StockNews.com Upgrades Urban Outfitters (NASDAQ:URBN) to “Buy”

StockNews.com upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a report released on Saturday morning.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group decreased their price objective on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. Bank of America lifted their price target on Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their target price on Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their price target on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, BMO Capital Markets dropped their price target on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $46.27.

Urban Outfitters Price Performance

URBN opened at $49.22 on Friday. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 1.06 and a beta of 1.59. The business has a fifty day moving average price of $39.41 and a 200 day moving average price of $40.60. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $52.68.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts anticipate that Urban Outfitters will post 3.84 earnings per share for the current year.

Institutional Trading of Urban Outfitters

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp increased its stake in Urban Outfitters by 1.1% in the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after purchasing an additional 31,100 shares during the period. Marshall Wace LLP grew its holdings in shares of Urban Outfitters by 116.3% during the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after buying an additional 1,230,771 shares during the last quarter. Fisher Asset Management LLC increased its position in Urban Outfitters by 3.1% in the 3rd quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock valued at $79,433,000 after acquiring an additional 62,019 shares during the period. American Century Companies Inc. raised its stake in Urban Outfitters by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock valued at $63,836,000 after acquiring an additional 264,708 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Urban Outfitters by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after acquiring an additional 18,249 shares during the period. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

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.