Urban Outfitters (NASDAQ:URBN) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Urban Outfitters (NASDAQ:URBNFree Report) from a strong-buy rating to a buy rating in a research note released on Sunday morning.

Other equities research analysts have also recently issued research reports about the company. Bank of America raised their target price on Urban Outfitters from $90.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 28th. Barclays reiterated an “overweight” rating and issued a $89.00 price objective on shares of Urban Outfitters in a research note on Friday, August 29th. Robert W. Baird raised shares of Urban Outfitters from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, June 11th. Finally, Morgan Stanley raised their price target on shares of Urban Outfitters from $82.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $81.91.

Check Out Our Latest Analysis on URBN

Urban Outfitters Stock Down 1.1%

URBN opened at $71.43 on Friday. Urban Outfitters has a twelve month low of $34.76 and a twelve month high of $80.71. The company has a fifty day moving average of $73.83 and a 200-day moving average of $65.38. The stock has a market cap of $6.41 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.15 and a beta of 1.29.

Urban Outfitters (NASDAQ:URBNGet Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $1.24 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. Sell-side analysts anticipate that Urban Outfitters will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director owned 14,250 shares in the company, valued at approximately $999,210. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 31.80% of the company’s stock.

Institutional Investors Weigh In On Urban Outfitters

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Whipplewood Advisors LLC raised its holdings in shares of Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 463 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of Urban Outfitters in the second quarter worth approximately $26,000. Cullen Frost Bankers Inc. lifted its holdings 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 valued at $34,000 after purchasing an additional 301 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Urban Outfitters by 17,175.0% during the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 687 shares during the last quarter. Finally, Kilter Group LLC purchased a new position in shares of Urban Outfitters during the second quarter valued at approximately $36,000. 77.61% of the stock is owned by institutional investors.

Urban Outfitters Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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