Urban Outfitters (URBN) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Urban Outfitters (NASDAQ:URBN) in a research note published on Wednesday, Briefing.com Automated Import reports. Telsey Advisory Group currently has a $29.00 price target on the apparel retailer’s stock, down from their previous price target of $33.00.

URBN has been the subject of a number of other research reports. Wells Fargo & Co reduced their price target on Urban Outfitters from $35.00 to $30.00 and set a market perform rating for the company in a report on Wednesday, March 6th. Zacks Investment Research upgraded Urban Outfitters from a sell rating to a hold rating in a report on Monday, March 4th. ValuEngine upgraded Urban Outfitters from a sell rating to a hold rating in a report on Thursday, March 7th. Nomura reduced their price target on Urban Outfitters from $35.00 to $32.00 and set a neutral rating for the company in a report on Wednesday, March 6th. Finally, DA Davidson reduced their price target on Urban Outfitters to $30.00 and set a neutral rating for the company in a report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. Urban Outfitters has an average rating of Hold and a consensus price target of $38.04.

Shares of NASDAQ URBN opened at $24.43 on Wednesday. The stock has a market capitalization of $2.53 billion, a PE ratio of 8.88, a P/E/G ratio of 0.93 and a beta of 0.53. Urban Outfitters has a fifty-two week low of $23.65 and a fifty-two week high of $52.50.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. Urban Outfitters had a return on equity of 20.02% and a net margin of 7.31%. The business had revenue of $864.41 million during the quarter, compared to analysts’ expectations of $857.31 million. During the same quarter last year, the company posted $0.38 earnings per share. On average, sell-side analysts expect that Urban Outfitters will post 2.59 earnings per share for the current fiscal year.

In other news, Director Joel S. Lawson III sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $29.31, for a total transaction of $293,100.00. Following the completion of the sale, the director now owns 17,000 shares in the company, valued at $498,270. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Trish Donnelly sold 9,144 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $34.00, for a total value of $310,896.00. Following the sale, the chief executive officer now owns 10,295 shares of the company’s stock, valued at approximately $350,030. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,200 shares of company stock valued at $3,237,851. Corporate insiders own 24.80% of the company’s stock.

Several large investors have recently modified their holdings of URBN. Oregon Public Employees Retirement Fund boosted its holdings in shares of Urban Outfitters by 3,059.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock worth $30,000 after acquiring an additional 971,424 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at approximately $31,000. Bessemer Group Inc. raised its position in shares of Urban Outfitters by 105.5% in the fourth quarter. Bessemer Group Inc. now owns 972 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 499 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Urban Outfitters by 114.9% in the first quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock valued at $35,000 after buying an additional 631 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Urban Outfitters by 178.1% in the first quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock valued at $37,000 after buying an additional 789 shares in the last quarter. Institutional investors own 71.91% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

Featured Story: Straddles

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.