BidaskClub Lowers Urban Outfitters (URBN) to Strong Sell

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Urban Outfitters (NASDAQ:URBN) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.

A number of other analysts also recently issued reports on URBN. Zacks Investment Research downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, January 21st. ValuEngine downgraded shares of Urban Outfitters from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Telsey Advisory Group restated a “market perform” rating and set a $35.00 price target (down previously from $36.00) on shares of Urban Outfitters in a report on Friday, February 8th. Deutsche Bank set a $33.00 price target on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Friday, February 8th. Finally, B. Riley cut their price target on shares of Urban Outfitters from $52.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, February 14th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $40.24.

Shares of NASDAQ URBN traded down $0.22 during midday trading on Wednesday, reaching $26.51. 2,480,444 shares of the stock were exchanged, compared to its average volume of 2,754,547. The company has a market capitalization of $2.77 billion, a P/E ratio of 9.64, a P/E/G ratio of 0.92 and a beta of 0.53. Urban Outfitters has a twelve month low of $25.96 and a twelve month high of $52.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, March 5th. The apparel retailer reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.05. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 21.03%. During the same quarter last year, the firm earned $0.62 EPS. As a group, equities research analysts forecast that Urban Outfitters will post 2.6 earnings per share for the current fiscal year.

In related news, CEO Trish Donnelly sold 9,144 shares of Urban Outfitters stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $34.00, for a total value of $310,896.00. Following the completion of the sale, the chief executive officer now owns 10,295 shares in the company, valued at approximately $350,030. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward N. Antoian sold 18,006 shares of Urban Outfitters stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $33.23, for a total transaction of $598,339.38. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $664,600. The disclosure for this sale can be found here. Insiders sold a total of 104,200 shares of company stock valued at $3,237,851 in the last quarter. 24.80% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Urban Outfitters by 313.5% in the 1st quarter. Renaissance Technologies LLC now owns 2,408,400 shares of the apparel retailer’s stock valued at $71,385,000 after buying an additional 1,825,963 shares during the period. Norges Bank purchased a new position in Urban Outfitters in the 4th quarter valued at approximately $42,713,000. Oregon Public Employees Retirement Fund boosted its position in Urban Outfitters by 3,059.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock valued at $30,000 after buying an additional 971,424 shares during the period. TIAA CREF Investment Management LLC boosted its position in Urban Outfitters by 115.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,435,098 shares of the apparel retailer’s stock valued at $58,696,000 after buying an additional 770,002 shares during the period. Finally, Natixis boosted its position in Urban Outfitters by 311.6% in the 1st quarter. Natixis now owns 970,788 shares of the apparel retailer’s stock valued at $28,415,000 after buying an additional 734,906 shares during the period. Hedge funds and other institutional investors own 75.45% 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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