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

Urban Outfitters (NASDAQ:URBN)‘s stock had its “outperform” rating reiterated by research analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They presently have a $98.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 39.74% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a report on Wednesday, November 26th. JPMorgan Chase & Co. cut their target price on Urban Outfitters from $96.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Robert W. Baird set a $93.00 price target on Urban Outfitters in a report on Wednesday, December 17th. Wells Fargo & Company boosted their price objective on Urban Outfitters from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group initiated coverage on Urban Outfitters in a research report on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $86.67.

Urban Outfitters Trading Down 2.1%

URBN opened at $70.13 on Thursday. Urban Outfitters has a 1-year low of $41.89 and a 1-year high of $84.35. The firm’s 50 day simple moving average is $74.38 and its two-hundred day simple moving average is $71.99. The company has a market capitalization of $6.29 billion, a PE ratio of 13.23, a PEG ratio of 0.99 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, December 10th. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter. Urban Outfitters had a return on equity of 18.33% and a net margin of 8.15%.The company had revenue of $1.53 billion during the quarter. Equities analysts forecast that Urban Outfitters will post 3.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Richard A. Hayne sold 10,667 shares of the business’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $74.94, for a total transaction of $799,384.98. Following the completion of the sale, the chief executive officer directly owned 17,995,938 shares of the company’s stock, valued at $1,348,615,593.72. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 598,168 shares of company stock worth $45,325,456 in the last quarter. Corporate insiders own 31.60% of the company’s stock.

Hedge Funds Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new position in shares of Urban Outfitters in the 3rd quarter worth about $25,000. Hollencrest Capital Management acquired a new stake in Urban Outfitters during the second quarter worth about $26,000. Eurizon Capital SGR S.p.A. bought a new position in Urban Outfitters in the fourth quarter worth about $27,000. Brown Brothers Harriman & Co. boosted its stake in Urban Outfitters by 815.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 326 shares during the period. Finally, Salomon & Ludwin LLC grew its holdings in shares of Urban Outfitters by 58.4% during the fourth quarter. Salomon & Ludwin LLC now owns 404 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

About Urban Outfitters

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.