Credit Suisse Group AG Analysts Give Urban Outfitters Inc. (URBN) a $34.00 Price Target
Urban Outfitters Inc. (NASDAQ:URBN) received a $34.00 price objective from research analysts at Credit Suisse Group AG in a report issued on Thursday. The brokerage currently has a “hold” rating on the apparel retailer’s stock. Credit Suisse Group AG’s target price would indicate a potential upside of 1.31% from the stock’s current price.
A number of other equities analysts also recently commented on the company. Vetr downgraded Urban Outfitters from a “buy” rating to a “strong sell” rating and set a $33.77 price target for the company. in a research note on Tuesday, November 15th. Jefferies Group set a $45.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research note on Monday, October 24th. Zacks Investment Research upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Goldman Sachs Group Inc. downgraded Urban Outfitters from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $33.00 to $35.00 in a research note on Monday, August 22nd. Finally, Wunderlich upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, November 10th. Twenty-two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 2.19% during trading on Thursday, hitting $33.56. The stock had a trading volume of 3,252,662 shares. Urban Outfitters has a one year low of $20.06 and a one year high of $40.80. The firm’s 50-day moving average is $35.15 and its 200-day moving average is $31.98. The firm has a market cap of $3.93 billion, a P/E ratio of 17.28 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.04. The firm 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 business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $0.42 EPS. Equities research analysts forecast that Urban Outfitters will post $2.05 EPS for the current year.
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In other Urban Outfitters 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 transaction of $250,087.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 24.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted 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 last quarter. Robecosam AG purchased a new position in Urban Outfitters during the second quarter valued at $108,000. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 last quarter. 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 boosted 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 last quarter. Hedge funds and other 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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