Urban Outfitters Inc. (NASDAQ:URBN) was downgraded by research analysts at Vetr from a “hold” rating to a “sell” rating in a report issued on Wednesday. They currently have a $37.12 price objective on the apparel retailer’s stock. Vetr‘s price objective would suggest a potential downside of 4.84% from the company’s current price.

Several other equities analysts have also commented on the stock. Stifel Nicolaus upped their price target 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. Citigroup Inc. upped their price target on shares of Urban Outfitters from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Evercore ISI upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and upped their price target for the stock from $38.00 to $40.00 in a research report on Wednesday, August 17th. Goldman Sachs Group Inc. upped their price target on shares of Urban Outfitters from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Finally, Jefferies Group upped their price target on shares of Urban Outfitters from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $36.23.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Urban Outfitters (NASDAQ:URBN) opened at 39.01 on Wednesday. The company has a market capitalization of $4.57 billion, a PE ratio of 20.09 and a beta of 0.69. Urban Outfitters has a one year low of $20.06 and a one year high of $40.80. The company has a 50-day moving average price of $35.27 and a 200-day moving average price of $31.93.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.04. The business had revenue of $862.50 million for the quarter, compared to analyst estimates of $869.07 million. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share. Analysts expect that Urban Outfitters will post $2.06 earnings per share for the current fiscal year.

In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of Urban Outfitters stock in a transaction on Monday, November 14th. The stock was sold at an average price of $39.95, for a total transaction of $250,087.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 24.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted 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 during the last quarter. Robecosam AG bought a new position in shares of Urban Outfitters during the second quarter worth about $108,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Urban Outfitters by 11.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,150 shares of the apparel retailer’s stock worth $109,000 after buying an additional 327 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Urban Outfitters during the second quarter worth about $121,000. Finally, LS Investment Advisors LLC boosted 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 during the last quarter. 74.17% of the stock is owned by institutional investors.

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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.

5 Day Chart for NASDAQ:URBN

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