Urban Outfitters (NASDAQ:URBN) Rating Lowered to "Buy" at Wall Street Zen

Urban Outfitters (NASDAQ:URBN - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Friday.

A number of other research analysts have also recently commented on the company. Telsey Advisory Group restated a "market perform" rating and set a $72.00 price target (up from $59.00) on shares of Urban Outfitters in a research note on Thursday, May 22nd. Barclays lifted their price objective on shares of Urban Outfitters from $59.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. BMO Capital Markets set a $76.00 price target on shares of Urban Outfitters and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Bank of America upped their target price on Urban Outfitters from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Glj Research restated a "sell" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $71.55.

Urban Outfitters Price Performance

NASDAQ URBN traded up $0.31 during trading hours on Friday, hitting $70.02. 1,883,302 shares of the company's stock traded hands, compared to its average volume of 1,977,399. The firm's 50-day moving average is $56.92 and its 200-day moving average is $54.59. The company has a market capitalization of $6.49 billion, a PE ratio of 20.06, a PEG ratio of 1.02 and a beta of 1.45. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $75.80.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.35. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $0.69 EPS. Urban Outfitters's revenue was up 10.7% on a year-over-year basis. Equities research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, insider Margaret Hayne sold 80,000 shares of Urban Outfitters stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total value of $5,807,200.00. Following the transaction, the insider now owns 100 shares in the company, valued at $7,259. This trade represents a 99.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tricia D. Smith sold 10,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $53.94, for a total value of $539,400.00. Following the sale, the chief executive officer now directly owns 12,601 shares of the company's stock, valued at approximately $679,697.94. This trade represents a 44.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 176,332 shares of company stock valued at $12,497,479 in the last ninety days. Corporate insiders own 31.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of URBN. Strs Ohio purchased a new stake in shares of Urban Outfitters in the first quarter worth about $461,000. Acadian Asset Management LLC grew its stake in Urban Outfitters by 354.6% in the first quarter. Acadian Asset Management LLC now owns 206,454 shares of the apparel retailer's stock worth $10,813,000 after purchasing an additional 161,039 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Urban Outfitters by 110.6% during the 1st quarter. Intech Investment Management LLC now owns 65,804 shares of the apparel retailer's stock valued at $3,448,000 after acquiring an additional 34,555 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Urban Outfitters during the first quarter worth $442,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Urban Outfitters by 10.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer's stock worth $7,476,000 after acquiring an additional 13,554 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company's stock.

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.

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