Urban Outfitters (NASDAQ:URBN) had its target price boosted by Telsey Advisory Group from $30.00 to $35.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 8.46% from the company’s previous close.

Several other brokerages have also recently weighed in on URBN. Oppenheimer reissued a “hold” rating on shares of Urban Outfitters in a research report on Tuesday, August 15th. FBR & Co lowered their price target on shares of Urban Outfitters from $24.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 15th. Royal Bank of Canada boosted their price target on shares of Urban Outfitters from $17.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 16th. KeyCorp upped their target price on shares of Urban Outfitters to $3.00 and gave the company an “overweight” rating in a research report on Tuesday, November 21st. Finally, BMO Capital Markets upped their target price on shares of Urban Outfitters from $20.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.80.

Urban Outfitters (NASDAQ URBN) opened at $32.27 on Tuesday. The firm has a market cap of $3,581.94, a PE ratio of 21.63, a PEG ratio of 1.78 and a beta of 0.73. Urban Outfitters has a 1 year low of $16.19 and a 1 year high of $34.23.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. The firm had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. research analysts anticipate that Urban Outfitters will post 1.55 earnings per share for the current year.

Urban Outfitters announced that its board has authorized a share buyback program on Thursday, August 24th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the apparel retailer to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Several hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. increased its stake in shares of Urban Outfitters by 0.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after buying an additional 43 shares during the period. Advisor Group Inc. increased its stake in shares of Urban Outfitters by 1.1% during the second quarter. Advisor Group Inc. now owns 32,251 shares of the apparel retailer’s stock worth $595,000 after buying an additional 338 shares during the period. Empirical Finance LLC increased its stake in shares of Urban Outfitters by 0.5% during the second quarter. Empirical Finance LLC now owns 66,575 shares of the apparel retailer’s stock worth $1,235,000 after buying an additional 360 shares during the period. Capstone Asset Management Co. increased its stake in Urban Outfitters by 2.5% in the second quarter. Capstone Asset Management Co. now owns 15,738 shares of the apparel retailer’s stock valued at $292,000 after purchasing an additional 380 shares during the last quarter. Finally, Texas Permanent School Fund increased its stake in Urban Outfitters by 0.9% in the second quarter. Texas Permanent School Fund now owns 64,527 shares of the apparel retailer’s stock valued at $1,196,000 after purchasing an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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Urban Outfitters Company Profile

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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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