Urban Outfitters Inc. (NASDAQ:URBN) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued on Thursday. The firm currently has a $35.42 price objective on the apparel retailer’s stock. Vetr‘s target price indicates a potential upside of 5.54% from the stock’s current price.

A number of other equities research analysts have also recently commented on URBN. Nomura raised their target price on Urban Outfitters from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, August 17th. Stifel Nicolaus raised their target price on Urban Outfitters from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Jefferies Group restated a “buy” rating and set a $45.00 target price (up from $40.00) on shares of Urban Outfitters in a research report on Friday, September 2nd. Robert W. Baird lifted their price objective on Urban Outfitters from $33.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. Finally, Wunderlich cut Urban Outfitters from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $32.00 in a report on Wednesday, November 23rd. Twenty-two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and an average price target of $35.79.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Shares of Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Thursday. Urban Outfitters has a 12 month low of $20.06 and a 12 month high of $40.80. The stock has a market capitalization of $3.94 billion, a P/E ratio of 18.85 and a beta of 0.69. The firm’s 50-day moving average price is $35.15 and its 200-day moving average price is $31.98.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the Zacks’ 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 had revenue of $862.50 million for the quarter. During the same quarter in the previous year, the business earned $0.42 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Urban Outfitters will post $2.05 EPS for the current 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 transaction of $250,087.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 24.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in Urban Outfitters by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,065,645 shares of the apparel retailer’s stock valued at $441,804,000 after buying an additional 1,388,672 shares in the last quarter. Vanguard Group Inc. boosted its position in Urban Outfitters by 5.4% in the second quarter. Vanguard Group Inc. now owns 8,084,293 shares of the apparel retailer’s stock valued at $222,318,000 after buying an additional 412,250 shares in the last quarter. FMR LLC boosted its position in Urban Outfitters by 12.6% in the second quarter. FMR LLC now owns 5,023,957 shares of the apparel retailer’s stock valued at $138,159,000 after buying an additional 563,409 shares in the last quarter. State Street Corp boosted its position in Urban Outfitters by 0.7% in the second quarter. State Street Corp now owns 3,682,523 shares of the apparel retailer’s stock valued at $101,278,000 after buying an additional 25,135 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Urban Outfitters by 78.5% in the second quarter. AQR Capital Management LLC now owns 2,924,749 shares of the apparel retailer’s stock valued at $80,430,000 after buying an additional 1,286,540 shares in the last quarter. 74.17% of the stock is owned by hedge funds and other institutional investors.

About Urban Outfitters

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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