Urban Outfitters (NASDAQ:URBN) received a $52.00 price target from equities research analysts at B. Riley in a research report issued on Thursday. The firm presently has a “buy” rating on the apparel retailer’s stock. B. Riley’s target price indicates a potential upside of 59.41% from the stock’s current price.

A number of other analysts have also recently issued reports on the stock. BidaskClub cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Wedbush restated a “hold” rating and set a $35.00 target price (down previously from $50.00) on shares of Urban Outfitters in a research note on Thursday, October 11th. Bank of America set a $50.00 target price on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Tuesday, November 20th. ValuEngine cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. Finally, DA Davidson initiated coverage on shares of Urban Outfitters in a research note on Tuesday, September 25th. They set a “neutral” rating and a $40.00 target price for the company. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $43.99.

URBN stock traded up $0.06 during trading hours on Thursday, reaching $32.62. The stock had a trading volume of 4,437,570 shares, compared to its average volume of 3,303,296. The stock has a market cap of $3.63 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.10 and a beta of 0.68. Urban Outfitters has a fifty-two week low of $31.20 and a fifty-two week high of $52.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Monday, November 19th. The apparel retailer reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $973.50 million during the quarter, compared to analysts’ expectations of $967.82 million. Urban Outfitters had a net margin of 5.44% and a return on equity of 20.65%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. On average, research analysts expect that Urban Outfitters will post 2.73 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Mount Yale Investment Advisors LLC acquired a new stake in Urban Outfitters in the 2nd quarter worth about $109,000. Point72 Hong Kong Ltd raised its stake in Urban Outfitters by 145.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,600 shares of the apparel retailer’s stock worth $116,000 after purchasing an additional 1,541 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in Urban Outfitters in the 3rd quarter valued at about $149,000. Envestnet Asset Management Inc. increased its holdings in Urban Outfitters by 679.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,710 shares of the apparel retailer’s stock valued at $166,000 after buying an additional 3,234 shares during the period. Finally, Kovack Advisors Inc. bought a new position in Urban Outfitters in the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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