Urban Outfitters (NASDAQ:URBN) Raised to “Sell” at BidaskClub

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BidaskClub upgraded shares of Urban Outfitters (NASDAQ:URBN) from a strong sell rating to a sell rating in a report published on Tuesday morning, BidAskClub reports.

URBN has been the topic of a number of other reports. Robert W. Baird reissued an outperform rating and set a $127.00 price target (down from $133.00) on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Wells Fargo & Co reissued a hold rating and set a $175.00 price target on shares of Advance Auto Parts in a report on Wednesday, May 22nd. Wedbush set a $26.00 price target on Urban Outfitters and gave the company a hold rating in a report on Friday, May 17th. Nomura raised their price target on TJX Companies from $55.00 to $57.00 and gave the company a buy rating in a report on Wednesday, May 22nd. Finally, MKM Partners raised their target price on TJX Companies to $62.00 in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. Urban Outfitters has an average rating of Hold and a consensus target price of $37.49.

Shares of URBN opened at $23.38 on Tuesday. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 0.86 and a beta of 0.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.76 and a quick ratio of 1.13. Urban Outfitters has a one year low of $22.19 and a one year high of $52.50. The company’s fifty day simple moving average is $23.40.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $864.41 million for the quarter, compared to analyst estimates of $857.31 million. Urban Outfitters had a return on equity of 20.07% and a net margin of 7.31%. During the same period last year, the company earned $0.38 earnings per share. On average, research analysts expect that Urban Outfitters will post 2.43 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in shares of Urban Outfitters by 4.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,378 shares of the apparel retailer’s stock worth $677,000 after buying an additional 848 shares during the last quarter. Texas Permanent School Fund increased its holdings in shares of Urban Outfitters by 2.8% in the 4th quarter. Texas Permanent School Fund now owns 49,308 shares of the apparel retailer’s stock worth $1,637,000 after buying an additional 1,321 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Urban Outfitters by 16.3% in the 4th quarter. Advisor Group Inc. now owns 19,222 shares of the apparel retailer’s stock worth $638,000 after buying an additional 2,694 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Urban Outfitters in the 4th quarter worth about $247,000. Finally, Bessemer Group Inc. increased its holdings in shares of Urban Outfitters by 105.5% in the 4th quarter. Bessemer Group Inc. now owns 972 shares of the apparel retailer’s stock worth $32,000 after buying an additional 499 shares during the last quarter. Institutional investors and hedge funds own 77.77% 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.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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