Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned a $24.00 price target by research analysts at Bank of America Corporation in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the apparel retailer’s stock. Bank of America Corporation’s price target points to a potential upside of 42.69% from the stock’s current price.

A number of other research firms have also weighed in on URBN. Deutsche Bank AG reiterated a “hold” rating and issued a $18.00 price objective (down from $19.00) on shares of Urban Outfitters in a research report on Friday, August 11th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Urban Outfitters in a research report on Tuesday. FBR & Co lowered their price objective on shares of Urban Outfitters from $24.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday. Royal Bank Of Canada set a $22.00 price objective on shares of Urban Outfitters and gave the company a “hold” rating in a research report on Monday, May 15th. Finally, UBS AG reiterated a “neutral” rating and issued a $21.00 price objective (down from $25.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.92.

Urban Outfitters (NASDAQ:URBN) traded up 19.02% during trading on Wednesday, reaching $20.02. 24,902,504 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $18.44 and a 200 day moving average price of $21.65. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $40.80. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.69 and a beta of 0.66. Urban Outfitters also was the recipient of some unusual options trading activity on Monday. Traders acquired 32,160 put options on the company. This represents an increase of 763% compared to the typical daily volume of 3,727 put options.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. The firm had revenue of $873 million for the quarter, compared to analyst estimates of $860.80 million. During the same period last year, the firm posted $0.66 EPS. Urban Outfitters’s quarterly revenue was down 2.0% on a year-over-year basis. Equities research analysts forecast that Urban Outfitters will post $1.37 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Thompson Investment Management Inc. boosted its stake in shares of Urban Outfitters by 10.2% in the first quarter. Thompson Investment Management Inc. now owns 101,882 shares of the apparel retailer’s stock worth $2,421,000 after buying an additional 9,414 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Urban Outfitters by 1,163.0% in the first quarter. Great West Life Assurance Co. Can now owns 301,564 shares of the apparel retailer’s stock worth $7,168,000 after buying an additional 277,687 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Urban Outfitters by 14.2% in the first quarter. Canada Pension Plan Investment Board now owns 208,762 shares of the apparel retailer’s stock worth $4,960,000 after buying an additional 26,000 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Urban Outfitters by 337.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 40,824 shares of the apparel retailer’s stock worth $970,000 after buying an additional 31,500 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Urban Outfitters during the first quarter worth about $4,158,000. Institutional investors and hedge funds own 83.99% of the company’s stock.

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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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