Urban Outfitters Inc. (NASDAQ:URBN) was upgraded by Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Thursday. The firm currently has a $35.42 price objective on the apparel retailer’s stock. Vetr‘s price objective would suggest a potential upside of 3.24% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Wolfe Research raised shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and boosted their price objective for the stock from $36.00 to $43.00 in a report on Wednesday, September 7th. Piper Jaffray Cos. reissued a “fair value” rating and set a $42.00 price objective (up previously from $32.00) on shares of Urban Outfitters in a report on Wednesday, August 17th. Stifel Nicolaus boosted their price objective on shares of Urban Outfitters from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. BMO Capital Markets reissued a “neutral” rating on shares of Urban Outfitters in a report on Wednesday. Finally, Jefferies Group lifted their target price on shares of Urban Outfitters from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Twenty-one research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Urban Outfitters currently has an average rating of “Hold” and an average price target of $35.79.
Urban Outfitters (NASDAQ:URBN) remained flat at $34.31 during mid-day trading on Thursday. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 17.67 and a beta of 0.69. The stock has a 50 day moving average price of $35.24 and a 200 day moving average price of $31.95. Urban Outfitters has a one year low of $20.06 and a one year high of $40.80.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $862.50 million for the quarter. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. Analysts anticipate that Urban Outfitters will post $2.05 earnings per share for the current year.
In other news, General Counsel Azeez Hayne sold 6,260 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $39.95, for a total transaction of $250,087.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 24.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Urban Outfitters by 70.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,758 shares of the apparel retailer’s stock valued at $104,000 after buying an additional 1,550 shares during the last quarter. Robecosam AG purchased a new position in shares of Urban Outfitters during the second quarter valued at approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Urban Outfitters by 11.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,150 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 327 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Urban Outfitters during the second quarter valued at approximately $121,000. Finally, LS Investment Advisors LLC boosted its position in shares of Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 651 shares during the last quarter. Institutional investors own 74.17% of the company’s stock.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.