ValuEngine lowered shares of Urban Outfitters (NASDAQ:URBN) from a hold rating to a sell rating in a research report released on Wednesday, ValuEngine reports.

A number of other analysts have also recently commented on the stock. Bank of America reaffirmed a buy rating and set a $28.00 target price (down from $33.00) on shares of Urban Outfitters in a report on Wednesday, August 21st. Royal Bank of Canada reduced their target price on shares of Urban Outfitters from $28.00 to $25.00 and set a market perform rating for the company in a report on Wednesday. KeyCorp reaffirmed a hold rating on shares of Urban Outfitters in a report on Wednesday, August 21st. Jefferies Financial Group reduced their target price on shares of Urban Outfitters from $35.00 to $33.00 and set a buy rating for the company in a report on Wednesday. Finally, Robert W. Baird reduced their target price on shares of Urban Outfitters from $26.00 to $25.00 and set a neutral rating for the company in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. Urban Outfitters currently has a consensus rating of Hold and a consensus price target of $29.26.

URBN stock traded up $0.70 during midday trading on Wednesday, reaching $25.10. 5,334,600 shares of the company’s stock traded hands, compared to its average volume of 2,919,097. Urban Outfitters has a 52-week low of $19.63 and a 52-week high of $39.54. The stock has a market cap of $3.04 billion, a P/E ratio of 9.13, a PEG ratio of 1.32 and a beta of 0.77. The company has a current ratio of 1.60, a quick ratio of 0.89 and a debt-to-equity ratio of 0.80. The stock’s 50-day moving average is $28.72 and its 200 day moving average is $25.12.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 19th. The apparel retailer reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). Urban Outfitters had a net margin of 6.54% and a return on equity of 18.10%. The business had revenue of $987.47 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, research analysts expect that Urban Outfitters will post 2.29 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Urban Outfitters by 2.8% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 20,112 shares of the apparel retailer’s stock worth $565,000 after purchasing an additional 554 shares in the last quarter. Great Lakes Advisors LLC increased its stake in shares of Urban Outfitters by 31.2% in the third quarter. Great Lakes Advisors LLC now owns 155,579 shares of the apparel retailer’s stock worth $4,370,000 after purchasing an additional 37,013 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of Urban Outfitters by 3.3% in the third quarter. Systematic Financial Management LP now owns 672,636 shares of the apparel retailer’s stock worth $18,894,000 after purchasing an additional 21,730 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Urban Outfitters by 73.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,670,448 shares of the apparel retailer’s stock worth $75,013,000 after purchasing an additional 1,127,172 shares in the last quarter. Finally, Mason Street Advisors LLC increased its stake in shares of Urban Outfitters by 1.2% in the third quarter. Mason Street Advisors LLC now owns 36,990 shares of the apparel retailer’s stock worth $1,039,000 after purchasing an additional 438 shares in the last quarter. 74.38% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

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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