Wall Street Zen Downgrades Urban Outfitters (NASDAQ:URBN) to Hold

Key Points

• Wall Street Zen downgraded Urban Outfitters (NASDAQ:URBN) from a "buy" to a "hold" in a report issued on Saturday.
• Analyst sentiment is mixed — eight Buy, eight Hold and one Sell — giving an average rating of "Hold" and an average target price of $86.25.
• Urban Outfitters recently beat quarterly expectations with EPS of $1.43 vs. $1.24 and revenue of $1.80 billion (up 10.1% year-over-year); CEO Richard Hayne sold 10,667 shares and insiders have sold 293,517 shares in the last 90 days while owning 31.6% of the stock.

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

URBN has been the subject of several other research reports. The Goldman Sachs Group started coverage on shares of Urban Outfitters in a report on Tuesday, December 9th. They set a "neutral" rating and a $83.00 target price for the company. Robert W. Baird set a $93.00 price target on shares of Urban Outfitters in a research report on Wednesday, December 17th. UBS Group restated a "neutral" rating on shares of Urban Outfitters in a research note on Tuesday, January 13th. Guggenheim began coverage on Urban Outfitters in a report on Tuesday, December 9th. They issued a "neutral" rating for the company. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $98.00 target price on shares of Urban Outfitters in a research report on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $86.25.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $64.57 on Friday. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 1.25 and a beta of 1.20. The stock's 50 day moving average price is $66.82 and its two-hundred day moving average price is $69.90. Urban Outfitters has a 52 week low of $41.89 and a 52 week high of $84.35.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.19. Urban Outfitters had a net margin of 7.54% and a return on equity of 18.96%. The company had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.79 billion. During the same period last year, the business earned $1.04 EPS. The business's quarterly revenue was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that Urban Outfitters will post 3.91 EPS for the current year.

Insiders Place Their Bets

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the company's stock in a transaction on Monday, January 5th. The shares were sold at an average price of $76.57, for a total transaction of $816,772.19. Following the sale, the chief executive officer directly owned 17,739,930 shares of the company's stock, valued at approximately $1,358,346,440.10. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 293,517 shares of company stock worth $21,395,930 in the last 90 days. 31.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in Urban Outfitters in the 3rd quarter valued at about $25,000. Hollencrest Capital Management bought a new position in Urban Outfitters during the second quarter worth about $26,000. Eurizon Capital SGR S.p.A. acquired a new position in Urban Outfitters during the fourth quarter worth approximately $27,000. Brown Brothers Harriman & Co. raised its stake in Urban Outfitters by 815.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer's stock valued at $28,000 after buying an additional 326 shares during the period. Finally, Salomon & Ludwin LLC raised its stake in Urban Outfitters by 58.4% in the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer's stock valued at $31,000 after buying an additional 149 shares during the period. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.