Urban Outfitters (NASDAQ:URBN) Stock Rating Upgraded by Wall Street Zen

Urban Outfitters (NASDAQ:URBN) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Other research analysts also recently issued reports about the company. Telsey Advisory Group raised Urban Outfitters from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $85.00 to $98.00 in a research note on Wednesday, December 17th. JPMorgan Chase & Co. increased their price target on Urban Outfitters from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. The Goldman Sachs Group began coverage on shares of Urban Outfitters in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $83.00 price objective for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Urban Outfitters in a research note on Wednesday, November 26th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Urban Outfitters in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Urban Outfitters Trading Down 1.5%

Urban Outfitters stock opened at $80.12 on Friday. Urban Outfitters has a 1-year low of $41.89 and a 1-year high of $83.94. The firm’s fifty day simple moving average is $70.09 and its 200-day simple moving average is $71.63. The company has a market capitalization of $7.19 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.22 and a beta of 1.20.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Wednesday, December 10th. The apparel retailer reported $1.28 EPS for the quarter. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.33%. The firm had revenue of $1.53 billion for the quarter. On average, equities research analysts predict that Urban Outfitters will post 3.91 earnings per share for the current year.

Insider Transactions at Urban Outfitters

In related news, insider Margaret Hayne sold 9,333 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $82.53, for a total transaction of $770,252.49. Following the transaction, the insider directly owned 2,290,727 shares in the company, valued at $189,053,699.31. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard A. Hayne sold 10,667 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $82.53, for a total value of $880,347.51. Following the completion of the sale, the chief executive officer owned 17,857,267 shares of the company’s stock, valued at $1,473,760,245.51. This represents a 0.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 232,733 shares of company stock worth $17,863,752. 31.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently bought and sold shares of URBN. Dimensional Fund Advisors LP raised its stake in shares of Urban Outfitters by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,675,936 shares of the apparel retailer’s stock valued at $262,578,000 after buying an additional 142,909 shares in the last quarter. American Century Companies Inc. increased its stake in Urban Outfitters by 23.1% in the third quarter. American Century Companies Inc. now owns 2,879,092 shares of the apparel retailer’s stock valued at $205,654,000 after acquiring an additional 540,877 shares during the period. Fisher Asset Management LLC raised its position in Urban Outfitters by 2.8% in the third quarter. Fisher Asset Management LLC now owns 1,847,922 shares of the apparel retailer’s stock worth $131,997,000 after purchasing an additional 50,837 shares in the last quarter. Junto Capital Management LP raised its position in Urban Outfitters by 16.5% in the first quarter. Junto Capital Management LP now owns 1,728,447 shares of the apparel retailer’s stock worth $90,571,000 after purchasing an additional 244,801 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Urban Outfitters by 0.9% during the second quarter. Geode Capital Management LLC now owns 1,525,150 shares of the apparel retailer’s stock worth $110,646,000 after purchasing an additional 12,965 shares during the period. Institutional investors and hedge funds own 77.61% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc is a global lifestyle retailer headquartered in Philadelphia, Pennsylvania. Established in 1970 by Richard Hayne, Scott Belair and Judy Wicks, the company began as a single store catering to college students in the city’s historic Old City neighborhood. Over the decades, Urban Outfitters has expanded its reach and diversified its portfolio to include multiple retail concepts addressing distinct customer segments.

The company operates through several well-known brands, each offering a curated selection of apparel, footwear, accessories and home goods.