Jefferies Group reiterated their buy rating on shares of Urban Outfitters (NASDAQ:URBN) in a research note released on Monday morning. Jefferies Group currently has a $40.00 price objective on the apparel retailer’s stock.

Other research analysts have also issued research reports about the stock. B. Riley reissued a neutral rating on shares of Urban Outfitters in a research note on Wednesday, November 1st. Royal Bank of Canada reissued a hold rating and issued a $21.00 price objective on shares of Urban Outfitters in a research note on Monday, September 18th. BidaskClub raised shares of Urban Outfitters from a sell rating to a hold rating in a research note on Saturday, August 26th. Wolfe Research raised shares of Urban Outfitters from a peer perform rating to an outperform rating and set a $30.00 price objective for the company in a research note on Wednesday, November 15th. Finally, SunTrust Banks set a $35.00 price objective on shares of Urban Outfitters and gave the company a buy rating in a research note on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $25.40.

Shares of Urban Outfitters (URBN) opened at $34.91 on Monday. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $34.98. The firm has a market cap of $3,734.57, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73.

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 analysts’ consensus estimates of $0.33 by $0.08. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The business had revenue of $892.77 million during the quarter, compared to analysts’ expectations of $860.64 million. During the same period last year, the business earned $0.40 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. research analysts expect that Urban Outfitters will post 1.56 EPS for the current fiscal year.

Urban Outfitters declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 24th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the apparel retailer to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System increased its stake in Urban Outfitters by 6.5% in the 3rd quarter. California Public Employees Retirement System now owns 372,301 shares of the apparel retailer’s stock valued at $8,898,000 after buying an additional 22,601 shares during the period. Vident Investment Advisory LLC boosted its position in shares of Urban Outfitters by 78.5% during the 3rd quarter. Vident Investment Advisory LLC now owns 137,358 shares of the apparel retailer’s stock worth $3,283,000 after purchasing an additional 60,392 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Urban Outfitters during the 3rd quarter worth $373,000. Royce & Associates LP boosted its position in shares of Urban Outfitters by 11.8% during the 3rd quarter. Royce & Associates LP now owns 95,000 shares of the apparel retailer’s stock worth $2,271,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Senvest Management LLC purchased a new stake in shares of Urban Outfitters during the 3rd quarter worth $36,629,000. 86.24% of the stock is currently owned by institutional investors.

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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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