Robert W. Baird Reiterates $39.00 Price Target for Urban Outfitters (URBN)
Several other analysts have also recently issued reports on URBN. Royal Bank of Canada restated a hold rating and issued a $21.00 target price on shares of Urban Outfitters in a report on Monday, September 18th. Jefferies Group restated a buy rating and issued a $25.00 target price on shares of Urban Outfitters in a report on Thursday, September 28th. Deutsche Bank cut Urban Outfitters from a hold rating to a sell rating and dropped their target price for the company from $23.00 to $19.00 in a report on Tuesday, October 3rd. Zacks Investment Research upgraded Urban Outfitters from a hold rating to a buy rating and set a $26.00 target price for the company in a report on Tuesday, October 17th. Finally, B. Riley restated a neutral rating on shares of Urban Outfitters in a report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have given a buy rating to the company’s stock. Urban Outfitters has a consensus rating of Hold and a consensus price target of $26.03.
Shares of Urban Outfitters (NASDAQ:URBN) traded up $1.30 during trading hours on Wednesday, reaching $34.24. The company’s stock had a trading volume of 2,636,000 shares, compared to its average volume of 3,080,000. The stock has a market cap of $3,710.00, a PE ratio of 22.83, a P/E/G ratio of 1.83 and a beta of 0.73. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $36.10.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.08. The company had revenue of $892.77 million during the quarter, compared to analysts’ expectations of $860.64 million. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. equities analysts predict that Urban Outfitters will post 1.56 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of URBN. Sun Life Financial INC acquired a new position in Urban Outfitters during the 2nd quarter worth about $151,000. Pacad Investment Ltd. acquired a new position in Urban Outfitters during the 2nd quarter worth about $191,000. BT Investment Management Ltd acquired a new position in Urban Outfitters during the 2nd quarter worth about $196,000. Oppenheimer Asset Management Inc. lifted its stake in Urban Outfitters by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after acquiring an additional 43 shares in the last quarter. Finally, Invictus RG acquired a new position in Urban Outfitters during the 3rd quarter worth about $241,000. 86.24% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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