Urban Outfitters (NASDAQ:URBN) Cut to Underperform at Jefferies Financial Group

Jefferies Financial Group cut shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to an underperform rating in a report published on Wednesday morning, MarketBeat reports. Jefferies Financial Group currently has $32.00 price objective on the apparel retailer’s stock, down from their previous price objective of $42.00.

Several other analysts also recently issued reports on the company. UBS Group raised their price target on Urban Outfitters from $41.00 to $42.00 and gave the stock a neutral rating in a report on Tuesday, March 5th. BMO Capital Markets raised their target price on Urban Outfitters from $38.00 to $42.00 and gave the company a market perform rating in a research report on Thursday, February 29th. StockNews.com cut Urban Outfitters from a buy rating to a hold rating in a research report on Friday, March 1st. JPMorgan Chase & Co. lowered their price target on Urban Outfitters from $46.00 to $44.00 and set a neutral rating on the stock in a research report on Wednesday, February 28th. Finally, Telsey Advisory Group lifted their price target on Urban Outfitters from $44.00 to $48.00 and gave the company an outperform rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Urban Outfitters currently has a consensus rating of Hold and a consensus target price of $39.67.

Urban Outfitters Stock Down 0.1 %

NASDAQ:URBN opened at $36.98 on Wednesday. The business’s 50 day moving average is $41.84 and its two-hundred day moving average is $38.08. Urban Outfitters has a 52 week low of $25.52 and a 52 week high of $47.29. The company has a market cap of $3.45 billion, a PE ratio of 12.16, a P/E/G ratio of 0.58 and a beta of 1.53.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, February 27th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. As a group, sell-side analysts expect that Urban Outfitters will post 3.53 EPS for the current fiscal year.

Insider Activity at Urban Outfitters

In related news, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total transaction of $254,625.00. Following the completion of the sale, the chief executive officer now owns 6,353 shares of the company’s stock, valued at $258,821.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total transaction of $254,625.00. Following the completion of the sale, the chief executive officer now owns 6,353 shares of the company’s stock, valued at $258,821.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Melanie Marein-Efron sold 6,000 shares of Urban Outfitters stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.72, for a total value of $244,320.00. Following the sale, the chief financial officer now directly owns 908 shares of the company’s stock, valued at approximately $36,973.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,473 shares of company stock valued at $757,483. Insiders own 31.80% of the company’s stock.

Institutional Trading of Urban Outfitters

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in shares of Urban Outfitters by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 42,714 shares of the apparel retailer’s stock worth $1,415,000 after buying an additional 277 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Urban Outfitters by 6.7% in the second quarter. Ameritas Investment Partners Inc. now owns 5,274 shares of the apparel retailer’s stock worth $175,000 after buying an additional 329 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Urban Outfitters by 3.7% in the second quarter. Commonwealth Equity Services LLC now owns 10,314 shares of the apparel retailer’s stock worth $342,000 after buying an additional 367 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Urban Outfitters by 20.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,374 shares of the apparel retailer’s stock worth $57,000 after buying an additional 400 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Urban Outfitters by 89.7% in the fourth quarter. Parallel Advisors LLC now owns 882 shares of the apparel retailer’s stock worth $31,000 after buying an additional 417 shares during the last quarter. Institutional investors and hedge funds own 77.61% of the company’s stock.

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 Nully. 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.