Urban Outfitters, Inc. (NASDAQ:URBN) Receives Average Rating of “Hold” from Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $46.27.

URBN has been the topic of a number of research reports. Robert W. Baird increased their price objective on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Bank of America increased their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Barclays increased their target price on Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Telsey Advisory Group boosted their price target on Urban Outfitters from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th.

Urban Outfitters Trading Up 2.1 %

Shares of URBN opened at $55.71 on Friday. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $56.06. The firm has a market capitalization of $5.14 billion, a P/E ratio of 15.96, a PEG ratio of 1.10 and a beta of 1.60. The firm’s 50-day moving average is $43.80 and its two-hundred day moving average is $41.70.

Urban Outfitters (NASDAQ:URBN) last released its quarterly 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 return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Analysts predict that Urban Outfitters will post 3.88 EPS for the current year.

Institutional Investors Weigh In On Urban Outfitters

Hedge funds have recently modified their holdings of the stock. Evergreen Capital Management LLC raised its stake in Urban Outfitters by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 9,361 shares of the apparel retailer’s stock worth $384,000 after purchasing an additional 258 shares during the period. Quarry LP raised its position in shares of Urban Outfitters by 32.3% in the 3rd quarter. Quarry LP now owns 1,222 shares of the apparel retailer’s stock worth $47,000 after buying an additional 298 shares during the period. Signaturefd LLC boosted its holdings in Urban Outfitters by 15.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the apparel retailer’s stock valued at $92,000 after acquiring an additional 299 shares during the last quarter. Blue Trust Inc. grew its position in Urban Outfitters by 138.8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 354 shares during the period. Finally, Arizona State Retirement System increased its stake in Urban Outfitters by 2.4% during the second quarter. Arizona State Retirement System now owns 16,976 shares of the apparel retailer’s stock worth $697,000 after acquiring an additional 401 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

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.