Urban Outfitters (NASDAQ:URBN) Shares Down 7.5% on Analyst Downgrade

Urban Outfitters, Inc. (NASDAQ:URBNGet Rating) was down 7.5% during trading on Wednesday after B. Riley lowered their price target on the stock from $44.00 to $39.00. B. Riley currently has a na rating on the stock. Urban Outfitters traded as low as $21.63 and last traded at $21.85. Approximately 17,961 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 1,595,964 shares. The stock had previously closed at $23.63.

URBN has been the topic of several other research reports. Barclays lowered shares of Urban Outfitters from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $34.00 to $29.00 in a report on Friday, April 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Urban Outfitters from $42.00 to $35.00 in a report on Wednesday, February 16th. Zacks Investment Research lowered shares of Urban Outfitters from a “hold” rating to a “sell” rating and set a $31.00 price objective on the stock. in a research note on Tuesday, January 25th. StockNews.com assumed coverage on shares of Urban Outfitters in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Wells Fargo & Company decreased their price target on shares of Urban Outfitters from $34.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $35.50.

In related news, CAO Azeez Hayne sold 5,000 shares of Urban Outfitters stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $26.61, for a total transaction of $133,050.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 28.90% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Amplius Wealth Advisors LLC bought a new stake in Urban Outfitters in the fourth quarter worth about $31,000. Steward Partners Investment Advisory LLC raised its position in Urban Outfitters by 1,544.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,644 shares of the apparel retailer’s stock worth $48,000 after acquiring an additional 1,544 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Urban Outfitters in the fourth quarter worth about $67,000. Macquarie Group Ltd. raised its position in Urban Outfitters by 186.8% in the third quarter. Macquarie Group Ltd. now owns 2,710 shares of the apparel retailer’s stock worth $80,000 after acquiring an additional 1,765 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in Urban Outfitters in the third quarter worth about $149,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

The stock has a 50 day moving average of $25.04 and a two-hundred day moving average of $28.23. The stock has a market cap of $2.12 billion, a PE ratio of 7.57, a PEG ratio of 0.43 and a beta of 1.42.

Urban Outfitters (NASDAQ:URBNGet Rating) last released its earnings results on Tuesday, March 1st. The apparel retailer reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.08). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Urban Outfitters had a net margin of 6.83% and a return on equity of 18.55%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. On average, analysts expect that Urban Outfitters, Inc. will post 2.96 earnings per share for the current fiscal year.

Urban Outfitters Company Profile (NASDAQ:URBN)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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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