Urban Outfitters (NASDAQ:URBN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a buy rating in a research report released on Sunday morning.

Several other research firms have also recently issued reports on URBN. Barclays decreased their price objective on Urban Outfitters from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $89.00 target price on shares of Urban Outfitters in a research note on Monday, July 6th. JPMorgan Chase & Co. increased their target price on Urban Outfitters from $97.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Jefferies Financial Group raised their price target on Urban Outfitters from $72.00 to $79.00 and gave the stock a “hold” rating in a research note on Wednesday, August 12th. Finally, Bank of America lifted their price target on Urban Outfitters from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.73.

Urban Outfitters Stock Performance

URBN stock opened at $75.78 on Friday. The company has a 50 day moving average price of $73.69 and a two-hundred day moving average price of $70.64. The stock has a market capitalization of $6.49 billion, a P/E ratio of 14.55, a PEG ratio of 1.41 and a beta of 1.23. Urban Outfitters has a one year low of $59.53 and a one year high of $84.35.

Institutional Trading of Urban Outfitters

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Jupiter Asset Management Ltd. lifted its stake in shares of Urban Outfitters by 33.8% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,297,452 shares of the apparel retailer’s stock worth $97,646,000 after purchasing an additional 327,453 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Urban Outfitters by 883.4% in the fourth quarter. HighTower Advisors LLC now owns 43,081 shares of the apparel retailer’s stock valued at $3,242,000 after buying an additional 38,700 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at about $7,539,000. UBS Group AG raised its holdings in shares of Urban Outfitters by 339.3% during the 4th quarter. UBS Group AG now owns 641,454 shares of the apparel retailer’s stock valued at $48,276,000 after buying an additional 495,441 shares during the period. Finally, Norges Bank purchased a new stake in shares of Urban Outfitters during the 4th quarter valued at about $44,191,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

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.