Robert W. Baird set a $39.00 price target on Urban Outfitters (NASDAQ:URBN) in a research report sent to investors on Wednesday, January 10th. The firm currently has a buy rating on the apparel retailer’s stock.
URBN has been the subject of several other research reports. Zacks Investment Research cut shares of Urban Outfitters from a strong-buy rating to a hold rating in a report on Saturday, January 6th. Buckingham Research raised their target price on shares of Urban Outfitters from $25.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, November 14th. Wells Fargo & Co reissued a market perform rating and set a $28.00 target price (up previously from $19.00) on shares of Urban Outfitters in a report on Tuesday, November 21st. Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $35.00 to $38.00 and gave the company a market perform rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $21.00 price objective on shares of Urban Outfitters and gave the company a hold rating in a report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $26.56.
Urban Outfitters (NASDAQ URBN) traded down $1.06 during trading hours on Wednesday, hitting $32.62. 2,334,758 shares of the stock traded hands, compared to its average volume of 2,269,234. Urban Outfitters has a 1-year low of $16.19 and a 1-year high of $36.10. The firm has a market capitalization of $3,531.05, a P/E ratio of 21.75, a P/E/G ratio of 1.44 and a beta of 0.62.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.08. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The business had revenue of $892.77 million during the quarter, compared to the consensus estimate of $860.64 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. analysts expect that Urban Outfitters will post 1.56 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in URBN. Trust Co. of Vermont purchased a new stake in Urban Outfitters during the 4th quarter worth approximately $110,000. Sun Life Financial INC purchased a new stake in Urban Outfitters during the 2nd quarter worth approximately $151,000. State of Alaska Department of Revenue purchased a new stake in Urban Outfitters during the 4th quarter worth approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Urban Outfitters by 42.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after buying an additional 1,522 shares during the period. Finally, Pacad Investment Ltd. purchased a new stake in Urban Outfitters during the 2nd quarter worth approximately $191,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.
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About Urban Outfitters
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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