Weiss Ratings Reaffirms "Buy (B)" Rating for Urban Outfitters (NASDAQ:URBN)

Key Points

• Weiss Ratings has maintained a "Buy (B)" rating for Urban Outfitters (NASDAQ: URBN), highlighting confidence in the company's stock performance.
• Urban Outfitters recently reported quarterly earnings with an EPS of $1.58, surpassing estimates, and a revenue increase of 11.3% year-over-year, signaling strong financial health.
• The stock currently holds a consensus rating of "Moderate Buy" with a target price averaging $81.91, influenced by several analysts upgrading their ratings.

Urban Outfitters (NASDAQ:URBN - Get Free Report)'s stock had its "buy (b)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Other equities research analysts have also issued reports about the stock. Zacks Research upgraded shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Morgan Stanley boosted their target price on shares of Urban Outfitters from $82.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Citigroup reiterated a "neutral" rating and set a $76.00 price target (up from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. 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. Finally, Bank of America boosted their price target on Urban Outfitters from $90.00 to $93.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.91.

Urban Outfitters Stock Performance

Shares of URBN traded up $0.25 during mid-day trading on Friday, hitting $67.77. 1,409,743 shares of the company's stock were exchanged, compared to its average volume of 1,592,772. The stock's 50-day moving average is $71.19 and its 200-day moving average is $67.51. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.06 and a beta of 1.26. Urban Outfitters has a fifty-two week low of $35.03 and a fifty-two week high of $80.71.

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

Insider Buying and Selling

In related news, Director Mary Egan sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director directly owned 14,250 shares of the company's stock, valued at approximately $999,210. The trade was a 6.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Tricia D. Smith sold 3,400 shares of the business's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $69.77, for a total value of $237,218.00. Following the transaction, the chief executive officer directly owned 10,077 shares in the company, valued at $703,072.29. This trade represents a 25.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,400 shares of company stock valued at $3,118,738. Corporate insiders own 31.60% of the company's stock.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently made changes to their positions in URBN. GAMMA Investing LLC increased its holdings in shares of Urban Outfitters by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock valued at $54,000 after acquiring an additional 263 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Urban Outfitters during the 1st quarter worth $1,094,000. Robeco Institutional Asset Management B.V. bought a new position in Urban Outfitters during the 1st quarter worth $1,677,000. Diversified Trust Co grew its stake in Urban Outfitters by 4.0% during the 1st quarter. Diversified Trust Co now owns 19,517 shares of the apparel retailer's stock worth $1,023,000 after buying an additional 752 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in Urban Outfitters by 8.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 31,043 shares of the apparel retailer's stock worth $1,627,000 after buying an additional 2,385 shares during the last quarter. 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.

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