Urban Outfitters, Inc. (URBN) Earns “Hold” Rating from Deutsche Bank AG
Urban Outfitters, Inc. (NASDAQ:URBN)‘s stock had its “hold” rating reaffirmed by Deutsche Bank AG in a research note issued on Friday. They currently have a $18.00 price objective on the apparel retailer’s stock, down from their prior price objective of $19.00. Deutsche Bank AG’s price objective points to a potential upside of 1.35% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company reaffirmed a “market perform” rating and set a $16.00 price target (down from $18.00) on shares of Urban Outfitters in a report on Friday, June 9th. Wolfe Research cut Urban Outfitters from an “outperform” rating to a “peer perform” rating in a report on Tuesday, May 9th. Bank of America Corporation reaffirmed a “buy” rating and set a $25.00 price target (down from $30.00) on shares of Urban Outfitters in a report on Wednesday, May 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Urban Outfitters in a report on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $22.00 price target on Urban Outfitters and gave the company a “hold” rating in a report on Monday, May 15th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have given a buy rating to the company’s stock. Urban Outfitters currently has a consensus rating of “Hold” and an average price target of $25.28.
Shares of Urban Outfitters (NASDAQ:URBN) traded up 3.32% on Friday, reaching $17.76. The company’s stock had a trading volume of 4,903,574 shares. The stock has a 50-day moving average of $18.40 and a 200 day moving average of $21.90. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $40.80. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 10.37 and a beta of 0.66.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.03. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. The business had revenue of $761.20 million for the quarter, compared to analyst estimates of $768.95 million. During the same period in the prior year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts expect that Urban Outfitters will post $1.39 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of the company. Robecosam AG boosted its position in Urban Outfitters by 22.0% in the first quarter. Robecosam AG now owns 6,100 shares of the apparel retailer’s stock worth $149,000 after buying an additional 1,100 shares during the last quarter. LS Investment Advisors LLC boosted its position 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 worth $176,000 after buying an additional 1,052 shares during the last quarter. Pacad Investment Ltd. acquired a new position in Urban Outfitters during the second quarter worth approximately $191,000. BT Investment Management Ltd acquired a new position in Urban Outfitters during the second quarter worth approximately $196,000. Finally, Oppenheimer Asset Management Inc. boosted its position in Urban Outfitters by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 82.82% 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.
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