Nomura restated their neutral rating on shares of Urban Outfitters (NASDAQ:URBN) in a report published on Wednesday. Nomura currently has a $30.00 target price on the apparel retailer’s stock, up from their previous target price of $26.00.
A number of other equities research analysts have also commented on the company. Robert W. Baird set a $39.00 price objective on Urban Outfitters and gave the stock a buy rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded Urban Outfitters from a hold rating to a buy rating and set a $36.00 price objective for the company in a research report on Friday, January 12th. B. Riley restated a neutral rating on shares of Urban Outfitters in a research report on Wednesday, November 1st. Jefferies Group restated a buy rating and set a $25.00 price objective on shares of Urban Outfitters in a research report on Thursday, September 28th. Finally, Buckingham Research restated a buy rating and set a $42.00 price objective (up from $32.00) on shares of Urban Outfitters in a research report on Thursday, January 11th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have issued a buy rating to the stock. Urban Outfitters presently has a consensus rating of Hold and a consensus target price of $26.40.
Shares of Urban Outfitters (NASDAQ:URBN) traded up $0.07 on Wednesday, reaching $33.84. The company had a trading volume of 1,224,651 shares, compared to its average volume of 2,865,650. The stock has a market cap of $3,605.76, a PE ratio of 22.56, a P/E/G ratio of 1.78 and a beta of 0.73. Urban Outfitters has a 1 year low of $16.19 and a 1 year high of $36.10.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. The firm had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. Urban Outfitters’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. analysts expect that Urban Outfitters will post 1.56 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Urban Outfitters by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock valued at $198,000 after buying an additional 43 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Urban Outfitters by 1.1% during the 2nd quarter. Advisor Group Inc. now owns 32,251 shares of the apparel retailer’s stock valued at $595,000 after buying an additional 338 shares during the last quarter. Broadview Advisors LLC lifted its holdings in shares of Urban Outfitters by 0.7% during the 2nd quarter. Broadview Advisors LLC now owns 151,898 shares of the apparel retailer’s stock valued at $2,816,000 after buying an additional 1,100 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in Urban Outfitters by 7.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 17,870 shares of the apparel retailer’s stock worth $331,000 after purchasing an additional 1,200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Urban Outfitters by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 134,529 shares of the apparel retailer’s stock worth $2,494,000 after purchasing an additional 2,514 shares during the last quarter. Institutional investors and hedge funds own 86.24% 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.
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