Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned an average recommendation of “Hold” from the thirty-one brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $30.65.
A number of brokerages have recently issued reports on URBN. Loop Capital began coverage on shares of Urban Outfitters in a report on Thursday, March 8th. They set a “buy” rating and a $46.00 price target on the stock. Buckingham Research set a $42.00 price target on shares of Urban Outfitters and gave the company a “buy” rating in a report on Thursday, March 8th. SunTrust Banks set a $42.00 price target on shares of Urban Outfitters and gave the company a “buy” rating in a report on Wednesday, March 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 price target (up previously from $28.00) on shares of Urban Outfitters in a report on Wednesday, March 7th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and set a $39.00 price target (up previously from $32.00) on shares of Urban Outfitters in a report on Wednesday, March 7th.
In other Urban Outfitters news, CFO Frank Conforti sold 13,788 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $35.40, for a total transaction of $488,095.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joel S. Lawson III sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $35.71, for a total transaction of $714,200.00. Following the sale, the director now owns 27,000 shares in the company, valued at approximately $964,170. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,765 shares of company stock worth $3,566,394. 26.30% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. Trust Co. of Vermont bought a new stake in Urban Outfitters during the 4th quarter worth approximately $110,000. State of Alaska Department of Revenue bought a new stake in Urban Outfitters during the 4th quarter worth approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 acquiring an additional 1,522 shares during the period. BRYN MAWR TRUST Co bought a new stake in Urban Outfitters during the 4th quarter worth approximately $207,000. Finally, Shelton Capital Management bought a new stake in Urban Outfitters during the 4th quarter worth approximately $234,000. Institutional investors own 76.74% of the company’s stock.
Shares of Urban Outfitters (URBN) traded up $0.55 during midday trading on Friday, hitting $35.93. 1,894,922 shares of the stock were exchanged, compared to its average volume of 2,577,148. The stock has a market cap of $3,821.18, a P/E ratio of 37.44, a PEG ratio of 1.31 and a beta of 0.56. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $38.28.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Urban Outfitters had a net margin of 2.99% and a return on equity of 14.19%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. analysts forecast that Urban Outfitters will post 2.25 earnings per share for the current fiscal year.
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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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