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

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

A number of other equities research analysts have also recently issued reports on URBN. Wells Fargo & Company raised their target price on Urban Outfitters from $40.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Telsey Advisory Group boosted their target price on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Robert W. Baird raised their price target 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. Barclays boosted their price objective on Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Citigroup upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $59.00 in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Urban Outfitters currently has an average rating of “Hold” and an average target price of $49.64.

Urban Outfitters Stock Performance

NASDAQ URBN opened at $56.96 on Friday. The firm has a market capitalization of $5.26 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.55. Urban Outfitters has a one year low of $33.86 and a one year high of $59.05. The company has a 50-day simple moving average of $48.29 and a 200-day simple moving average of $42.63.

Urban Outfitters (NASDAQ:URBN) last posted its 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. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 earnings per share. Equities analysts forecast that Urban Outfitters will post 3.88 earnings per share for the current year.

Hedge Funds Weigh In On Urban Outfitters

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in Urban Outfitters by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock worth $56,765,000 after buying an additional 18,249 shares in the last quarter. Algert Global LLC boosted its stake in shares of Urban Outfitters by 36.0% during the 3rd quarter. Algert Global LLC now owns 53,715 shares of the apparel retailer’s stock worth $2,058,000 after acquiring an additional 14,220 shares in the last quarter. Petrus Trust Company LTA acquired a new position in shares of Urban Outfitters in the 3rd quarter worth $642,000. Fisher Asset Management LLC raised its position in shares of Urban Outfitters by 3.1% during the third quarter. Fisher Asset Management LLC now owns 2,073,416 shares of the apparel retailer’s stock worth $79,433,000 after purchasing an additional 62,019 shares during the period. Finally, State Street Corp lifted its holdings in shares of Urban Outfitters by 1.1% during the third quarter. State Street Corp now owns 2,799,366 shares of the apparel retailer’s stock valued at $107,244,000 after purchasing an additional 31,100 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

Urban Outfitters Company Profile

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.