Urban Outfitters (NASDAQ:URBN) Receives “Outperform” Rating from Telsey Advisory Group

Urban Outfitters (NASDAQ:URBNGet Free Report)‘s stock had its “outperform” rating reaffirmed by research analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They presently have a $98.00 target price on the apparel retailer’s stock. Telsey Advisory Group’s price target suggests a potential upside of 49.71% from the company’s previous close.

URBN has been the topic of several other reports. Citigroup boosted their price objective on shares of Urban Outfitters from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research note on Monday, December 29th. Morgan Stanley upped their price objective on shares of Urban Outfitters from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Robert W. Baird set a $93.00 target price on shares of Urban Outfitters in a report on Wednesday, December 17th. Finally, Zacks Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Eight equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.67.

Read Our Latest Analysis on URBN

Urban Outfitters Price Performance

Shares of NASDAQ URBN opened at $65.46 on Thursday. The company has a market capitalization of $5.87 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.90 and a beta of 1.24. The company has a 50 day simple moving average of $72.88 and a 200-day simple moving average of $71.59. Urban Outfitters has a 1 year low of $41.89 and a 1 year high of $84.35.

Urban Outfitters (NASDAQ:URBNGet Free Report) last posted its earnings results on Wednesday, February 25th. The apparel retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.19. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, research analysts expect that Urban Outfitters will post 3.91 EPS for the current year.

Insider Transactions at Urban Outfitters

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $74.94, for a total transaction of $799,384.98. Following the sale, the chief executive officer owned 17,995,938 shares in the company, valued at $1,348,615,593.72. This represents a 0.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 602,850 shares of company stock valued at $45,557,264 in the last ninety days. Company insiders own 31.60% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

Institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Urban Outfitters by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,728 shares of the apparel retailer’s stock valued at $1,977,000 after acquiring an additional 1,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Urban Outfitters by 10.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 142,668 shares of the apparel retailer’s stock worth $7,476,000 after purchasing an additional 13,554 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Urban Outfitters by 11.7% during the second quarter. Asset Management One Co. Ltd. now owns 1,340 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 140 shares in the last quarter. HBK Sorce Advisory LLC purchased a new position in Urban Outfitters in the second quarter valued at $205,000. Finally, Strs Ohio increased its holdings in Urban Outfitters by 110.2% in the second quarter. Strs Ohio now owns 18,500 shares of the apparel retailer’s stock valued at $1,342,000 after buying an additional 9,700 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

More Urban Outfitters News

Here are the key news stories impacting Urban Outfitters this week:

Urban Outfitters Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.