Urban Outfitters, Inc. (URBN) Earns Hold Rating from Oppenheimer Holdings, Inc.
Several other analysts have also recently commented on the stock. RBC Capital Markets set a $29.00 target price on shares of Urban Outfitters and gave the company a sector perform rating in a research report on Wednesday. Royal Bank Of Canada dropped their target price on shares of Urban Outfitters from $34.00 to $29.00 and set a sector perform rating for the company in a research report on Wednesday. Telsey Advisory Group dropped their target price on shares of Urban Outfitters from $39.00 to $31.00 and set a market perform rating for the company in a research report on Tuesday. TheStreet cut shares of Urban Outfitters from a buy rating to a hold rating in a research report on Friday, December 23rd. Finally, Vetr upgraded shares of Urban Outfitters from a buy rating to a strong-buy rating and set a $35.50 target price for the company in a research report on Monday, December 19th. Twenty-one research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $35.62.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 27.02 on Tuesday. The company’s 50-day moving average price is $31.71 and its 200-day moving average price is $32.71. The firm has a market cap of $3.14 billion, a PE ratio of 14.04 and a beta of 0.63. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by $0.04. The business had revenue of $862.50 million for the quarter. Urban Outfitters had a net margin of 6.42% and a return on equity of 18.88%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. Equities analysts expect that Urban Outfitters will post $1.92 earnings per share for the current fiscal year.
In related news, General Counsel Azeez Hayne sold 6,260 shares of Urban Outfitters stock in a transaction on Monday, November 14th. The shares were sold at an average price of $39.95, for a total transaction of $250,087.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 24.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Urban Outfitters by 11.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,150 shares of the apparel retailer’s stock worth $109,000 after buying an additional 327 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Urban Outfitters by 70.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,758 shares of the apparel retailer’s stock valued at $104,000 after buying an additional 1,550 shares during the period. Robecosam AG bought a new stake in Urban Outfitters during the second quarter valued at $108,000. LS Investment Advisors LLC increased its stake in Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 651 shares during the period. Finally, Shaker Investments LLC OH bought a new stake in Urban Outfitters during the third quarter valued at $204,000. 76.83% of the stock is owned by institutional investors and hedge funds.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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