Urban Outfitters (NASDAQ:URBN) was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating in a report issued on Tuesday, The Fly reports.
URBN has been the subject of a number of other reports. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $44.00 to $40.00 in a research report on Friday, October 22nd. BMO Capital Markets increased their target price on shares of Urban Outfitters from $35.00 to $37.00 and gave the company a “market perform” rating in a research report on Wednesday, August 25th. Wells Fargo & Company dropped their price objective on shares of Urban Outfitters from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, October 15th. JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Monday, August 16th. Finally, MKM Partners upped their price objective on shares of Urban Outfitters from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, August 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.42.
Shares of NASDAQ URBN opened at $36.90 on Tuesday. The company’s fifty day moving average price is $31.97 and its 200 day moving average price is $35.59. Urban Outfitters has a 1 year low of $24.40 and a 1 year high of $42.10. The company has a market capitalization of $3.63 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 0.59 and a beta of 1.57.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Monday, August 23rd. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.51. Urban Outfitters had a net margin of 6.91% and a return on equity of 18.77%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 44.4% compared to the same quarter last year. As a group, equities analysts predict that Urban Outfitters will post 3.33 earnings per share for the current fiscal year.
In other news, CAO Azeez Hayne sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 3rd. The shares were sold at an average price of $35.00, for a total value of $38,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 27.50% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in Urban Outfitters in the third quarter valued at approximately $7,563,000. Cubist Systematic Strategies LLC raised its holdings in Urban Outfitters by 15.8% in the third quarter. Cubist Systematic Strategies LLC now owns 179,630 shares of the apparel retailer’s stock valued at $5,333,000 after acquiring an additional 24,493 shares in the last quarter. Man Group plc raised its holdings in Urban Outfitters by 98.6% in the third quarter. Man Group plc now owns 236,958 shares of the apparel retailer’s stock valued at $7,035,000 after acquiring an additional 117,632 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Urban Outfitters in the third quarter valued at approximately $718,000. Finally, Tudor Investment Corp Et Al raised its holdings in Urban Outfitters by 113.3% during the third quarter. Tudor Investment Corp Et Al now owns 109,261 shares of the apparel retailer’s stock worth $3,244,000 after purchasing an additional 58,038 shares in the last quarter. 68.64% of the stock is currently owned by hedge funds and other institutional investors.
Urban Outfitters Company Profile
Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.