Urban Outfitters Inc. (NASDAQ:URBN) received a $34.00 price target from equities researchers at Wedbush in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the apparel retailer’s stock. Wedbush’s price objective suggests a potential upside of 1.31% from the stock’s current price.

Several other research firms also recently commented on URBN. Citigroup Inc. upgraded Urban Outfitters from a “neutral” rating to a “buy” rating in a report on Tuesday, November 15th. Vetr downgraded Urban Outfitters from a “buy” rating to a “strong sell” rating and set a $33.77 price objective on the stock. in a report on Tuesday, November 15th. Morgan Stanley downgraded Urban Outfitters from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $36.00 to $39.00 in a report on Thursday, November 17th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Urban Outfitters in a report on Tuesday, November 22nd. Finally, BMO Capital Markets restated a “market perform” rating and set a $34.00 price target on shares of Urban Outfitters in a report on Wednesday. Twenty-two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Urban Outfitters presently has a consensus rating of “Hold” and a consensus target price of $35.79.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Shares of Urban Outfitters (NASDAQ:URBN) traded down 2.19% on Friday, reaching $33.56. The company’s stock had a trading volume of 3,252,662 shares. Urban Outfitters has a 12-month low of $20.06 and a 12-month high of $40.80. The company’s 50 day moving average price is $35.15 and its 200 day moving average price is $31.98. The company has a market cap of $3.94 billion, a P/E ratio of 18.85 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 EPS 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 return on equity of 19.13% and a net margin of 6.42%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 EPS. Analysts forecast that Urban Outfitters will post $2.05 EPS for the current fiscal year.

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In related news, General Counsel Azeez Hayne sold 6,260 shares of the 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 24.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of URBN. Tower Research Capital LLC TRC raised its stake in 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 period. Robecosam AG purchased a new stake in Urban Outfitters during the second quarter worth $108,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 period. Fuller & Thaler Asset Management Inc. purchased a new stake in Urban Outfitters during the second quarter worth $121,000. Finally, LS Investment Advisors LLC raised its stake in 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 period. 74.17% of the stock is currently owned by 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.

5 Day Chart for NASDAQ:URBN

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