Goldman Sachs Group, Inc. (The) Analysts Give Urban Outfitters, Inc. (URBN) a $18.00 Price Target
Urban Outfitters, Inc. (NASDAQ:URBN) has been given a $18.00 price objective by Goldman Sachs Group, Inc. (The) in a research report issued on Wednesday. The brokerage presently has a “sell” rating on the apparel retailer’s stock. Goldman Sachs Group, Inc. (The)’s target price suggests a potential upside of 7.02% from the stock’s current price.
A number of other analysts also recently commented on the company. Robert W. Baird set a $22.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a report on Wednesday. Royal Bank Of Canada upped their price objective on Urban Outfitters from $17.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday. Telsey Advisory Group upped their price objective on Urban Outfitters from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Wednesday. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Urban Outfitters in a report on Tuesday. Finally, FBR & Co dropped their price objective on Urban Outfitters from $24.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday. Four investment 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 currently has an average rating of “Hold” and a consensus price target of $24.96.
Urban Outfitters (NASDAQ:URBN) opened at 16.82 on Wednesday. The stock’s 50 day moving average price is $18.44 and its 200 day moving average price is $21.65. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.82 and a beta of 0.66. Urban Outfitters has a 52-week low of $16.19 and a 52-week high of $40.80. Urban Outfitters also was the target of unusually large options trading on Monday. Stock traders bought 32,160 put options on the company. This represents an increase of 763% compared to the typical volume of 3,727 put options.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 15th. The apparel retailer reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. The business had revenue of $873 million during the quarter, compared to the consensus estimate of $860.80 million. Urban Outfitters had a return on equity of 15.88% and a net margin of 5.66%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. On average, analysts forecast that Urban Outfitters will post $1.37 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in the company. Robecosam AG raised its stake in Urban Outfitters by 22.0% in the first quarter. Robecosam AG now owns 6,100 shares of the apparel retailer’s stock valued at $149,000 after buying an additional 1,100 shares during the period. Sun Life Financial INC acquired a new stake in Urban Outfitters during the second quarter valued at $151,000. LS Investment Advisors LLC raised its stake in Urban Outfitters by 12.5% in the second quarter. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer’s stock valued at $176,000 after buying an additional 1,052 shares during the period. Pacad Investment Ltd. acquired a new stake in Urban Outfitters during the second quarter valued at $191,000. Finally, BT Investment Management Ltd acquired a new stake in Urban Outfitters during the second quarter valued at $196,000. Hedge funds and other institutional investors own 83.99% of the company’s stock.
About Urban Outfitters
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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