Deutsche Bank AG lowered shares of Urban Outfitters, Inc. (NASDAQ:URBN) from a hold rating to a sell rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has $19.00 target price on the apparel retailer’s stock, down from their previous target price of $23.00.

A number of other equities analysts have also commented on URBN. MKM Partners set a $16.00 price objective on shares of Urban Outfitters and gave the stock a sell rating in a report on Wednesday, August 16th. BMO Capital Markets set a $20.00 price objective on shares of Urban Outfitters and gave the stock a hold rating in a report on Tuesday, August 8th. Jefferies Group LLC reissued a buy rating and issued a $25.00 target price on shares of Urban Outfitters in a research report on Thursday, September 28th. KeyCorp set a $26.00 target price on shares of Urban Outfitters and gave the stock a buy rating in a research report on Wednesday, August 16th. Finally, SunTrust Banks, Inc. reissued a buy rating on shares of Urban Outfitters in a research report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $22.24.

Urban Outfitters (URBN) opened at 23.13 on Tuesday. The company has a 50-day moving average price of $22.13 and a 200 day moving average price of $20.64. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 15.48 and a beta of 0.63. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $40.80.

Urban Outfitters (NASDAQ:URBN) last issued 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. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.61%. The firm had revenue of $873.00 million for the quarter, compared to analyst estimates of $860.80 million. During the same quarter in the previous year, the business posted $0.66 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts predict that Urban Outfitters will post $1.41 EPS for the current year.

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Urban Outfitters announced that its board has approved a stock repurchase plan on Thursday, August 24th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of Nova Scotia acquired a new stake in Urban Outfitters during the first quarter valued at approximately $251,000. Sun Life Financial INC purchased a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $151,000. Miles Capital Inc. lifted its position in shares of Urban Outfitters by 0.8% in the 1st quarter. Miles Capital Inc. now owns 8,470 shares of the apparel retailer’s stock valued at $201,000 after acquiring an additional 70 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Urban Outfitters by 12.5% in the 2nd quarter. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer’s stock valued at $176,000 after acquiring an additional 1,052 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in shares of Urban Outfitters in the 2nd quarter valued at approximately $191,000. 87.58% of the stock is owned by institutional investors and hedge funds.

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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