Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received an average rating of “Hold” from the twenty-one brokerages that are currently covering the company, MarketBeat Ratings reports. Fourteen investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $39.11.
A number of equities analysts have issued reports on URBN shares. Royal Bank of Canada increased their price target on Urban Outfitters from $34.00 to $40.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 26th. Deutsche Bank Aktiengesellschaft upped their target price on Urban Outfitters from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, August 25th. Zacks Investment Research lowered Urban Outfitters from a “buy” rating to a “hold” rating and set a $38.00 target price on the stock. in a research report on Thursday, August 19th. BMO Capital Markets upped their target price on Urban Outfitters from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 25th. Finally, Robert W. Baird upped their target price on Urban Outfitters from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 26th.
Institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. increased its position in shares of Urban Outfitters by 998.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 604 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 549 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Urban Outfitters during the 2nd quarter valued at $31,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Urban Outfitters during the 1st quarter valued at $29,000. Exchange Traded Concepts LLC increased its position in shares of Urban Outfitters by 148.3% during the 2nd quarter. Exchange Traded Concepts LLC now owns 1,234 shares of the apparel retailer’s stock valued at $51,000 after purchasing an additional 737 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Urban Outfitters by 521.9% during the 1st quarter. US Bancorp DE now owns 2,071 shares of the apparel retailer’s stock valued at $77,000 after purchasing an additional 1,738 shares during the last quarter. 68.71% of the stock is owned by hedge funds and other institutional investors.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, August 23rd. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.51. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Urban Outfitters had a return on equity of 18.77% and a net margin of 6.91%. The company’s revenue for the quarter was up 44.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. Sell-side analysts forecast that Urban Outfitters will post 3.32 earnings per share for the current fiscal year.
Urban Outfitters Company Profile
Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.
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