Urban Outfitters Inc. (URBN) PT Set at $45.00 by Jefferies Group
Urban Outfitters Inc. (NASDAQ:URBN) received a $45.00 target price from equities researchers at Jefferies Group in a research report issued on Thursday. The brokerage presently has a “buy” rating on the apparel retailer’s stock. Jefferies Group’s price target suggests a potential upside of 34.09% from the company’s current price.
Several other analysts also recently issued reports on the stock. Vetr downgraded shares of Urban Outfitters from a “buy” rating to a “strong sell” rating and set a $33.77 price target for the company. in a research report on Tuesday, November 15th. 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. cut Urban Outfitters from a “buy” rating to a “neutral” rating and raised their price objective for the company from $33.00 to $35.00 in a research note on Monday, August 22nd. Wunderlich upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Thursday, November 10th. Finally, Robert W. Baird restated an “outperform” rating and set a $38.00 price objective on shares of Urban Outfitters in a research note on Saturday, September 10th. Twenty-two investment 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. Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $35.79.
Urban Outfitters (NASDAQ:URBN) traded down 2.19% during trading on Thursday, hitting $33.56. 3,252,662 shares of the company’s stock traded hands. The company’s 50 day moving average price is $35.15 and its 200 day moving average price is $31.98. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80. The company has a market cap of $3.93 billion, a PE 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.04. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The business earned $862.50 million during the quarter. During the same period in the prior year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts expect that Urban Outfitters will post $2.05 earnings per share for the current year.
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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 transaction of $250,087.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 24.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in URBN. Advantus Capital Management Inc increased its position 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 last quarter. People s United Financial Inc. increased its position in 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 in the last quarter. State Treasurer State of Michigan increased its position in 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 in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in 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 in the last quarter. Finally, Aperio Group LLC increased its position in 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 in the last quarter. 74.17% of the stock is currently owned by hedge funds and other institutional investors.
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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