Analysts Set Urban Outfitters Inc. (URBN) PT at $35.60
Urban Outfitters Inc. (NASDAQ:URBN) has earned an average recommendation of “Hold” from the thirty-seven brokerages that are currently covering the company. Twenty-two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $35.76.
URBN has been the subject of a number of research reports. BMO Capital Markets reiterated an “average” rating and set a $28.00 price objective on shares of Urban Outfitters in a report on Thursday, July 7th. Deutsche Bank AG increased their price objective on Urban Outfitters from $28.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, July 25th. Zacks Investment Research cut Urban Outfitters from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. increased their price target on Urban Outfitters from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Finally, Credit Suisse Group AG reissued a “neutral” rating and set a $34.00 price target on shares of Urban Outfitters in a research report on Wednesday, August 17th.
In related 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 completion of the sale, the chief financial officer now owns 4,000 shares of the company’s stock, valued at $149,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 24.30% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in 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 during the last quarter. Robecosam AG purchased a new stake in Urban Outfitters during the second quarter worth approximately $108,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Urban Outfitters during the second quarter worth approximately $121,000. LS Investment Advisors LLC boosted its stake in 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 during the last quarter. Finally, Algert Global LLC purchased a new stake in Urban Outfitters during the third quarter worth approximately $220,000. 72.05% of the stock is owned by institutional investors.
Urban Outfitters (NASDAQ:URBN) opened at 35.15 on Tuesday. The firm has a 50-day moving average price of $35.81 and a 200 day moving average price of $31.13. Urban Outfitters has a 12 month low of $19.26 and a 12 month high of $37.82. The company has a market capitalization of $4.12 billion, a P/E ratio of 18.10 and a beta of 0.91.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. The business earned $890.57 million during the quarter, compared to the consensus estimate of $886.39 million. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. Urban Outfitters’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. Analysts expect that Urban Outfitters will post $2.06 EPS for the current year.
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.
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