Robert W. Baird reissued their buy rating on shares of Urban Outfitters (NASDAQ:URBN) in a research report released on Wednesday. The brokerage currently has a $42.00 price target on the apparel retailer’s stock, up from their previous price target of $39.00.

Several other equities research analysts have also recently weighed in on URBN. BMO Capital Markets set a $37.00 target price on Urban Outfitters and gave the stock a hold rating in a report on Tuesday, March 6th. KeyCorp reiterated a positive rating and issued a $45.00 target price (up from $36.00) on shares of Urban Outfitters in a report on Wednesday. Jefferies Group upped their target price on Urban Outfitters to $34.00 and gave the stock a buy rating in a report on Tuesday, November 21st. B. Riley upped their target price on Urban Outfitters from $34.00 to $37.00 and gave the stock a neutral rating in a report on Tuesday, February 27th. Finally, Wells Fargo & Co reiterated a market perform rating and issued a $28.00 target price (up from $19.00) on shares of Urban Outfitters in a report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and an average target price of $30.75.

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Shares of Urban Outfitters (URBN) traded up $0.75 during trading on Wednesday, reaching $35.88. The company’s stock had a trading volume of 2,240,000 shares, compared to its average volume of 2,689,715. The company has a market cap of $3,883.97, a P/E ratio of 37.38, a PEG ratio of 1.35 and a beta of 0.56. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $38.28.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.06. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. Urban Outfitters’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. equities analysts forecast that Urban Outfitters will post 2.25 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in URBN. First Trust Advisors LP raised its stake in Urban Outfitters by 26.4% in the third quarter. First Trust Advisors LP now owns 468,846 shares of the apparel retailer’s stock valued at $11,205,000 after buying an additional 98,024 shares during the last quarter. Aperio Group LLC raised its stake in Urban Outfitters by 41.5% in the third quarter. Aperio Group LLC now owns 28,240 shares of the apparel retailer’s stock valued at $675,000 after buying an additional 8,286 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Urban Outfitters in the third quarter valued at about $394,000. Principal Financial Group Inc. raised its stake in Urban Outfitters by 15.1% in the third quarter. Principal Financial Group Inc. now owns 431,350 shares of the apparel retailer’s stock valued at $10,309,000 after buying an additional 56,618 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new stake in Urban Outfitters in the third quarter valued at about $2,495,000. Institutional investors own 75.09% 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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