Urban Outfitters Inc. (NASDAQ:URBN) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a report released on Thursday. The brokerage currently has a $35.42 price objective on the apparel retailer’s stock. Vetr‘s price target indicates a potential upside of 3.24% from the company’s current price.
Other analysts also recently issued reports about the stock. Jefferies Group set a $45.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research report on Monday, October 24th. Zacks Investment Research upgraded shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Goldman Sachs Group Inc. downgraded shares of Urban Outfitters from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $33.00 to $35.00 in a research report on Monday, August 22nd. Wunderlich upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Thursday, November 10th. Finally, Robert W. Baird restated an “outperform” rating and set a $38.00 price target on shares of Urban Outfitters in a research report on Saturday, September 10th. 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 presently has a consensus rating of “Hold” and an average price target of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) remained flat at $34.31 during mid-day trading on Thursday. The company had a trading volume of 16,756,121 shares. 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 has a 12 month low of $20.06 and a 12 month high of $40.80. The firm has a 50 day moving average of $35.24 and a 200 day moving average of $31.95.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The firm earned $862.50 million during the quarter. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. Equities analysts predict that Urban Outfitters will post $2.05 EPS for the current year.
In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the company’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 filing with the SEC, which is available through this hyperlink. Company insiders own 24.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 during the last quarter. Tower Research Capital LLC TRC increased its position 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 during the last quarter. Robecosam AG acquired a new position in Urban Outfitters during the second quarter worth about $108,000. Fuller & Thaler Asset Management Inc. acquired a new position in Urban Outfitters during the second quarter worth about $121,000. Finally, LS Investment Advisors LLC increased its position 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 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.