Urban Outfitters, Inc. (NASDAQ: URBN – Get a rating) obtained a consensus recommendation of “Hold” from the eighteen brokerages that cover the stock, Marketbeat.com reports. One research analyst gave the stock a sell rating, eight gave the company a hold rating and four gave the company a buy rating. The 1-year average price target among analysts who have rated the stock over the past year is $36.29.
A number of equity research analysts have weighed in on the company. Barclays downgraded Urban Outfitters from an “overweight” rating to an “equal weight” rating and lowered its price target for the company from $34.00 to $29.00 in a Friday, April 1 report. BMO Capital Markets lowered its price target on Urban Outfitters from $37.00 to $29.00 in a Monday, Feb. 7 research report. Deutsche Bank Aktiengesellschaft cut its price target on Urban Outfitters from $42.00 to $35.00 in a Wednesday, February 16 report. Morgan Stanley lowered its price target on Urban Outfitters shares from $37.00 to $34.00 and set an “overweight” rating on the stock in a Monday, March 7 report. Finally, JPMorgan Chase & Co. raised its price target on Urban Outfitters shares from $31.00 to $32.00 and gave the company a “neutral” rating in a Wednesday, March 2 report.
In related news, CAD Azeez Hayne sold 5,000 shares of the company in a transaction dated Monday, March 21. The stock was sold at an average price of $26.61, for a total value of $133,050.00. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Company insiders hold 27.50% of the company’s stock.
Several institutional investors have recently changed their stake in the company. Shapiro Capital Management LLC increased its stake in Urban Outfitters shares by 4.6% in Q1. Shapiro Capital Management LLC now owns 9,472,995 shares of the clothing retailer valued at $237,867,000 after purchasing an additional 420,001 shares during the period. BlackRock Inc. increased its stake in Urban Outfitters by 9.6% in the fourth quarter. BlackRock Inc. now owns 9,143,391 shares of the clothing retailer valued at $268,451,000 after purchasing an additional 802,424 shares during the period. Turtle Creek Asset Management Inc. increased its holdings in Urban Outfitters by 41.3% in the first quarter. Turtle Creek Asset Management Inc. now owns 5,560,507 shares of the clothing retailer worth $139,624,000 after purchasing an additional 1,624,012 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Urban Outfitters shares by 8.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,990,653 shares of the clothing retailer worth $125,315,000 after purchasing an additional 403,537 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Urban Outfitters shares by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,037,357 shares of the clothing retailer worth $101,382,000 after acquiring 318,211 additional shares in the last quarter. Institutional investors hold 69.35% of the company’s shares.
Shares of URBN Action opened at $22.72 on Friday. Urban Outfitters has a one-year low of $21.35 and a one-year high of $42.10. The stock has a fifty-day moving average price of $25.14 and a 200-day moving average price of $28.35. The stock has a market capitalization of $2.17 billion, a P/E ratio of 7.28, a price-to-earnings growth ratio of 0.40 and a beta of 1.43.
Urban Outfitters (NASDAQ: URBN – Get a rating) last released its quarterly earnings data on Tuesday, March 1. The apparel retailer reported EPS of $0.41 for the quarter, missing analyst consensus estimates of $0.49 per ($0.08). The company posted revenue of $1.33 billion for the quarter, versus a consensus estimate of $1.33 billion. Urban Outfitters had a return on equity of 18.55% and a net margin of 6.83%. Urban Outfitters revenue increased 22.3% year over year. In the same period a year earlier, the company posted earnings per share of $0.30. Research analysts expect Urban Outfitters to post an EPS of 2.96 for the current fiscal year.
About Urban Outfitters (Get a rating)
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The Company operates through three segments: Retail, Wholesale and Nully. It operates Urban Outfitters stores, which offer women’s and men’s fashion apparel, sportswear, underwear, shoes, accessories, homewares, electronics and beauty products for women. young adults aged 18 to 28; and Anthropologie stores which offer women’s casual wear, accessories, underwear, footwear, and home furnishings, as well as gifts, home décor, and beauty and wellness products for women. women aged 28 to 45.
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