Urban Outfitters (NASDAQ:URBN) Earns “Market Perform” Rating from Telsey Advisory Group

Urban Outfitters (NASDAQ:URBN)‘s stock had its “market perform” rating reaffirmed by Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They currently have a $80.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 30.31% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Barclays reaffirmed an “overweight” rating and set a $89.00 target price on shares of Urban Outfitters in a research report on Friday, August 29th. Citigroup reiterated a “neutral” rating and issued a $76.00 price target (up previously from $75.00) on shares of Urban Outfitters in a research report on Wednesday, August 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Urban Outfitters in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Urban Outfitters presently has an average rating of “Hold” and an average target price of $81.09.

Urban Outfitters Trading Up 0.5%

Shares of URBN stock opened at $61.39 on Wednesday. The business’s 50-day moving average price is $67.97 and its 200-day moving average price is $69.69. Urban Outfitters has a 12 month low of $36.48 and a 12 month high of $80.71. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.04 and a beta of 1.28.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts predict that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insider Activity

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of Urban Outfitters stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total value of $70,120.00. Following the completion of the sale, the director directly owned 14,250 shares in the company, valued at approximately $999,210. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tricia D. Smith sold 3,400 shares of the 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 owned 10,077 shares in the company, valued at $703,072.29. The trade was a 25.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,400 shares of company stock valued at $3,118,738 in the last ninety days. 31.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CWM LLC grew its holdings in Urban Outfitters by 19.6% in the first quarter. CWM LLC now owns 4,646 shares of the apparel retailer’s stock worth $243,000 after purchasing an additional 760 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Urban Outfitters by 12.4% during the first quarter. Victory Capital Management Inc. now owns 16,258 shares of the apparel retailer’s stock valued at $852,000 after purchasing an additional 1,796 shares during the period. Kestra Private Wealth Services LLC bought a new position in shares of Urban Outfitters during the 1st quarter worth about $548,000. Y Intercept Hong Kong Ltd bought a new position in shares of Urban Outfitters during the 1st quarter worth about $941,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Urban Outfitters in the 1st quarter valued at about $2,979,000. 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.