Urban Outfitters Inc. (URBN) Given a $37.00 Price Target by Cowen and Company Analysts
Other equities analysts have also recently issued research reports about the company. Jefferies Group raised their price objective on Urban Outfitters from $38.00 to $40.00 and gave the company a buy rating in a report on Wednesday, August 17th. Stifel Nicolaus raised their price objective on Urban Outfitters from $35.00 to $40.00 and gave the company a buy rating in a report on Wednesday, August 17th. Citigroup Inc. raised their price objective on Urban Outfitters from $35.00 to $42.00 and gave the company a buy rating 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 stock from $38.00 to $40.00 in a report on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. lifted their price target on Urban Outfitters from $29.00 to $33.00 and gave the stock a buy rating in a report on Wednesday, August 17th. Twenty-two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 2.19% 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 has a 50 day moving average price of $35.15 and a 200 day moving average price of $31.98. The company 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 announced its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The company earned $862.50 million during the quarter. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. Urban Outfitters’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. On average, equities research analysts predict that Urban Outfitters will post $2.05 earnings per share for the current fiscal year.
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In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 24.30% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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. Tower Research Capital LLC TRC increased its stake 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 purchased a new stake in shares of Urban Outfitters during the second quarter worth about $108,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Urban Outfitters during the second quarter worth about $121,000. Finally, LS Investment Advisors LLC increased its stake 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 and hedge funds.
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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