Urban Outfitters Inc. (NASDAQ:URBN) has been assigned a $37.00 target price by research analysts at Cowen and Company in a report released on Thursday. The brokerage currently has a “hold” rating on the apparel retailer’s stock. Cowen and Company’s price objective suggests a potential upside of 10.25% from the company’s previous close.
Several other research firms also recently commented on URBN. Jefferies Group increased 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. Wolfe Research raised shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and increased their target price for the stock from $36.00 to $43.00 in a research report on Wednesday, September 7th. BMO Capital Markets restated a “neutral” rating on shares of Urban Outfitters in a report on Wednesday. Robert W. Baird restated an “outperform” rating and set a $38.00 price target on shares of Urban Outfitters in a report on Saturday, September 10th. Finally, Nomura upped their price target on shares of Urban Outfitters from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, August 17th. Twenty-two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Urban Outfitters has a consensus rating of “Hold” and an average target price of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 2.19% during mid-day trading on Thursday, reaching $33.56. The company had a trading volume of 3,252,662 shares. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80. The company’s 50-day moving average price is $35.15 and its 200-day moving average price is $31.98. The company has a market capitalization of $3.93 billion, a PE ratio of 17.28 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business 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%. Urban Outfitters’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. On average, analysts forecast that Urban Outfitters will post $2.05 earnings per share for the current fiscal year.
In related news, General Counsel Azeez Hayne sold 6,260 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $39.95, for a total value of $250,087.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 24.30% of the stock is currently owned by corporate insiders.
Large investors 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 valued at $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 valued at $104,000 after buying an additional 1,550 shares in the last quarter. Robecosam AG bought a new stake in Urban Outfitters during the second quarter valued at approximately $108,000. Fuller & Thaler Asset Management Inc. bought a new stake in Urban Outfitters during the second quarter valued at approximately $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 valued at $129,000 after buying an additional 651 shares in the last quarter. 74.17% of the stock is currently owned by institutional investors and hedge funds.
Urban Outfitters Company Profile