Urban Outfitters (NASDAQ:URBN) had its target price increased by analysts at Wolfe Research from $31.00 to $34.00 in a report issued on Tuesday. The brokerage presently has an “outperform” rating on the apparel retailer’s stock. Wolfe Research’s price objective would indicate a potential upside of 5.36% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Royal Bank of Canada increased their price objective on Urban Outfitters from $17.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 16th. KeyCorp set a $26.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 16th. SunTrust Banks reiterated a “buy” rating on shares of Urban Outfitters in a research report on Wednesday, August 16th. B. Riley reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Wednesday, November 1st. Finally, Telsey Advisory Group increased their price objective on Urban Outfitters from $30.00 to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and an average price target of $24.93.

Urban Outfitters (NASDAQ:URBN) traded down $0.82 on Tuesday, reaching $32.27. The company had a trading volume of 3,708,900 shares, compared to its average volume of 3,441,086. Urban Outfitters has a twelve month low of $16.19 and a twelve month high of $34.23. The company has a market cap of $3,581.94, a PE ratio of 21.63, a PEG ratio of 1.78 and a beta of 0.73.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The business had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. During the same quarter in the prior year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. sell-side analysts predict that Urban Outfitters will post 1.55 EPS for the current year.

Urban Outfitters declared that its Board of Directors has approved a share buyback program on Thursday, August 24th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the apparel retailer to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empirical Finance LLC boosted its stake in Urban Outfitters by 45.9% in the third quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock valued at $2,322,000 after buying an additional 30,559 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Urban Outfitters by 39.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock valued at $572,000 after buying an additional 8,800 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Urban Outfitters by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock valued at $72,803,000 after buying an additional 10,249 shares in the last quarter. First Trust Advisors LP boosted its stake in Urban Outfitters by 2.9% in the second quarter. First Trust Advisors LP now owns 370,822 shares of the apparel retailer’s stock valued at $6,875,000 after buying an additional 10,503 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Urban Outfitters by 11.0% in the second quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock valued at $2,577,000 after buying an additional 13,795 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

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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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