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

Key Points

• Wall Street Zen upgraded Urban Outfitters to “buy” from “hold.” Overall analyst sentiment is “Moderate Buy,” with eight Buy ratings and six Holds and an average price target of $89.73.
• Urban Outfitters reported quarterly results above expectations, with EPS of $1.30 versus the $1.12 consensus and revenue of $1.48 billion versus $1.46 billion expected. Revenue increased 11.4% year over year.
• URBN shares opened at $74.24, up 2.2%, with a market capitalization of approximately $6.36 billion; institutional investors own 77.61% of the stock.

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

A number of other equities analysts also recently commented on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 price objective on shares of Urban Outfitters in a report on Monday, July 6th. JPMorgan Chase & Co. increased their target price on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, August 18th. Weiss Ratings downgraded shares of Urban Outfitters from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 7th. Jefferies Financial Group lifted their price target on shares of Urban Outfitters from $72.00 to $79.00 and gave the company a "hold" rating in a report on Wednesday, August 12th. Finally, Bank of America boosted their price objective on shares of Urban Outfitters from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $89.73.

Urban Outfitters Trading Up 2.2%

Shares of URBN stock opened at $74.24 on Friday. The stock has a 50 day simple moving average of $73.72 and a 200-day simple moving average of $70.62. Urban Outfitters has a 12-month low of $59.53 and a 12-month high of $84.35. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.18. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Urban Outfitters had a return on equity of 18.92% and a net margin of 7.48%.The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. On average, equities analysts forecast that Urban Outfitters will post 6.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System lifted its stake in Urban Outfitters by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,880 shares of the apparel retailer's stock valued at $593,000 after buying an additional 148 shares during the last quarter. GAMMA Investing LLC lifted its position in Urban Outfitters by 10.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,049 shares of the apparel retailer's stock valued at $145,000 after purchasing an additional 188 shares during the last quarter. Lido Advisors LLC boosted its stake in Urban Outfitters by 2.7% during the 4th quarter. Lido Advisors LLC now owns 7,367 shares of the apparel retailer's stock valued at $533,000 after purchasing an additional 193 shares during the period. Oregon Public Employees Retirement Fund grew its position in Urban Outfitters by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,319 shares of the apparel retailer's stock worth $927,000 after purchasing an additional 231 shares during the last quarter. Finally, Rezny Wealth Management Inc. increased its stake in shares of Urban Outfitters by 0.8% in the fourth quarter. Rezny Wealth Management Inc. now owns 28,900 shares of the apparel retailer's stock valued at $2,175,000 after purchasing an additional 241 shares during the period. 77.61% of the stock is currently owned by institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city's historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.

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