Urban Outfitters (NASDAQ:URBN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a report issued on Saturday.

A number of other analysts have also recently issued reports on URBN. Telsey Advisory Group reiterated an “outperform” rating and set a $98.00 target price on shares of Urban Outfitters in a report on Thursday, February 26th. Morgan Stanley lifted their price target on shares of Urban Outfitters from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Robert W. Baird set a $93.00 price objective 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 report on Tuesday, January 13th. Finally, Citigroup upped their price target on shares of Urban Outfitters from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $86.25.

Urban Outfitters Stock Down 0.8%

Shares of NASDAQ URBN opened at $65.69 on Friday. Urban Outfitters has a 52-week low of $41.89 and a 52-week high of $84.35. The firm has a fifty day moving average of $72.02 and a 200-day moving average of $71.31. The stock has a market capitalization of $5.89 billion, a PE ratio of 12.96, a P/E/G ratio of 1.28 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last issued its 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 return on equity of 18.96% and a net margin of 7.54%.The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period last year, the company posted $1.04 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, CEO Richard A. Hayne sold 10,667 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $76.03, for a total value of $811,012.01. Following the completion of the transaction, the chief executive officer directly owned 17,921,269 shares of the company’s stock, valued at $1,362,554,082.07. This represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 562,850 shares of company stock valued at $42,579,064. Insiders own 31.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Abrams Bison Investments LLC purchased a new stake in Urban Outfitters during the 4th quarter worth approximately $127,114,000. Jupiter Asset Management Ltd. grew its position in shares of Urban Outfitters by 900.1% during the third quarter. Jupiter Asset Management Ltd. now owns 969,999 shares of the apparel retailer’s stock worth $69,287,000 after buying an additional 873,008 shares in the last quarter. Capital World Investors bought a new stake in shares of Urban Outfitters in the third quarter worth $60,795,000. Norges Bank acquired a new stake in Urban Outfitters in the second quarter valued at $55,429,000. Finally, Balyasny Asset Management L.P. boosted its stake in Urban Outfitters by 5,360.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 618,152 shares of the apparel retailer’s stock valued at $44,155,000 after acquiring an additional 606,831 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.