Urban Outfitters (NASDAQ:URBN) Raised to Strong-Buy at Baird R W

Baird R W upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Citigroup lowered their price objective on shares of Urban Outfitters from $65.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Robert W. Baird upgraded shares of Urban Outfitters from a “neutral” rating to an “outperform” rating and upped their price target for the company from $75.00 to $90.00 in a report on Wednesday. Jefferies Financial Group upgraded shares of Urban Outfitters from an “underperform” rating to a “hold” rating and upped their price target for the company from $50.00 to $70.00 in a report on Friday, June 6th. Glj Research reiterated a “sell” rating on shares of Urban Outfitters in a report on Thursday, May 22nd. Finally, UBS Group upped their price target on shares of Urban Outfitters from $54.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.09.

Urban Outfitters Stock Performance

Shares of URBN opened at $69.23 on Wednesday. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.02 and a beta of 1.45. Urban Outfitters has a fifty-two week low of $33.86 and a fifty-two week high of $75.80. The firm has a 50 day moving average price of $58.14 and a 200-day moving average price of $55.25.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Wednesday, May 21st. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. As a group, equities research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Buying and Selling at Urban Outfitters

In other Urban Outfitters news, insider Margaret Hayne sold 80,000 shares of the business’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $72.59, for a total transaction of $5,807,200.00. Following the transaction, the insider now directly owns 100 shares of the company’s stock, valued at approximately $7,259. The trade was a 99.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tricia D. Smith sold 4,500 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $70.52, for a total transaction of $317,340.00. Following the transaction, the chief executive officer now directly owns 13,477 shares in the company, valued at approximately $950,398.04. The trade was a 25.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 159,156 shares of company stock valued at $11,636,158. 31.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in URBN. Whipplewood Advisors LLC grew its position in shares of Urban Outfitters by 2,893.8% in the 1st quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer’s stock worth $25,000 after buying an additional 463 shares during the period. Jones Financial Companies Lllp grew its position in shares of Urban Outfitters by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 525 shares of the apparel retailer’s stock worth $29,000 after buying an additional 200 shares during the period. Federated Hermes Inc. grew its position in shares of Urban Outfitters by 17,175.0% in the 1st quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer’s stock worth $36,000 after buying an additional 687 shares during the period. Virtus Advisers LLC purchased a new stake in shares of Urban Outfitters in the 1st quarter worth about $46,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Urban Outfitters in the 1st quarter worth about $52,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

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.