Urban Outfitters Inc. (URBN) Stock Rating Reaffirmed by BMO Capital Markets
Urban Outfitters Inc. (NASDAQ:URBN)‘s stock had its “neutral” rating reissued by research analysts at BMO Capital Markets in a report released on Wednesday.
A number of other equities research analysts also recently issued reports on URBN. Zacks Investment Research downgraded shares of Urban Outfitters from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. raised their price target on shares of Urban Outfitters from $29.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Credit Suisse Group AG restated a “neutral” rating and set a $34.00 price target on shares of Urban Outfitters in a report on Wednesday, August 17th. Evercore ISI upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and raised their price target for the company from $38.00 to $40.00 in a report on Wednesday, August 17th. Finally, Mizuho raised their price target on shares of Urban Outfitters from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 17th. Twenty-one 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 stock. The company presently has an average 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 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 stock has a market capitalization of $4.02 billion, a PE ratio of 17.67 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.04. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The company earned $862.50 million during the quarter. During the same period last year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect 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 that occurred 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 24.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Accident Compensation Corp bought a new position in Urban Outfitters during the third quarter valued at $449,000. Cornerstone Capital Management Holdings LLC. boosted its position 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 period. Credit Suisse AG boosted its position 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 period. Phocas Financial Corp. bought a new position in Urban Outfitters during the third quarter valued at $5,492,000. Finally, Robecosam AG boosted its position 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 period. Institutional investors 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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