Urban Outfitters Inc. (NASDAQ:URBN) had its target price reduced by Deutsche Bank AG from $37.00 to $34.00 in a report issued on Wednesday. The brokerage presently has a “hold” rating on the apparel retailer’s stock. Deutsche Bank AG’s price target suggests a potential downside of 0.90% from the stock’s current price.
A number of other research firms have also recently weighed in on URBN. Jefferies Group raised their price target on Urban Outfitters from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Wolfe Research raised Urban Outfitters from a “peer perform” rating to an “outperform” rating and raised their price target for the company from $36.00 to $43.00 in a report on Wednesday, September 7th. BMO Capital Markets reaffirmed a “neutral” rating on shares of Urban Outfitters in a report on Wednesday. Robert W. Baird reaffirmed an “outperform” rating and set a $38.00 price target on shares of Urban Outfitters in a report on Saturday, September 10th. Finally, Nomura raised their price target on Urban Outfitters from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, August 17th. Twenty-one equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 34.31 on Wednesday. The stock’s 50 day moving average price is $35.24 and its 200-day moving average price is $31.95. Urban Outfitters has a 12 month low of $20.06 and a 12 month high of $40.80. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 17.67 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.04. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The business had revenue of $862.50 million for the quarter. During the same period last year, the company earned $0.42 earnings per share. Urban Outfitters’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts predict that Urban Outfitters will post $2.05 EPS for the current fiscal year.
In other news, General Counsel Azeez Hayne sold 6,260 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $39.95, for a total transaction of $250,087.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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. Accident Compensation Corp bought a new position in shares of Urban Outfitters during the third quarter valued at about $449,000. Cornerstone Capital Management Holdings LLC. increased its position in shares of Urban Outfitters by 19.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 426,383 shares of the apparel retailer’s stock valued at $14,718,000 after buying an additional 68,907 shares during the period. Credit Suisse AG increased its position in shares of Urban Outfitters by 30.1% in the third quarter. Credit Suisse AG now owns 170,461 shares of the apparel retailer’s stock valued at $5,885,000 after buying an additional 39,487 shares during the period. Phocas Financial Corp. bought a new position in shares of Urban Outfitters during the third quarter valued at about $5,492,000. Finally, Robecosam AG increased its position in shares of Urban Outfitters by 25.0% in the third quarter. Robecosam AG now owns 5,000 shares of the apparel retailer’s stock valued at $172,000 after buying an additional 1,000 shares during the period. 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.
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