ValuEngine cut shares of Urban Outfitters (NASDAQ:URBN) from a buy rating to a hold rating in a research note released on Friday morning.

Several other research firms also recently issued reports on URBN. MKM Partners upped their target price on Urban Outfitters to $47.00 and gave the company a neutral rating in a research report on Wednesday, August 22nd. BidaskClub raised Urban Outfitters from a hold rating to a buy rating in a research report on Saturday, August 11th. Morgan Stanley upped their target price on Urban Outfitters from $33.00 to $40.00 and gave the company an equal weight rating in a research report on Thursday, May 24th. Deutsche Bank upped their target price on Urban Outfitters from $35.00 to $39.00 and gave the company a sell rating in a research report on Wednesday, August 22nd. Finally, B. Riley upped their target price on Urban Outfitters from $37.00 to $42.00 and gave the company a neutral rating in a research report on Thursday, May 24th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $46.77.

Shares of NASDAQ URBN traded down $1.72 during mid-day trading on Friday, hitting $42.53. The stock had a trading volume of 2,695,750 shares, compared to its average volume of 3,330,484. Urban Outfitters has a twelve month low of $21.76 and a twelve month high of $52.50. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.38 and a beta of 0.47.

Urban Outfitters (NASDAQ:URBN) last released its earnings results 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. Urban Outfitters had a return on equity of 18.92% and a net margin of 4.71%. The firm had revenue of $992.50 million for the quarter, compared to the consensus estimate of $980.19 million. During the same period in the prior year, the firm earned $0.44 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. sell-side analysts predict that Urban Outfitters will post 2.66 earnings per share for the current year.

In other Urban Outfitters news, General Counsel Azeez Hayne sold 7,777 shares of the stock in a transaction dated Tuesday, July 3rd. The stock was sold at an average price of $46.28, for a total transaction of $359,919.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Trish Donnelly sold 19,332 shares of the stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $46.10, for a total value of $891,205.20. The disclosure for this sale can be found here. Insiders have sold a total of 37,109 shares of company stock worth $1,707,725 over the last ninety days. 25.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in URBN. PNC Financial Services Group Inc. boosted its stake in shares of Urban Outfitters by 5.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 19,764 shares of the apparel retailer’s stock worth $881,000 after acquiring an additional 1,107 shares in the last quarter. Advisors Preferred LLC boosted its stake in shares of Urban Outfitters by 50.2% during the 2nd quarter. Advisors Preferred LLC now owns 3,780 shares of the apparel retailer’s stock worth $169,000 after acquiring an additional 1,264 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of Urban Outfitters by 145.5% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,600 shares of the apparel retailer’s stock worth $116,000 after acquiring an additional 1,541 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Urban Outfitters by 3.1% during the 2nd quarter. Arizona State Retirement System now owns 55,831 shares of the apparel retailer’s stock worth $2,487,000 after acquiring an additional 1,680 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Urban Outfitters by 12.6% during the 2nd quarter. Amalgamated Bank now owns 18,060 shares of the apparel retailer’s stock worth $805,000 after acquiring an additional 2,017 shares in the last quarter. 77.30% of the stock is currently owned by institutional investors.

About Urban Outfitters

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.

Further Reading: Compound Annual Growth Rate (CAGR)

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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