Urban Outfitters Inc. (URBN) Price Target Cut to $34.00
Urban Outfitters Inc. (NASDAQ:URBN) had its price target lowered by investment analysts at Deutsche Bank AG from $37.00 to $34.00 in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the apparel retailer’s stock. Deutsche Bank AG’s price target suggests a potential downside of 0.90% from the stock’s current price.
A number of other brokerages have also recently weighed in on URBN. Jefferies Group raised their price target on Urban Outfitters from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Wolfe Research upgraded Urban Outfitters from a “peer perform” rating to an “outperform” rating and raised their price target for the company from $36.00 to $43.00 in a research report on Wednesday, September 7th. BMO Capital Markets restated a “neutral” rating on shares of Urban Outfitters in a research report on Wednesday. Robert W. Baird restated an “outperform” rating and issued a $38.00 price target on shares of Urban Outfitters in a research report on Saturday, September 10th. Finally, Nomura raised their price target on Urban Outfitters from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, August 17th. Twenty-one investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Urban Outfitters currently has an average rating of “Hold” and a consensus target price of $35.79.
Urban Outfitters (NASDAQ:URBN) opened at 34.31 on Wednesday. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80. The firm has a 50-day moving average of $35.24 and a 200-day moving average of $31.95. The firm has a market cap of $4.02 billion, a PE ratio of 17.67 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business 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% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. Equities analysts anticipate that Urban Outfitters will post $2.05 EPS for the current year.
In other news, General Counsel Azeez Hayne sold 6,260 shares of the company’s stock in a transaction on Monday, November 14th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. 24.30% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Advantus Capital Management Inc raised its stake in shares of Urban Outfitters by 1.4% in the second quarter. Advantus Capital Management Inc now owns 8,387 shares of the apparel retailer’s stock worth $231,000 after buying an additional 113 shares during the period. People s United Financial Inc. raised its stake in shares of Urban Outfitters by 0.8% in the third quarter. People s United Financial Inc. now owns 23,459 shares of the apparel retailer’s stock worth $810,000 after buying an additional 180 shares during the period. State Treasurer State of Michigan raised its stake in shares of Urban Outfitters by 0.7% in the second quarter. State Treasurer State of Michigan now owns 30,119 shares of the apparel retailer’s stock worth $828,000 after buying an additional 200 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of Urban Outfitters by 0.3% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 74,289 shares of the apparel retailer’s stock worth $2,564,000 after buying an additional 255 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Urban Outfitters by 3.0% in the third quarter. Aperio Group LLC now owns 8,980 shares of the apparel retailer’s stock worth $310,000 after buying an additional 258 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.
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