Urban Outfitters, Inc. (NASDAQ:URBN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, May 10th.
According to Zacks, “Shares of Urban Outfitters have declined significantly in the past six months and have also underperformed the Zacks categorized industry by a wide margin primarily due to lower-than-expected earnings for the second consecutive quarter. Further, the company’s top-line fell short of the Zacks Consensus Estimate for the third quarter in a row, when the company posted fourth-quarter fiscal 2017 results. Moreover, investors are also concerned by management’s remark over gross margin, which is expected to decline year over year in first-quarter fiscal 2018 on account of rise in delivery and logistic expenses. However, new store openings, increase in direct penetration, growing wholesale operations, technology advancements and merchandising improvements bode well for the long term. Management is also making all possible efforts to enhance the performance of brands through store refurbishment and by bringing in more compelling assortments.”
Other equities analysts have also issued reports about the stock. Wunderlich raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday, January 31st. Credit Suisse Group AG reaffirmed a “hold” rating and set a $28.00 price objective on shares of Urban Outfitters in a research note on Sunday, March 12th. MKM Partners cut shares of Urban Outfitters from a “neutral” rating to a “sell” rating and set a $35.00 price objective on the stock. in a research note on Monday, February 27th. Wedbush reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Monday, February 13th. Finally, Telsey Advisory Group decreased their target price on Urban Outfitters from $39.00 to $31.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 10th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.88.
Urban Outfitters (NASDAQ:URBN) traded up 0.26% during midday trading on Wednesday, reaching $19.45. 4,086,401 shares of the company’s stock traded hands. Urban Outfitters has a 52-week low of $18.76 and a 52-week high of $40.80. The company’s 50-day moving average price is $22.55 and its 200-day moving average price is $27.31. The stock has a market cap of $2.26 billion, a P/E ratio of 11.35 and a beta of 0.66.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The firm had revenue of $761.20 million for the quarter, compared to analysts’ expectations of $768.95 million. Urban Outfitters had a net margin of 6.42% and a return on equity of 18.88%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share. On average, equities analysts predict that Urban Outfitters will post $1.58 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Northern Trust Corp increased its stake in shares of Urban Outfitters by 1.2% in the third quarter. Northern Trust Corp now owns 991,715 shares of the apparel retailer’s stock valued at $34,234,000 after buying an additional 12,115 shares during the last quarter. American International Group Inc. increased its stake in shares of Urban Outfitters by 2.1% in the third quarter. American International Group Inc. now owns 32,077 shares of the apparel retailer’s stock valued at $1,107,000 after buying an additional 666 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Urban Outfitters by 0.9% in the third quarter. California State Teachers Retirement System now owns 191,811 shares of the apparel retailer’s stock valued at $6,621,000 after buying an additional 1,700 shares during the period. State of Tennessee Treasury Department boosted its position in shares of Urban Outfitters by 310.9% in the third quarter. State of Tennessee Treasury Department now owns 79,233 shares of the apparel retailer’s stock valued at $2,736,000 after buying an additional 59,952 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Urban Outfitters by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,397,206 shares of the apparel retailer’s stock valued at $82,752,000 after buying an additional 19,795 shares during the period. 78.05% of the stock is currently owned by hedge funds and other institutional investors.
Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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