BidaskClub downgraded shares of Urban Outfitters (NASDAQ:URBN) from a strong-buy rating to a buy rating in a research note published on Wednesday.
Other analysts have also recently issued research reports about the company. Buckingham Research set a $42.00 target price on Urban Outfitters and gave the company a buy rating in a research report on Thursday, March 8th. SunTrust Banks set a $42.00 target price on Urban Outfitters and gave the company a buy rating in a research report on Wednesday, March 7th. Robert W. Baird reaffirmed a buy rating and set a $42.00 target price (up previously from $39.00) on shares of Urban Outfitters in a research report on Wednesday, March 7th. Loop Capital started coverage on Urban Outfitters in a research report on Thursday, March 8th. They set a buy rating and a $46.00 target price on the stock. Finally, ValuEngine raised Urban Outfitters from a hold rating to a buy rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $35.43.
Shares of Urban Outfitters opened at $40.80 on Wednesday, Marketbeat Ratings reports. Urban Outfitters has a 52-week low of $16.19 and a 52-week high of $43.58. The company has a market capitalization of $4.47 billion, a P/E ratio of 24.43, a PEG ratio of 1.50 and a beta of 0.52.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, May 22nd. The apparel retailer reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.08. The business had revenue of $855.70 million for the quarter, compared to analysts’ expectations of $837.79 million. Urban Outfitters had a return on equity of 16.28% and a net margin of 3.71%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. analysts expect that Urban Outfitters will post 2.29 EPS for the current year.
In related news, insider David W. Mccreight sold 147,319 shares of the firm’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $38.54, for a total value of $5,677,674.26. Following the completion of the transaction, the insider now owns 108,900 shares in the company, valued at approximately $4,197,006. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Margaret Hayne sold 41,100 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $36.65, for a total value of $1,506,315.00. Following the completion of the transaction, the chief executive officer now owns 1,066,184 shares of the company’s stock, valued at approximately $39,075,643.60. The disclosure for this sale can be found here. Insiders sold a total of 390,295 shares of company stock valued at $14,551,402 in the last three months. Insiders own 25.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of URBN. Two Sigma Investments LP raised its stake in Urban Outfitters by 338.9% in the 4th quarter. Two Sigma Investments LP now owns 1,357,287 shares of the apparel retailer’s stock worth $47,586,000 after acquiring an additional 1,048,052 shares during the last quarter. Two Sigma Advisers LP raised its stake in Urban Outfitters by 263.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,137,687 shares of the apparel retailer’s stock worth $39,887,000 after acquiring an additional 824,876 shares during the last quarter. Millennium Management LLC raised its stake in Urban Outfitters by 113.9% in the 1st quarter. Millennium Management LLC now owns 1,042,420 shares of the apparel retailer’s stock worth $38,528,000 after acquiring an additional 555,116 shares during the last quarter. Mackay Shields LLC purchased a new position in Urban Outfitters in the 1st quarter worth $18,370,000. Finally, Scopus Asset Management L.P. purchased a new position in Urban Outfitters in the 1st quarter worth $15,481,000. Institutional investors own 71.19% of the company’s stock.
About Urban Outfitters
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.
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