Urban Outfitters Inc. (URBN) Given a $40.00 Price Target by Wunderlich Analysts
Urban Outfitters Inc. (NASDAQ:URBN) received a $40.00 price objective from stock analysts at Wunderlich in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Wunderlich’s price target would suggest a potential upside of 2.54% from the company’s current price.
A number of other research analysts also recently issued reports on URBN. Deutsche Bank AG lifted their price target on shares of Urban Outfitters from $28.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, July 25th. Stifel Nicolaus boosted their price objective on shares of Urban Outfitters from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Nomura boosted their price objective on shares of Urban Outfitters from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 17th. Jefferies Group restated a “buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of Urban Outfitters in a research report on Friday, September 2nd. Finally, Robert W. Baird boosted their price objective on shares of Urban Outfitters from $33.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.23.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 39.01 on Monday. Urban Outfitters has a 1-year low of $20.06 and a 1-year high of $40.80. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 20.09 and a beta of 0.69. The stock has a 50 day moving average of $35.27 and a 200-day moving average of $31.93.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.04. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. The firm earned $862.50 million during the quarter, compared to analysts’ expectations of $869.07 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Urban Outfitters will post $2.06 EPS for the current fiscal year.
In other news, General Counsel Azeez Hayne sold 6,260 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $39.95, for a total transaction of $250,087.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 24.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in URBN. Accident Compensation Corp acquired a new position in Urban Outfitters during the third quarter valued at approximately $449,000. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Urban Outfitters by 19.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 426,383 shares of the apparel retailer’s stock valued at $14,718,000 after buying an additional 68,907 shares during the period. Credit Suisse AG boosted its position in shares of Urban Outfitters by 30.1% in the third quarter. Credit Suisse AG now owns 170,461 shares of the apparel retailer’s stock valued at $5,885,000 after buying an additional 39,487 shares during the period. Phocas Financial Corp. purchased a new position in shares of Urban Outfitters during the third quarter valued at about $5,492,000. Finally, Robecosam AG boosted its position in shares of Urban Outfitters by 25.0% in the third quarter. Robecosam AG now owns 5,000 shares of the apparel retailer’s stock valued at $172,000 after buying an additional 1,000 shares during the period. Institutional investors own 74.17% of the company’s stock.
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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