Urban Outfitters (URBN) Downgraded by BidaskClub

BidaskClub cut shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a sell rating in a research note released on Tuesday morning.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut Urban Outfitters from a buy rating to a hold rating in a research note on Monday, November 19th. Wedbush restated a hold rating and set a $35.00 price target (down previously from $50.00) on shares of Urban Outfitters in a research note on Thursday, October 11th. B. Riley upgraded Urban Outfitters from a neutral rating to a buy rating and set a $52.00 price target for the company in a research note on Tuesday, October 2nd. DA Davidson began coverage on Urban Outfitters in a research note on Tuesday, September 25th. They set a neutral rating and a $40.00 price target for the company. Finally, ValuEngine cut Urban Outfitters from a buy rating to a hold rating in a research note on Friday, September 14th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $45.41.

Urban Outfitters stock opened at $36.16 on Tuesday. Urban Outfitters has a 12 month low of $29.82 and a 12 month high of $52.50. The company has a market cap of $4.08 billion, a PE ratio of 21.65, a P/E/G ratio of 1.08 and a beta of 0.54.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Monday, November 19th. The apparel retailer reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. Urban Outfitters had a return on equity of 20.65% and a net margin of 5.44%. The business had revenue of $973.50 million during the quarter, compared to analysts’ expectations of $967.82 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, research analysts forecast that Urban Outfitters will post 2.71 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in URBN. Mount Yale Investment Advisors LLC purchased a new position in Urban Outfitters in the second quarter worth $109,000. Point72 Hong Kong Ltd raised its position in Urban Outfitters by 145.5% in the second quarter. Point72 Hong Kong Ltd now owns 2,600 shares of the apparel retailer’s stock worth $116,000 after acquiring an additional 1,541 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Urban Outfitters in the third quarter valued at $149,000. Envestnet Asset Management Inc. grew its holdings in Urban Outfitters by 679.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,710 shares of the apparel retailer’s stock valued at $166,000 after purchasing an additional 3,234 shares during the last quarter. Finally, Advisors Preferred LLC grew its holdings in Urban Outfitters by 50.2% in the second quarter. Advisors Preferred LLC now owns 3,780 shares of the apparel retailer’s stock valued at $169,000 after purchasing an additional 1,264 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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