Urban Outfitters (NASDAQ:URBN) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

A number of other equities analysts also recently issued reports on URBN. Buckingham Research set a $42.00 target price on Urban Outfitters and gave the stock a “buy” rating in a research note on Thursday, March 8th. MKM Partners raised Urban Outfitters from a “sell” rating to a “neutral” rating and increased their target price for the stock from $20.00 to $41.00 in a research note on Wednesday. Loop Capital assumed coverage on Urban Outfitters in a research note on Thursday, March 8th. They set a “buy” rating and a $46.00 target price for the company. Telsey Advisory Group reissued a “market perform” rating and set a $39.00 target price (up from $38.00) on shares of Urban Outfitters in a research note on Wednesday, March 7th. Finally, B. Riley increased their target price on Urban Outfitters from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $32.96.

Shares of Urban Outfitters opened at $42.32 on Thursday, Marketbeat reports. The company has a market cap of $4.41 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.49 and a beta of 0.52. Urban Outfitters has a 12-month low of $41.19 and a 12-month high of $42.48.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS. research analysts anticipate that Urban Outfitters will post 2.28 earnings per share for the current year.

In other Urban Outfitters news, General Counsel Azeez Hayne sold 800 shares of the stock in a transaction on Monday, April 9th. The stock was sold at an average price of $39.01, for a total transaction of $31,208.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Frank Conforti sold 20,941 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $35.27, for a total value of $738,589.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 390,295 shares of company stock worth $14,551,402. 25.90% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Teachers Advisors LLC grew its holdings in Urban Outfitters by 13.7% during the 4th quarter. Teachers Advisors LLC now owns 161,819 shares of the apparel retailer’s stock valued at $5,673,000 after buying an additional 19,559 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Urban Outfitters by 42.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after buying an additional 1,522 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in Urban Outfitters during the 4th quarter valued at $1,777,000. Emerald Advisers Inc. PA acquired a new stake in Urban Outfitters during the 4th quarter valued at $297,000. Finally, Contravisory Investment Management Inc. acquired a new stake in Urban Outfitters during the 4th quarter valued at $414,000. Hedge funds and other institutional investors own 75.68% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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