Shares of Urban Outfitters, Inc. (NASDAQ:URBN) fell 5.1% during mid-day trading on Friday . The stock traded as low as $22.61 and last traded at $22.68, 5,116,725 shares traded hands during mid-day trading. An increase of 76% from the average session volume of 2,906,466 shares. The stock had previously closed at $23.89.

Several research firms have recently issued reports on URBN. Wedbush reaffirmed a “neutral” rating and issued a $20.00 target price (down from $26.00) on shares of Urban Outfitters in a report on Wednesday. Wolfe Research reduced their target price on Urban Outfitters from $30.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $29.00 target price (down from $33.00) on shares of Urban Outfitters in a report on Wednesday, May 22nd. BidaskClub raised Urban Outfitters from a “sell” rating to a “hold” rating in a report on Friday. Finally, Bank of America reaffirmed a “buy” rating and issued a $28.00 target price (down from $33.00) on shares of Urban Outfitters in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.82.

The firm has a fifty day simple moving average of $22.46 and a two-hundred day simple moving average of $26.62. The firm has a market capitalization of $2.05 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 0.79 and a beta of 0.76. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.76 and a quick ratio of 1.13.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. Urban Outfitters had a return on equity of 17.78% and a net margin of 6.54%. The business had revenue of $962.30 million during the quarter, compared to analyst estimates of $981.40 million. During the same period in the prior year, the company earned $0.84 earnings per share. Urban Outfitters’s revenue was down 3.0% compared to the same quarter last year. On average, research analysts anticipate that Urban Outfitters, Inc. will post 2.29 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Quadrant L P CA boosted its holdings in shares of Urban Outfitters by 807.6% in the second quarter. First Quadrant L P CA now owns 24,914 shares of the apparel retailer’s stock worth $567,000 after acquiring an additional 22,169 shares during the period. Sapience Investments LLC bought a new position in shares of Urban Outfitters in the first quarter worth $5,131,000. Accident Compensation Corp bought a new position in shares of Urban Outfitters in the first quarter worth $1,307,000. Skylands Capital LLC boosted its holdings in shares of Urban Outfitters by 259.3% in the first quarter. Skylands Capital LLC now owns 252,250 shares of the apparel retailer’s stock worth $7,477,000 after acquiring an additional 182,050 shares during the period. Finally, BB&T Corp boosted its holdings in shares of Urban Outfitters by 0.5% in the first quarter. BB&T Corp now owns 80,148 shares of the apparel retailer’s stock worth $2,376,000 after acquiring an additional 394 shares during the period. 74.10% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Company Profile (NASDAQ:URBN)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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