Urban Outfitters (URBN) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Urban Outfitters (NASDAQ:URBN) from a sell rating to a hold rating in a research note published on Tuesday morning.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Co lifted their price objective on Urban Outfitters from $45.00 to $50.00 and gave the company a market perform rating in a research note on Wednesday, August 22nd. Robert W. Baird cut Urban Outfitters from an outperform rating to a neutral rating and set a $38.00 target price for the company. in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Nomura boosted their target price on Urban Outfitters from $40.00 to $43.00 and gave the stock a neutral rating in a research note on Wednesday, August 22nd. Deutsche Bank boosted their target price on Urban Outfitters from $35.00 to $39.00 and gave the stock a sell rating in a research note on Wednesday, August 22nd. Finally, MKM Partners boosted their target price on Urban Outfitters to $47.00 and gave the stock a neutral rating in a research note on Wednesday, August 22nd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $45.83.

Shares of URBN opened at $39.93 on Tuesday. The stock has a market capitalization of $4.40 billion, a PE ratio of 23.91, a P/E/G ratio of 1.19 and a beta of 0.55. Urban Outfitters has a 1 year low of $23.83 and a 1 year high of $52.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, August 21st. The apparel retailer reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. The business had revenue of $992.50 million during the quarter, compared to analysts’ expectations of $980.19 million. Urban Outfitters had a return on equity of 18.92% and a net margin of 4.71%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. As a group, sell-side analysts expect that Urban Outfitters will post 2.66 earnings per share for the current fiscal year.

In other Urban Outfitters news, CEO Trish Donnelly sold 19,332 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $46.10, for a total value of $891,205.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 25.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Urban Outfitters by 7.9% in the second quarter. BlackRock Inc. now owns 10,188,634 shares of the apparel retailer’s stock valued at $453,903,000 after buying an additional 749,276 shares during the last quarter. FMR LLC lifted its stake in Urban Outfitters by 79.7% in the second quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock valued at $350,737,000 after buying an additional 3,492,613 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Urban Outfitters by 3.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,355,163 shares of the apparel retailer’s stock valued at $137,226,000 after buying an additional 122,134 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in Urban Outfitters by 59.0% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,718,187 shares of the apparel retailer’s stock valued at $111,173,000 after buying an additional 1,008,156 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Urban Outfitters by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 1,725,076 shares of the apparel retailer’s stock valued at $76,854,000 after buying an additional 103,280 shares during the last quarter. Institutional investors own 78.05% of the company’s stock.

Urban Outfitters Company Profile

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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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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