Urban Outfitters Inc. (NASDAQ:URBN)‘s stock had its “hold” rating reaffirmed by investment analysts at Oppenheimer Holdings Inc. in a research note issued on Tuesday.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus upped their price objective on shares of Urban Outfitters from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Citigroup Inc. upped their price objective on shares of Urban Outfitters from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Evercore ISI raised shares of Urban Outfitters from a “hold” rating to a “buy” rating and upped their price objective for the company from $38.00 to $40.00 in a research note on Wednesday, August 17th. Goldman Sachs Group Inc. upped their price objective on shares of Urban Outfitters from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Finally, Jefferies Group upped their price objective on shares of Urban Outfitters from $38.00 to $40.00 and gave the company a “buy” rating in a research note 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. The company currently has an average rating of “Hold” and an average target price of $36.23.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Urban Outfitters (NASDAQ:URBN) opened at 39.01 on Tuesday. The firm has a 50 day moving average of $35.27 and a 200 day moving average of $31.93. 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 P/E ratio of 20.09 and a beta of 0.69.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.04. The firm had revenue of $862.50 million for the quarter, compared to analysts’ expectations of $869.07 million. Urban Outfitters had a net margin of 6.63% and a return on equity of 19.57%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS. On average, equities research analysts expect that Urban Outfitters will post $2.06 EPS for the current year.

In other news, General Counsel Azeez Hayne sold 6,260 shares of Urban Outfitters stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $39.95, for a total value of $250,087.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 24.30% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Urban Outfitters by 11.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,150 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 327 shares during the period. Tower Research Capital LLC TRC increased its position 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 valued at $104,000 after buying an additional 1,550 shares during the period. Robecosam AG purchased a new position in Urban Outfitters during the second quarter valued at $108,000. Fuller & Thaler Asset Management Inc. purchased a new position in Urban Outfitters during the second quarter valued at $121,000. Finally, LS Investment Advisors LLC increased its position 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 valued at $129,000 after buying an additional 651 shares during the period. 74.17% of the stock is currently 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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