Urban Outfitters Inc. (URBN) Given a $32.00 Price Target by Mizuho Analysts
Several other analysts also recently commented on URBN. Cowen and Company set a $37.00 price objective on Urban Outfitters and gave the stock a hold rating in a research note on Thursday. Stifel Nicolaus set a $40.00 price objective on Urban Outfitters and gave the stock a buy rating in a research note on Thursday. Nomura raised their price objective on Urban Outfitters from $30.00 to $33.00 and gave the stock a neutral rating in a research note on Wednesday, August 17th. Jefferies Group reaffirmed a buy rating and set a $45.00 price objective (up previously from $40.00) on shares of Urban Outfitters in a research note on Friday, September 2nd. Finally, Robert W. Baird raised their price objective on Urban Outfitters from $33.00 to $38.00 and gave the stock an outperform rating in a research note on Wednesday, August 17th. Twenty-two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 2.19% during mid-day trading on Thursday, reaching $33.56. The company’s stock had a trading volume of 3,252,662 shares. The company has a 50 day moving average of $35.15 and a 200-day moving average of $31.98. Urban Outfitters has a 12 month low of $20.06 and a 12 month high of $40.80. The firm has a market capitalization of $3.93 billion, a P/E ratio of 17.28 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business had revenue of $862.50 million for the quarter. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share. 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 the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 24.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in URBN. Zurcher Kantonalbank Zurich Cantonalbank increased 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 valued at $109,000 after buying an additional 327 shares in the last quarter. Tower Research Capital LLC TRC increased 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 valued at $104,000 after buying an additional 1,550 shares in the last quarter. Robecosam AG purchased a new position in shares of Urban Outfitters during the second quarter valued at approximately $108,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Urban Outfitters during the second quarter valued at approximately $121,000. Finally, LS Investment Advisors LLC increased 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 valued at $129,000 after buying an additional 651 shares in the last quarter. Institutional investors and hedge funds 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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