Urban Outfitters (NASDAQ:URBN) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Urban Outfitters (NASDAQ:URBN) from a strong sell rating to a sell rating in a research note published on Wednesday morning, ValuEngine reports.

A number of other research firms have also weighed in on URBN. MKM Partners dropped their price objective on Urban Outfitters to $25.00 and set a neutral rating for the company in a research note on Wednesday, August 21st. BidaskClub upgraded Urban Outfitters from a sell rating to a hold rating in a research report on Friday, August 23rd. Morgan Stanley decreased their target price on Urban Outfitters from $42.00 to $34.00 and set an overweight rating on the stock in a research report on Monday, August 19th. KeyCorp reiterated a hold rating on shares of Urban Outfitters in a research report on Wednesday, August 21st. Finally, Robert W. Baird decreased their target price on Urban Outfitters from $26.00 to $25.00 and set a neutral rating on the stock in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $28.82.

Shares of NASDAQ URBN traded down $0.87 during mid-day trading on Wednesday, reaching $23.86. The company’s stock had a trading volume of 3,922,678 shares, compared to its average volume of 3,674,945. The firm has a market capitalization of $2.42 billion, a PE ratio of 10.09, a P/E/G ratio of 1.05 and a beta of 0.72. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.60 and a quick ratio of 0.89. The stock has a fifty day moving average of $22.33 and a two-hundred day moving average of $26.08. Urban Outfitters has a 52 week low of $19.63 and a 52 week high of $45.24.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $962.30 million during the quarter, compared to analyst estimates of $981.40 million. Urban Outfitters had a return on equity of 18.10% and a net margin of 6.54%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. Analysts anticipate that Urban Outfitters will post 2.3 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its position in Urban Outfitters by 114.9% during the first quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 631 shares during the period. Signaturefd LLC raised its position in Urban Outfitters by 178.1% during the first quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock valued at $37,000 after purchasing an additional 789 shares during the period. Huntington National Bank raised its position in Urban Outfitters by 136.4% during the second quarter. Huntington National Bank now owns 1,300 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 750 shares during the period. Royce & Associates LP purchased a new stake in Urban Outfitters during the first quarter valued at approximately $50,000. Finally, Twin Tree Management LP purchased a new stake in Urban Outfitters during the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 74.10% of the company’s stock.

Urban Outfitters Company Profile

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.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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