Urban Outfitters, Inc. (URBN) Receives Hold Rating from Oppenheimer Holdings, Inc.
Urban Outfitters, Inc. (NASDAQ:URBN)‘s stock had its “hold” rating reaffirmed by research analysts at Oppenheimer Holdings, Inc. in a research note issued on Tuesday.
Other research analysts have also recently issued reports about the stock. Bank of America Corporation restated a “buy” rating and issued a $25.00 price objective (down from $30.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. Jefferies Group LLC restated a “buy” rating and issued a $30.00 price objective on shares of Urban Outfitters in a research report on Wednesday, May 17th. Morgan Stanley restated an “equal weight” rating and issued a $19.00 price objective (down from $27.00) on shares of Urban Outfitters in a research report on Friday, May 19th. FBR & Co restated a “hold” rating and issued a $24.00 price objective (down from $28.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $22.00 price objective on shares of Urban Outfitters and gave the stock a “hold” rating in a research report on Monday, May 15th. Four 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. The company currently has a consensus rating of “Hold” and a consensus target price of $25.21.
Shares of Urban Outfitters (URBN) opened at 16.82 on Tuesday. The firm has a market capitalization of $1.95 billion, a P/E ratio of 9.82 and a beta of 0.66. Urban Outfitters has a 1-year low of $16.19 and a 1-year high of $40.80. The stock has a 50 day moving average of $18.44 and a 200-day moving average of $21.65. Urban Outfitters also was the recipient of some unusual options trading on Monday. Investors acquired 32,160 put options on the stock. This represents an increase of 763% compared to the average volume of 3,727 put options.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Urban Outfitters had a return on equity of 15.88% and a net margin of 5.66%. The firm had revenue of $873 million for the quarter, compared to analysts’ expectations of $860.80 million. During the same period in the prior year, the business posted $0.66 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts expect that Urban Outfitters will post $1.37 earnings per share for the current year.
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A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position 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 period. Shapiro Capital Management LLC increased its position 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 period. Renaissance Technologies LLC purchased a new position in Urban Outfitters during the first quarter worth about $48,801,000. Turtle Creek Asset Management Inc. purchased a new position in Urban Outfitters during the first quarter worth about $47,366,000. Finally, Dimensional Fund Advisors LP increased its position 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 period. 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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