Urban Outfitters Inc. (URBN) Given New $35.00 Price Target at MKM Partners
Urban Outfitters Inc. (NASDAQ:URBN) had its price target decreased by MKM Partners from $36.00 to $35.00 in a report released on Wednesday morning. MKM Partners currently has a neutral rating on the apparel retailer’s stock.
A number of other equities analysts have also recently issued reports on URBN. Zacks Investment Research cut Urban Outfitters from a hold rating to a sell rating in a report on Tuesday, July 26th. Goldman Sachs Group Inc. lifted their target price on Urban Outfitters from $29.00 to $33.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Credit Suisse Group AG reiterated a neutral rating and set a $34.00 price target on shares of Urban Outfitters in a report on Wednesday, August 17th. Evercore ISI upgraded Urban Outfitters from a hold rating to a buy rating and lifted their price target for the company from $38.00 to $40.00 in a report on Wednesday, August 17th. Finally, Mizuho lifted their price target on Urban Outfitters from $28.00 to $32.00 and gave the company a neutral rating in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, twenty have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Urban Outfitters currently has a consensus rating of Hold and an average target price of $35.84.
Urban Outfitters (NASDAQ:URBN) remained flat at $34.31 during trading on Wednesday. The stock had a trading volume of 16,756,121 shares. The company’s 50-day moving average price is $35.24 and its 200 day moving average price is $31.95. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 17.67 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.04. The company earned $862.50 million during the quarter. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Equities research analysts anticipate that Urban Outfitters will post $2.05 EPS for the current year.
In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the firm’s stock in a transaction 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 document filed with the SEC, which is available at the SEC website. 24.30% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Accident Compensation Corp bought a new stake in shares of Urban Outfitters during the third quarter worth $449,000. Cornerstone Capital Management Holdings LLC. raised its stake 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 worth $14,718,000 after buying an additional 68,907 shares during the last quarter. Credit Suisse AG raised its stake 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 worth $5,885,000 after buying an additional 39,487 shares during the last quarter. Phocas Financial Corp. bought a new stake in shares of Urban Outfitters during the third quarter worth $5,492,000. Finally, Robecosam AG raised its stake 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 worth $172,000 after buying an additional 1,000 shares during the last quarter. 74.17% of the stock is currently owned by hedge funds and other 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.
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