Urban Outfitters (NASDAQ:URBN) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

A number of other research analysts also recently weighed in on URBN. Robert W. Baird lifted their price target on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Bank of America upped their target price on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their price target on shares of Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Morgan Stanley upped their price objective on shares of Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Urban Outfitters currently has an average rating of “Hold” and an average price target of $49.64.

Urban Outfitters Trading Down 0.2 %

NASDAQ URBN opened at $56.96 on Friday. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $59.05. The company has a market cap of $5.26 billion, a PE ratio of 16.32, a PEG ratio of 1.10 and a beta of 1.55. The stock’s 50-day moving average price is $47.86 and its two-hundred day moving average price is $42.56.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Research analysts forecast that Urban Outfitters will post 3.88 EPS for the current fiscal year.

Institutional Trading of Urban Outfitters

Institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its stake in shares of Urban Outfitters by 17,631.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 35,817 shares of the apparel retailer’s stock valued at $1,966,000 after acquiring an additional 35,615 shares in the last quarter. Diversified Trust Co raised its position in shares of Urban Outfitters by 10.6% in the fourth quarter. Diversified Trust Co now owns 18,765 shares of the apparel retailer’s stock valued at $1,030,000 after purchasing an additional 1,801 shares during the period. GAMMA Investing LLC lifted its stake in shares of Urban Outfitters by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 759 shares of the apparel retailer’s stock worth $42,000 after buying an additional 202 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Urban Outfitters by 7.6% during the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock worth $1,315,000 after buying an additional 2,527 shares during the period. Finally, Geode Capital Management LLC grew its stake in Urban Outfitters by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after buying an additional 18,249 shares during the last quarter. 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.