Urban Outfitters (NASDAQ:URBN) Stock Rating Upgraded by Wall Street Zen

Key Points

• Urban Outfitters' rating was upgraded to a "strong-buy" by Wall Street Zen, indicating analysts' increased confidence in the company's performance.
• The company reported a quarterly earnings per share of $1.58, beating consensus estimates of $1.44, with revenue up 11.3% from the previous year.
• Various analysts have set target prices for Urban Outfitters stock ranging from $70.00 to $93.00, reflecting differing opinions on its future value.

Urban Outfitters (NASDAQ:URBN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

Several other brokerages also recently issued reports on URBN. Jefferies Financial Group raised shares of Urban Outfitters from an "underperform" rating to a "hold" rating and upped their price target for the company from $50.00 to $70.00 in a report on Friday, June 6th. JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Wells Fargo & Company upped their price objective on shares of Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Barclays reissued an "overweight" rating and set a $89.00 price objective on shares of Urban Outfitters in a research note on Friday, August 29th. Finally, Telsey Advisory Group upped their price objective on shares of Urban Outfitters from $72.00 to $80.00 and gave the company a "market perform" rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Urban Outfitters presently has an average rating of "Hold" and a consensus price target of $81.91.

Urban Outfitters Stock Performance

URBN traded down $0.17 on Friday, hitting $71.41. 2,448,865 shares of the company were exchanged, compared to its average volume of 2,273,542. The business's fifty day moving average is $73.85 and its 200 day moving average is $64.45. Urban Outfitters has a fifty-two week low of $34.76 and a fifty-two week high of $80.71. The firm has a market capitalization of $6.41 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts forecast that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mary Egan sold 1,000 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the completion of the sale, the director directly owned 14,250 shares of the company's stock, valued at approximately $999,210. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 31.60% of the company's stock.

Institutional Trading of Urban Outfitters

Several hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management bought a new stake in shares of Urban Outfitters during the 2nd quarter worth about $26,000. Cullen Frost Bankers Inc. grew its stake in shares of Urban Outfitters by 180.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer's stock worth $34,000 after purchasing an additional 301 shares during the last quarter. Whipplewood Advisors LLC grew its stake in shares of Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock worth $25,000 after purchasing an additional 463 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Urban Outfitters by 125.1% in the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer's stock worth $36,000 after acquiring an additional 274 shares in the last quarter. Finally, Kilter Group LLC purchased a new position in shares of Urban Outfitters in the second quarter worth approximately $36,000. 77.61% of the stock is currently owned by institutional investors.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.