Urban Outfitters Inc. (URBN) Given “Neutral” Rating at MKM Partners
MKM Partners restated their neutral rating on shares of Urban Outfitters Inc. (NASDAQ:URBN) in a report released on Wednesday. They currently have a $36.00 price target on the apparel retailer’s stock.
Other analysts have also issued research reports about the company. BMO Capital Markets restated an average rating and set a $28.00 target price on shares of Urban Outfitters in a report on Thursday, July 7th. Citigroup Inc. upped their target price on Urban Outfitters from $35.00 to $42.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Evercore ISI upgraded Urban Outfitters from a hold rating to a buy rating and upped their target price for the stock from $38.00 to $40.00 in a report on Wednesday, August 17th. Goldman Sachs Group Inc. upped their target price on Urban Outfitters from $29.00 to $33.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Finally, Stifel Nicolaus upped their target price on Urban Outfitters from $35.00 to $40.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Twenty-two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $35.78.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 2.767% during mid-day trading on Wednesday, hitting $34.965. The company had a trading volume of 214,874 shares. The company has a 50-day moving average price of $35.85 and a 200-day moving average price of $31.10. Urban Outfitters has a 1-year low of $19.26 and a 1-year high of $37.82. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 18.005 and a beta of 0.91.
Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.10. The company earned $890.57 million during the quarter, compared to analyst estimates of $886.39 million. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. Urban Outfitters’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, equities analysts anticipate that Urban Outfitters will post $2.06 EPS for the current year.
In other Urban Outfitters news, CFO Frank Conforti sold 4,000 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $37.42, for a total transaction of $149,680.00. Following the transaction, the chief financial officer now owns 4,000 shares of the company’s stock, valued at $149,680. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 24.30% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of Urban Outfitters by 70.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,758 shares of the apparel retailer’s stock worth $104,000 after buying an additional 1,550 shares in the last quarter. Robecosam AG acquired a new position in shares of Urban Outfitters during the second quarter worth approximately $108,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Urban Outfitters during the second quarter worth approximately $121,000. LS Investment Advisors LLC increased its position in shares of Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock worth $129,000 after buying an additional 651 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Urban Outfitters during the third quarter worth approximately $220,000. 72.05% of the stock is currently owned by institutional investors and hedge funds.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
Receive News & Stock Ratings for Urban Outfitters Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters Inc. and related stocks with our FREE daily email newsletter.