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

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for Urban Outfitters (NASDAQ:URBN), highlighting positive analyst sentiment surrounding the stock.
• Urban Outfitters reported strong quarterly earnings, with an EPS of $1.58 that surpassed expectations, and revenues up by 11.3% compared to last year.
• Institutional investors own approximately 77.61% of Urban Outfitters, indicating a strong backing from large financial entities.

Urban Outfitters (NASDAQ:URBN - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the stock. Baird R W raised shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Wall Street Zen cut shares of Urban Outfitters from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 28th. Bank of America boosted their price target on shares of Urban Outfitters from $90.00 to $93.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. UBS Group boosted their price target on shares of Urban Outfitters from $78.00 to $79.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Finally, Robert W. Baird upgraded Urban Outfitters from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.91.

Urban Outfitters Price Performance

URBN traded up $1.77 during trading on Wednesday, reaching $71.78. The company had a trading volume of 1,678,073 shares, compared to its average volume of 1,570,677. The company has a market cap of $6.44 billion, a P/E ratio of 14.02, a PEG ratio of 1.10 and a beta of 1.26. Urban Outfitters has a 12 month low of $34.76 and a 12 month high of $80.71. The business's fifty day moving average price is $73.36 and its 200 day moving average price is $66.23.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.50 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 EPS. As a group, sell-side analysts predict that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Transactions at Urban Outfitters

In related news, CEO Tricia D. Smith sold 3,400 shares of the company's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $69.77, for a total value of $237,218.00. Following the transaction, the chief executive officer owned 10,077 shares in the company, valued at approximately $703,072.29. This represents a 25.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Egan sold 1,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the completion of the transaction, the director owned 14,250 shares in the company, valued at approximately $999,210. This trade represents a 6.56% decrease in their position. The disclosure for this sale can be found here. 31.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban Outfitters

Large investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management acquired a new position in Urban Outfitters in the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. increased its position in shares of Urban Outfitters by 180.2% in the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer's stock worth $34,000 after purchasing an additional 301 shares during the period. Federated Hermes Inc. increased its position in shares of Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 687 shares during the period. Kilter Group LLC acquired a new position in Urban Outfitters in the second quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC lifted its position in Urban Outfitters by 125.1% during the second quarter. EverSource Wealth Advisors LLC now owns 493 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds 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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