Urban Outfitters, Inc. (NASDAQ:URBN) was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report issued on Tuesday.

Several other equities analysts also recently weighed in on URBN. BidaskClub upgraded shares of Urban Outfitters from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. BMO Capital Markets set a $20.00 price target on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Tuesday, August 8th. Deutsche Bank AG reiterated a “hold” rating and issued a $18.00 price target (down previously from $19.00) on shares of Urban Outfitters in a report on Friday, August 11th. FBR & Co cut their price target on shares of Urban Outfitters from $24.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Urban Outfitters in a report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and ten have assigned a buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and an average target price of $23.93.

Urban Outfitters (NASDAQ URBN) opened at $29.80 on Tuesday. Urban Outfitters has a fifty-two week low of $16.19 and a fifty-two week high of $36.49. The stock has a market cap of $3,262.75, a PE ratio of 19.16, a PEG ratio of 1.71 and a beta of 0.62.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data 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. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The firm had revenue of $892.77 million for the quarter, compared to the consensus estimate of $860.64 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. research analysts forecast that Urban Outfitters will post 1.49 earnings per share for the current fiscal year.

Urban Outfitters announced that its Board of Directors has initiated a share repurchase program on Thursday, August 24th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the apparel retailer to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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Several large investors have recently modified their holdings of URBN. Teachers Retirement System of The State of Kentucky increased its position in shares of Urban Outfitters by 71.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 19,400 shares of the apparel retailer’s stock worth $461,000 after purchasing an additional 8,100 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Urban Outfitters by 2.5% during the 2nd quarter. Capstone Asset Management Co. now owns 15,738 shares of the apparel retailer’s stock worth $292,000 after purchasing an additional 380 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Urban Outfitters by 12.5% during the 2nd quarter. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer’s stock worth $176,000 after purchasing an additional 1,052 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Urban Outfitters by 3.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,100 shares of the apparel retailer’s stock worth $428,000 after purchasing an additional 800 shares during the last quarter. Finally, Aperio Group LLC acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth about $370,000. 87.35% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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