Urban Outfitters Inc. (URBN) Receives “Equal Weight” Rating from Morgan Stanley
Several other research firms have also weighed in on URBN. Vetr lowered Urban Outfitters from a buy rating to a strong sell rating and set a $33.77 target price on the stock. in a report on Tuesday, November 15th. Citigroup Inc. raised Urban Outfitters from a neutral rating to a buy rating in a report on Tuesday, November 15th. Oppenheimer Holdings Inc. reissued a hold rating on shares of Urban Outfitters in a report on Tuesday, November 22nd. Wunderlich lowered Urban Outfitters from a buy rating to a hold rating and lowered their target price for the company from $40.00 to $32.00 in a report on Wednesday, November 23rd. Finally, BMO Capital Markets reissued a market perform rating and issued a $34.00 target price on shares of Urban Outfitters in a report on Wednesday, November 23rd. Twenty-two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 32.42 on Tuesday. The firm has a market capitalization of $3.77 billion, a P/E ratio of 16.85 and a beta of 0.69. The company’s 50 day moving average price is $35.03 and its 200-day moving average price is $32.08. Urban Outfitters has a 12 month low of $20.06 and a 12 month high of $40.80.
Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The firm earned $862.50 million during the quarter. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. On average, equities analysts predict that Urban Outfitters will post $2.05 earnings per share for the current fiscal year.
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In related news, General Counsel Azeez Hayne sold 6,260 shares of Urban Outfitters stock in a transaction on Monday, November 14th. The stock was 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 is accessible through this hyperlink. Corporate insiders own 24.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its stake 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 worth $441,804,000 after buying an additional 1,388,672 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 worth $222,318,000 after buying an additional 412,250 shares during the last quarter. FMR LLC boosted its stake in Urban Outfitters by 12.6% in the second quarter. FMR LLC now owns 5,023,957 shares of the apparel retailer’s stock worth $138,159,000 after buying an additional 563,409 shares during the last quarter. State Street Corp boosted its stake 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 worth $101,278,000 after buying an additional 25,135 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake 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 worth $80,430,000 after buying an additional 1,286,540 shares during the last quarter. 76.21% 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.
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