Wunderlich set a $40.00 target price on Urban Outfitters Inc. (NASDAQ:URBN) in a research note issued to investors on Monday morning. The brokerage currently has a buy rating on the apparel retailer’s stock.
A number of other equities analysts have also recently issued reports on URBN. Deutsche Bank AG boosted their price objective on Urban Outfitters from $28.00 to $32.00 and gave the company a hold rating in a report on Monday, July 25th. Zacks Investment Research cut Urban Outfitters from a hold rating to a sell rating in a report on Tuesday, July 26th. Goldman Sachs Group Inc. boosted their price objective on Urban Outfitters from $29.00 to $33.00 and gave the company a buy rating in a report on Wednesday, August 17th. Credit Suisse Group AG restated a neutral rating and set a $34.00 price objective on shares of Urban Outfitters in a report on Wednesday, August 17th. Finally, Evercore ISI upgraded Urban Outfitters from a hold rating to a buy rating and boosted their price objective for the company from $38.00 to $40.00 in a report on Wednesday, August 17th. Twenty-one investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 34.31 on Monday. Urban Outfitters has a 1-year low of $20.06 and a 1-year high of $40.80. The stock has a 50 day moving average price of $35.24 and a 200-day moving average price of $31.95. The stock has a market capitalization of $4.02 billion, a PE ratio of 17.67 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) 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 in the prior year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts forecast that Urban Outfitters will post $2.05 earnings per share for the current year.
In related news, General Counsel Azeez Hayne sold 6,260 shares of Urban Outfitters stock in a transaction on Monday, November 14th. The stock was sold at an average price of $39.95, for a total value of $250,087.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 24.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Urban Outfitters by 11.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,150 shares of the apparel retailer’s stock worth $109,000 after buying an additional 327 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 worth $104,000 after buying an additional 1,550 shares in the last quarter. Robecosam AG acquired a new stake in Urban Outfitters during the second quarter worth $108,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Urban Outfitters during the second quarter worth $121,000. Finally, LS Investment Advisors LLC boosted its stake in Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock worth $129,000 after buying an additional 651 shares in 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.
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