Urban Outfitters (NASDAQ:URBN) Stock Rating Upgraded by Baird R W

Baird R W upgraded shares of Urban Outfitters (NASDAQ:URBN - Free Report) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Several other research firms have also weighed in on URBN. Robert W. Baird upgraded Urban Outfitters from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $75.00 to $90.00 in a research report on Wednesday. Wells Fargo & Company reissued an "equal weight" rating on shares of Urban Outfitters in a research report on Thursday, May 22nd. Barclays upped their target price 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. JPMorgan Chase & Co. raised shares of Urban Outfitters from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $63.00 to $78.00 in a research report on Thursday, May 22nd. Finally, Bank of America boosted their price objective on shares of Urban Outfitters from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $74.09.

Urban Outfitters Stock Down 2.3%

Shares of NASDAQ:URBN traded down $1.57 during midday trading on Wednesday, hitting $67.60. 975,255 shares of the stock traded hands, compared to its average volume of 1,975,093. The business's 50 day moving average is $58.60 and its two-hundred day moving average is $55.45. The stock has a market capitalization of $6.26 billion, a PE ratio of 19.42, a P/E/G ratio of 1.02 and a beta of 1.45. Urban Outfitters has a one year low of $33.86 and a one year high of $75.80.

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

Insider Activity at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 35,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $74.15, for a total value of $2,595,250.00. Following the transaction, the director now owns 480,296 shares in the company, valued at $35,613,948.40. This represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Azeez Hayne sold 12,856 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $73.00, for a total value of $938,488.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 159,156 shares of company stock valued at $11,636,158. 31.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its holdings in shares of Urban Outfitters by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,322,526 shares of the apparel retailer's stock worth $121,700,000 after purchasing an additional 233,371 shares during the period. Fisher Asset Management LLC boosted its stake in Urban Outfitters by 5.6% during the fourth quarter. Fisher Asset Management LLC now owns 2,188,806 shares of the apparel retailer's stock worth $120,122,000 after buying an additional 115,390 shares during the period. Junto Capital Management LP increased its position in Urban Outfitters by 16.5% during the first quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer's stock valued at $90,571,000 after acquiring an additional 244,801 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Urban Outfitters by 27.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,397,175 shares of the apparel retailer's stock valued at $73,212,000 after acquiring an additional 302,444 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Urban Outfitters by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,174,966 shares of the apparel retailer's stock valued at $64,482,000 after acquiring an additional 60,697 shares during the period. 77.61% of the stock is owned by hedge funds and other 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.