Jefferies Group LLC Reiterates “Buy” Rating for Urban Outfitters, Inc. (URBN)
Urban Outfitters, Inc. (NASDAQ:URBN)‘s stock had its “buy” rating reaffirmed by Jefferies Group LLC in a report released on Wednesday. They currently have a $30.00 target price on the apparel retailer’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 54.64% from the stock’s previous close.
Several other equities analysts have also commented on URBN. Zacks Investment Research lowered shares of Urban Outfitters from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 24th. Wunderlich raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday, January 31st. Goldman Sachs Group Inc lowered shares of Urban Outfitters from a “neutral” rating to a “sell” rating and set a $22.00 price target for the company. in a research report on Thursday, February 2nd. Mizuho dropped their price target on shares of Urban Outfitters from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, February 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $32.00 price target (down previously from $34.00) on shares of Urban Outfitters in a research report on Wednesday, February 8th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating and nine have issued a buy rating to the company’s stock. Urban Outfitters has a consensus rating of “Hold” and an average target price of $28.85.
Urban Outfitters (NASDAQ:URBN) opened at 19.40 on Wednesday. Urban Outfitters has a 52-week low of $19.21 and a 52-week high of $40.80. The company’s 50 day moving average is $22.69 and its 200-day moving average is $27.41. The stock has a market cap of $2.26 billion, a PE ratio of 11.33 and a beta of 0.66. Urban Outfitters also was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 24,603 put options on the stock. This is an increase of approximately 1,209% compared to the average daily volume of 1,880 put options.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by $0.03. Urban Outfitters had a return on equity of 18.88% and a net margin of 6.42%. The company had revenue of $761.20 million for the quarter, compared to analyst estimates of $768.95 million. During the same period last year, the company posted $0.25 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts anticipate that Urban Outfitters will post $1.61 earnings per share for the current year.
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Several hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in shares of Urban Outfitters by 1.7% in the third quarter. Hsbc Holdings PLC now owns 55,909 shares of the apparel retailer’s stock worth $1,930,000 after buying an additional 920 shares during the period. AMP Capital Investors Ltd boosted its stake in shares of Urban Outfitters by 24.7% in the third quarter. AMP Capital Investors Ltd now owns 18,700 shares of the apparel retailer’s stock worth $644,000 after buying an additional 3,700 shares during the period. Hartford Investment Management Co. boosted its stake in shares of Urban Outfitters by 22.2% in the third quarter. Hartford Investment Management Co. now owns 23,117 shares of the apparel retailer’s stock worth $798,000 after buying an additional 4,200 shares during the period. Zweig DiMenna Associates LLC acquired a new stake in shares of Urban Outfitters during the third quarter worth $400,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Urban Outfitters by 3.0% in the third quarter. Pacer Advisors Inc. now owns 10,500 shares of the apparel retailer’s stock worth $362,000 after buying an additional 306 shares during the period. 78.05% of the stock is currently owned by institutional investors.
About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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