Wunderlich upgraded shares of Urban Outfitters Inc. (NASDAQ:URBN) from a hold rating to a buy rating in a research report released on Thursday morning. Wunderlich currently has $40.00 price target on the apparel retailer’s stock.

URBN has been the topic of a number of other research reports. Royal Bank Of Canada lifted their target price on Urban Outfitters from $29.00 to $34.00 and gave the company a sector perform rating in a research report on Wednesday, August 17th. Telsey Advisory Group boosted their price target on Urban Outfitters from $31.00 to $39.00 and gave the stock a market perform rating in a research report on Wednesday, August 17th. Deutsche Bank AG boosted their price target on Urban Outfitters from $28.00 to $32.00 and gave the stock a hold rating in a research report on Monday, July 25th. Mizuho boosted their price target on Urban Outfitters from $28.00 to $32.00 and gave the stock a neutral rating in a research report on Wednesday, August 17th. Finally, Jefferies Group reissued a buy rating and set a $45.00 price target (up previously from $40.00) on shares of Urban Outfitters in a research report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $35.90.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 39.25 on Thursday. The firm has a 50 day moving average price of $34.64 and a 200-day moving average price of $31.53. The company has a market cap of $4.60 billion, a P/E ratio of 20.21 and a beta of 0.69. Urban Outfitters has a 12 month low of $19.26 and a 12 month high of $40.80.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. The business had revenue of $890.57 million for 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 quarter in the previous year, the business earned $0.52 earnings per share. Analysts anticipate that Urban Outfitters will post $2.06 earnings per share for the current fiscal year.

In related news, CFO Frank Conforti sold 4,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 4,000 shares in the company, valued at $149,680. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 24.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in URBN. Massachusetts Financial Services Co. MA raised its position in Urban Outfitters by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,065,645 shares of the apparel retailer’s stock valued at $441,804,000 after buying an additional 1,388,672 shares during the period. Vanguard Group Inc. raised its position in Urban Outfitters by 5.4% in the second quarter. Vanguard Group Inc. now owns 8,084,293 shares of the apparel retailer’s stock valued at $222,318,000 after buying an additional 412,250 shares during the period. FMR LLC raised its position in Urban Outfitters by 12.6% in the second quarter. FMR LLC now owns 5,023,957 shares of the apparel retailer’s stock valued at $138,159,000 after buying an additional 563,409 shares during the period. State Street Corp raised its position in Urban Outfitters by 0.7% in the second quarter. State Street Corp now owns 3,682,523 shares of the apparel retailer’s stock valued at $101,278,000 after buying an additional 25,135 shares during the period. Finally, AQR Capital Management LLC raised its position in Urban Outfitters by 78.5% in the second quarter. AQR Capital Management LLC now owns 2,924,749 shares of the apparel retailer’s stock valued at $80,430,000 after buying an additional 1,286,540 shares during the period. Institutional investors and hedge funds own 73.56% of the company’s stock.

About Urban Outfitters

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.

5 Day Chart for NASDAQ:URBN

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