Urban Outfitters (NASDAQ:URBN) Shares Gap Down Following Analyst Downgrade


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Urban Outfitters, Inc. (NASDAQ:URBN) shares gapped down prior to trading on Wednesday after Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered their price target on the stock from $33.00 to $31.00. The stock had previously closed at $30.31, but opened at $27.70. Urban Outfitters shares last traded at $28.08, with a volume of 37,029 shares changing hands.

A number of other analysts have also weighed in on URBN. UBS Group upped their price objective on Urban Outfitters from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, December 17th. Smith Barney Citigroup lowered their target price on shares of Urban Outfitters from $33.00 to $31.00 in a research note on Wednesday. Wells Fargo & Company downgraded Urban Outfitters from an “overweight” rating to an “equal weight” rating and set a $28.00 target price for the company. in a report on Tuesday, November 17th. BMO Capital Markets raised their price target on Urban Outfitters from $21.00 to $29.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 24th. Finally, Barclays lifted their price target on Urban Outfitters from $26.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.05.

In other news, CEO Trish Donnelly sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $29.00, for a total value of $435,000.00. Following the transaction, the chief executive officer now owns 13,589 shares of the company’s stock, valued at $394,081. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 30.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Cerebellum GP LLC purchased a new stake in shares of Urban Outfitters in the third quarter valued at approximately $60,000. Handelsbanken Fonder AB purchased a new stake in shares of Urban Outfitters in the second quarter valued at approximately $190,000. Guggenheim Capital LLC purchased a new stake in shares of Urban Outfitters in the third quarter valued at approximately $204,000. Fox Run Management L.L.C. purchased a new stake in shares of Urban Outfitters in the third quarter valued at approximately $206,000. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of Urban Outfitters in the third quarter valued at approximately $210,000. Hedge funds and other institutional investors own 73.31% of the company’s stock.

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.65 and a quick ratio of 1.19. The stock has a market capitalization of $2.81 billion, a PE ratio of -95.80 and a beta of 1.54. The stock has a 50 day moving average of $27.17 and a two-hundred day moving average of $22.85.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Sunday, November 22nd. The apparel retailer reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.33. Urban Outfitters had a positive return on equity of 0.78% and a negative net margin of 0.81%. During the same period in the prior year, the firm earned $0.56 EPS. As a group, research analysts predict that Urban Outfitters, Inc. will post -0.07 earnings per share for the current fiscal year.

Urban Outfitters Company Profile (NASDAQ:URBN)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, wholesale, and Subscription. 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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