Urban Outfitters Inc. (URBN) Stock Rating Reaffirmed by FBR & Co
Urban Outfitters Inc. (NASDAQ:URBN)‘s stock had its “market perform” rating reissued by stock analysts at FBR & Co in a report issued on Saturday. They currently have a $31.00 target price on the apparel retailer’s stock. FBR & Co’s price objective would suggest a potential downside of 7.63% from the stock’s current price.
Several other research firms have also recently commented on URBN. Vetr cut 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 report on Tuesday, November 15th. Citigroup Inc. upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating in a report on Tuesday, November 15th. Morgan Stanley cut shares of Urban Outfitters from an “overweight” rating to an “equal weight” rating and boosted their price target 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 research report on Tuesday. Finally, Wunderlich downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $32.00 in a research report on Wednesday. Twenty-two 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 stock. The stock has an average rating of “Hold” and an average target price of $35.79.
Urban Outfitters (NASDAQ:URBN) traded down 2.19% during mid-day trading on Friday, hitting $33.56. 3,252,662 shares of the stock were exchanged. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 17.28 and a beta of 0.69. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80. The company has a 50 day moving average price of $35.15 and a 200 day moving average price of $31.98.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS 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 firm had revenue of $862.50 million for the quarter. During the same period in the previous year, the business earned $0.42 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts anticipate that Urban Outfitters will post $2.05 EPS for the current year.
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In other news, General Counsel Azeez Hayne sold 6,260 shares of the firm’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 transaction of $250,087.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 24.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in URBN. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 in the last quarter. Tower Research Capital LLC TRC increased its position 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 in the last quarter. Robecosam AG acquired a new position in Urban Outfitters during the second quarter worth approximately $108,000. Fuller & Thaler Asset Management Inc. acquired a new position in Urban Outfitters during the second quarter worth approximately $121,000. Finally, LS Investment Advisors LLC increased its position 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 in the last quarter. 74.17% of the stock is 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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