Wells Fargo & Co set a $25.00 price target on Urban Outfitters (NASDAQ:URBN) in a research note released on Wednesday morning, TipRanks reports. The brokerage currently has a hold rating on the apparel retailer’s stock.

Other research analysts have also recently issued research reports about the company. KeyCorp reissued a hold rating on shares of Urban Outfitters in a research note on Wednesday. Robert W. Baird decreased their price target on Urban Outfitters from $26.00 to $25.00 and set a neutral rating for the company in a research note on Wednesday. Deutsche Bank decreased their price target on Urban Outfitters from $29.00 to $28.00 and set a hold rating for the company in a research note on Friday, August 16th. Wedbush reissued a neutral rating and issued a $20.00 price target (down previously from $26.00) on shares of Urban Outfitters in a research note on Wednesday. Finally, TheStreet cut Urban Outfitters from a b- rating to a c+ rating in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $28.82.

NASDAQ:URBN opened at $22.68 on Wednesday. Urban Outfitters has a 1 year low of $19.63 and a 1 year high of $48.74. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.87 and a beta of 0.76. The business has a fifty day moving average of $22.46 and a 200-day moving average of $26.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.13 and a current ratio of 1.60.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Urban Outfitters had a return on equity of 18.10% and a net margin of 6.54%. The company had revenue of $962.30 million during the quarter, compared to analysts’ expectations of $981.40 million. During the same quarter in the prior year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities research analysts predict that Urban Outfitters will post 2.3 EPS for the current year.

Several institutional investors have recently made changes to their positions in URBN. Dimensional Fund Advisors LP lifted its position in Urban Outfitters by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,083,951 shares of the apparel retailer’s stock valued at $102,389,000 after purchasing an additional 227,342 shares during the last quarter. Geode Capital Management LLC lifted its position in Urban Outfitters by 13.1% during the fourth quarter. Geode Capital Management LLC now owns 942,948 shares of the apparel retailer’s stock valued at $31,305,000 after purchasing an additional 109,441 shares during the last quarter. Retirement Systems of Alabama lifted its position in Urban Outfitters by 0.4% during the first quarter. Retirement Systems of Alabama now owns 98,085 shares of the apparel retailer’s stock valued at $2,907,000 after purchasing an additional 379 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Urban Outfitters by 5.5% during the first quarter. Nisa Investment Advisors LLC now owns 26,800 shares of the apparel retailer’s stock valued at $794,000 after purchasing an additional 1,400 shares during the last quarter. Finally, BB&T Corp lifted its position in Urban Outfitters by 0.5% during the first quarter. BB&T Corp now owns 80,148 shares of the apparel retailer’s stock valued at $2,376,000 after purchasing an additional 394 shares during the last quarter. Institutional investors and hedge funds own 74.10% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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