Urban Outfitters, Inc. (URBN) PT Raised to $21.00 at Royal Bank Of Canada
Urban Outfitters, Inc. (NASDAQ:URBN) had its price target boosted by Royal Bank Of Canada from $17.00 to $21.00 in a report released on Wednesday. The brokerage presently has a “sector perform” rating on the apparel retailer’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 24.85% from the stock’s current price.
Several other brokerages have also recently issued reports on URBN. Deutsche Bank AG restated a “hold” rating and issued a $18.00 price target (down previously from $19.00) on shares of Urban Outfitters in a research report on Friday, August 11th. FBR & Co dropped their target price on Urban Outfitters from $24.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Urban Outfitters in a research report on Tuesday. UBS AG reiterated a “neutral” rating and set a $21.00 target price (down previously from $25.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. Finally, Wolfe Research cut Urban Outfitters from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, May 9th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have assigned a buy rating to the stock. Urban Outfitters has an average rating of “Hold” and a consensus price target of $25.21.
Urban Outfitters (NASDAQ:URBN) opened at 16.82 on Wednesday. The firm 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 one year low of $16.19 and a one year high of $40.80. The stock has a 50 day moving average price of $18.44 and a 200-day moving average price of $21.65. Urban Outfitters also was the target of unusually large options trading on Monday. Traders bought 32,160 put options on the company. This represents an increase of approximately 763% compared to the typical daily volume of 3,727 put options.
Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The business had revenue of $873 million for the quarter, compared to analysts’ expectations 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 was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, analysts predict that Urban Outfitters will post $1.37 earnings per share for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in URBN. BlackRock Inc. increased its stake in Urban Outfitters by 9,872.9% in the first quarter. BlackRock Inc. now owns 13,405,864 shares of the apparel retailer’s stock worth $318,523,000 after buying an additional 13,271,441 shares during the last quarter. Shapiro Capital Management LLC increased its stake in Urban Outfitters by 586.5% in the second quarter. Shapiro Capital Management LLC now owns 8,827,740 shares of the apparel retailer’s stock worth $163,666,000 after buying an additional 7,541,840 shares during the last quarter. FMR LLC increased its stake in Urban Outfitters by 2.4% in the second quarter. FMR LLC now owns 5,986,454 shares of the apparel retailer’s stock worth $110,988,000 after buying an additional 139,356 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Urban Outfitters by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock worth $72,803,000 after buying an additional 10,249 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Urban Outfitters by 84.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,199,015 shares of the apparel retailer’s stock worth $59,310,000 after buying an additional 1,462,130 shares during the last quarter. Institutional investors and hedge funds 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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