Urban Outfitters’ (URBN) Buy Rating Reiterated at Buckingham Research
Urban Outfitters (NASDAQ:URBN)‘s stock had its “buy” rating reaffirmed by analysts at Buckingham Research in a research report issued to clients and investors on Thursday, Marketbeat reports. They currently have a $42.00 price target on the apparel retailer’s stock, up from their prior price target of $32.00. Buckingham Research’s price objective suggests a potential upside of 22.66% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. B. Riley restated a “neutral” rating on shares of Urban Outfitters in a report on Wednesday, November 1st. Wolfe Research upgraded Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Wednesday, November 15th. Royal Bank of Canada reiterated a “hold” rating and set a $21.00 price target on shares of Urban Outfitters in a report on Monday, September 18th. SunTrust Banks set a $35.00 price target on Urban Outfitters and gave the company a “buy” rating in a report on Monday, December 11th. Finally, KeyCorp increased their price target on Urban Outfitters to $3.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have issued a buy rating to the company’s stock. Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $26.03.
Urban Outfitters (NASDAQ:URBN) traded up $1.30 during trading hours on Thursday, reaching $34.24. The company had a trading volume of 2,665,700 shares, compared to its average volume of 3,385,400. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $36.10. The firm has a market capitalization of $3,770.00, a P/E ratio of 22.83, a P/E/G ratio of 1.83 and a beta of 0.73.
Institutional investors and hedge funds have recently bought and sold shares of the company. Sun Life Financial INC bought a new stake in shares of Urban Outfitters in the second quarter valued at approximately $151,000. Pacad Investment Ltd. bought a new stake in shares of Urban Outfitters in the second quarter valued at approximately $191,000. BT Investment Management Ltd bought a new stake in shares of Urban Outfitters in the second quarter valued at approximately $196,000. Oppenheimer Asset Management Inc. boosted its position in shares of Urban Outfitters by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock valued at $198,000 after acquiring an additional 43 shares during the period. Finally, Invictus RG bought a new stake in shares of Urban Outfitters in the third quarter valued at approximately $241,000. 86.24% of the stock is owned by 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.
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