Urban Outfitters (NASDAQ:URBN) Stock Rating Lowered by Wall Street Zen

Urban Outfitters (NASDAQ:URBN) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued reports about the company. Zacks Research lowered Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Barclays raised their price objective on shares of Urban Outfitters from $89.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Wells Fargo & Company upped their target price on shares of Urban Outfitters from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. increased their price target on shares of Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $85.17.

Urban Outfitters Trading Up 0.2%

NASDAQ:URBN opened at $81.84 on Friday. The stock has a market capitalization of $7.34 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.24 and a beta of 1.20. Urban Outfitters has a 1 year low of $41.89 and a 1 year high of $83.38. The firm has a 50 day moving average of $68.76 and a 200-day moving average of $71.20.

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

Insider Buying and Selling

In other Urban Outfitters news, insider Margaret Hayne sold 9,333 shares of Urban Outfitters stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $78.36, for a total transaction of $731,333.88. Following the completion of the sale, the insider owned 2,337,392 shares of the company’s stock, valued at approximately $183,158,037.12. The trade was a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard A. Hayne sold 10,667 shares of the stock in a transaction on 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 in the company, valued at approximately $1,362,554,082.07. This trade represents a 0.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 172,733 shares of company stock valued at $12,896,352. 31.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URBN. US Bancorp DE boosted its holdings in Urban Outfitters by 16.4% during the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer’s stock worth $97,000 after buying an additional 262 shares during the last quarter. Citigroup Inc. raised its position in shares of Urban Outfitters by 53.8% in the 1st quarter. Citigroup Inc. now owns 154,225 shares of the apparel retailer’s stock valued at $8,081,000 after acquiring an additional 53,972 shares during the period. Nuveen LLC bought a new position in Urban Outfitters during the 1st quarter worth approximately $43,769,000. HighTower Advisors LLC acquired a new position in Urban Outfitters during the first quarter valued at approximately $241,000. Finally, Russell Investments Group Ltd. grew its holdings in Urban Outfitters by 27.4% during the first quarter. Russell Investments Group Ltd. now owns 83,601 shares of the apparel retailer’s stock valued at $4,381,000 after purchasing an additional 17,983 shares during the period. Institutional investors 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.