Urban Outfitters, Inc. (NASDAQ:URBN) Given a $17.00 Price Target by Royal Bank Of Canada Analysts
Royal Bank Of Canada set a $17.00 price objective on Urban Outfitters, Inc. (NASDAQ:URBN) in a report released on Monday morning. The brokerage currently has a hold rating on the apparel retailer’s stock.
A number of other analysts also recently issued reports on the stock. BMO Capital Markets set a $20.00 price target on shares of Urban Outfitters and gave the company a hold rating in a report on Thursday, July 6th. Morgan Stanley reaffirmed an equal weight rating and set a $17.00 price target (down previously from $19.00) on shares of Urban Outfitters in a report on Monday, June 12th. MKM Partners reaffirmed a sell rating and set a $16.00 price target (down previously from $19.00) on shares of Urban Outfitters in a report on Monday, June 12th. Citigroup Inc reaffirmed a neutral rating and set a $20.00 price target (down previously from $23.00) on shares of Urban Outfitters in a report on Sunday, June 11th. Finally, Wells Fargo & Company reaffirmed a market perform rating and set a $16.00 price target (down previously from $18.00) on shares of Urban Outfitters in a report on Friday, June 9th. Three 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 stock. Urban Outfitters presently has an average rating of Hold and an average price target of $25.53.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 3.41% during mid-day trading on Monday, reaching $17.84. 1,909,752 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $18.18 and its 200-day moving average price is $22.82. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 10.41 and a beta of 0.65. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $40.80.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $761.20 million for the quarter, compared to analysts’ expectations of $768.95 million. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. The business’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. Equities research analysts forecast that Urban Outfitters will post $1.42 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank raised its position in Urban Outfitters by 93.7% in the fourth quarter. Comerica Bank now owns 41,470 shares of the apparel retailer’s stock valued at $1,122,000 after buying an additional 20,058 shares during the last quarter. Credit Agricole S A raised its position in Urban Outfitters by 11.2% in the fourth quarter. Credit Agricole S A now owns 18,080 shares of the apparel retailer’s stock valued at $515,000 after buying an additional 1,816 shares during the last quarter. Allianz Asset Management AG purchased a new position in Urban Outfitters during the fourth quarter valued at approximately $548,000. GSA Capital Partners LLP purchased a new position in Urban Outfitters during the fourth quarter valued at approximately $347,000. Finally, Norges Bank purchased a new position in Urban Outfitters during the fourth quarter valued at approximately $27,485,000. 82.91% of the stock is owned by institutional investors.
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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