BMO Capital Markets Upgrades Urban Outfitters (NASDAQ:URBN) to “Hold”

Urban Outfitters (NASDAQ:URBN) was upgraded by BMO Capital Markets to a “hold” rating in a report released on Tuesday, Zacks reports.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Jefferies Financial Group upped their target price on Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. UBS Group upped their price objective on shares of Urban Outfitters from $80.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Barclays raised their price objective on shares of Urban Outfitters from $100.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Finally, Bank of America upped their price objective on Urban Outfitters from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Urban Outfitters has a consensus rating of “Moderate Buy” and an average price target of $89.75.

Urban Outfitters Stock Down 2.6%

NASDAQ URBN opened at $75.60 on Tuesday. The company has a market cap of $6.47 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.22 and a beta of 1.26. Urban Outfitters has a 52 week low of $59.53 and a 52 week high of $85.43. The firm’s 50-day simple moving average is $75.43 and its two-hundred day simple moving average is $71.44.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Thursday, August 27th. The apparel retailer reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. Urban Outfitters had a net margin of 8.79% and a return on equity of 18.64%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm earned $1.58 EPS. Urban Outfitters’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts anticipate that Urban Outfitters will post 6.16 EPS for the current year.

Insider Buying and Selling

In other Urban Outfitters news, CFO Melanie Marein-Efron sold 5,700 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $80.75, for a total transaction of $460,275.00. Following the completion of the sale, the chief financial officer owned 11,323 shares of the company’s stock, valued at $914,332.25. This represents a 33.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 32.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Urban Outfitters

A number of hedge funds have recently modified their holdings of the company. Eurizon Capital SGR S.p.A. bought a new stake in shares of Urban Outfitters in the fourth quarter worth about $27,000. Brown Brothers Harriman & Co. lifted its holdings in Urban Outfitters by 815.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the apparel retailer’s stock worth $28,000 after buying an additional 326 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Urban Outfitters in the 4th quarter worth approximately $33,000. Allworth Financial LP purchased a new position in shares of Urban Outfitters during the second quarter valued at approximately $31,000. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Urban Outfitters by 566.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 440 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle retail company that operates a portfolio of consumer brands serving younger and fashion-conscious customers. Its primary brands include Urban Outfitters, Anthropologie, Free People, FP Movement and Terrain, each offering a distinct combination of apparel, accessories, beauty products, home furnishings and related lifestyle merchandise.

The company also operates Nuuly, a clothing rental and subscription service, as well as food and beverage and hospitality concepts connected with select retail locations.