Urban Outfitters Inc. (URBN) Stock Rating Lowered by Wunderlich
Urban Outfitters Inc. (NASDAQ:URBN) was downgraded by stock analysts at Wunderlich from a “buy” rating to a “hold” rating in a research note issued on Wednesday. They currently have a $32.00 target price on the apparel retailer’s stock, down from their prior target price of $40.00. Wunderlich’s price target points to a potential downside of 6.73% from the stock’s previous close.
Several other analysts have also recently weighed in on URBN. Zacks Investment Research cut shares of Urban Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Goldman Sachs Group Inc. lifted their price objective on shares of Urban Outfitters from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Credit Suisse Group AG reiterated a “neutral” rating and issued a $34.00 price objective on shares of Urban Outfitters in a research note on Wednesday, August 17th. Evercore ISI upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $40.00 in a research note on Wednesday, August 17th. Finally, Mizuho lifted their price objective on shares of Urban Outfitters from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 17th. Twenty-one investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.79.
Urban Outfitters (NASDAQ:URBN) opened at 34.31 on Wednesday. Urban Outfitters has a one year low of $20.06 and a one year high of $40.80. The company has a 50-day moving average of $35.24 and a 200 day moving average of $31.95. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 17.67 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 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.04. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The business earned $862.50 million during the quarter. During the same period last year, the business earned $0.42 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, 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 shares were sold at an average price of $39.95, for a total value of $250,087.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 24.30% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Accident Compensation Corp purchased a new stake in Urban Outfitters during the third quarter valued at about $449,000. Cornerstone Capital Management Holdings LLC. raised its stake in Urban Outfitters by 19.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 426,383 shares of the apparel retailer’s stock valued at $14,718,000 after buying an additional 68,907 shares during the last quarter. Credit Suisse AG raised its stake in Urban Outfitters by 30.1% in the third quarter. Credit Suisse AG now owns 170,461 shares of the apparel retailer’s stock valued at $5,885,000 after buying an additional 39,487 shares during the last quarter. Phocas Financial Corp. purchased a new stake in Urban Outfitters during the third quarter valued at about $5,492,000. Finally, Robecosam AG raised its stake in Urban Outfitters by 25.0% in the third quarter. Robecosam AG now owns 5,000 shares of the apparel retailer’s stock valued at $172,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 74.17% of the company’s stock.
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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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