Urban Outfitters, Inc. (NASDAQ:URBN) Stock Rated “Moderate Buy” by Wall Street Analysts

by · The Cerbat Gem

Shares of Urban Outfitters, Inc. (NASDAQ:URBN – Get Free Report) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $89.75.

A number of brokerages recently weighed in on URBN. Wells Fargo & Company lifted 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 note on Thursday, August 27th. Weiss Ratings upgraded Urban Outfitters from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 22nd. BMO Capital Markets started coverage on Urban Outfitters in a research report on Tuesday, September 8th. They issued a “market perform” rating and a $80.00 price objective for the company. Zacks Research downgraded Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Wall Street Zen lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, August 31st.

View Our Latest Stock Analysis on Urban Outfitters

Urban Outfitters Price Performance

Shares of URBN stock opened at $81.60 on Thursday. The business’s 50 day simple moving average is $77.26 and its 200 day simple moving average is $72.78. Urban Outfitters has a one year low of $59.53 and a one year high of $85.43. The stock has a market capitalization of $6.99 billion, a PE ratio of 12.73, a PEG ratio of 1.26 and a beta of 1.24.

Urban Outfitters (NASDAQ:URBN – Get Free Report) last released its earnings results on Thursday, August 27th. The apparel retailer reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts expect that Urban Outfitters will post 6.2 earnings per share for the current year.

Insider Activity at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 5,700 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the sale, the chief financial officer owned 11,323 shares of the company’s stock, valued at $914,332.25. This trade represents a 33.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tricia Smith sold 3,500 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $75.95, for a total transaction of $265,825.00. Following the transaction, the chief executive officer owned 30,112 shares in the company, valued at $2,287,006.40. The trade was a 10.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 32.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in URBN. Eurizon Capital SGR S.p.A. acquired a new position in shares of Urban Outfitters during the fourth quarter worth approximately $27,000. Allworth Financial LP purchased a new position in Urban Outfitters in the second quarter worth $31,000. Kilter Group LLC purchased a new position in shares of Urban Outfitters in the 2nd quarter worth about $35,000. NewEdge Advisors LLC boosted its stake in Urban Outfitters by 87.0% in the second quarter. NewEdge Advisors LLC now owns 531 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 247 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Urban Outfitters during the fourth quarter valued at $47,000. 77.61% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

(Get Free Report)

Urban Outfitters, Inc is a lifestyle retail company that offers apparel, accessories, beauty products, home furnishings, and other lifestyle merchandise through stores and digital channels. Its brands target a range of customer groups and aesthetic preferences, from contemporary fashion and eclectic home goods to activewear and rental apparel.

The company’s portfolio includes Urban Outfitters, Anthropologie, Free People, FP Movement, Terrain, and Nuuly. Urban Outfitters focuses on fashion-forward apparel, accessories, and home products; Anthropologie offers women’s clothing, accessories, beauty products, and home furnishings; and Free People and FP Movement specialize in women’s apparel and activewear.

Recommended Stories