Todays Report: Today, FBR & Co Reaffirmed Market Perform Rating for Urban Outfitters Inc. (URBN)

Today, FBR & Co Reaffirmed Market Perform Rating for Urban Outfitters Inc. (URBN)

Urban Outfitters Inc. (NASDAQ:URBN)‘s stock had its “market perform” rating restated by equities researchers at FBR & Co in a report issued on Saturday. They presently have a $31.00 price target on the apparel retailer’s stock. FBR & Co’s price objective would suggest a potential downside of 7.63% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Jefferies Group upped their price objective on shares of Urban Outfitters from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Stifel Nicolaus upped their price objective on shares of Urban Outfitters from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Citigroup Inc. upped their price objective on shares of Urban Outfitters from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Evercore ISI raised shares of Urban Outfitters from a “hold” rating to a “buy” rating and upped their price objective for the company from $38.00 to $40.00 in a research note on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. upped their price objective on shares of Urban Outfitters from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Twenty-two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Urban Outfitters presently has an average rating of “Hold” and an average target price of $35.79.

Urban Outfitters (NASDAQ:URBN) traded down 2.19% during mid-day trading on Friday, hitting $33.56. 3,252,662 shares of the stock traded hands. Urban Outfitters has a 12 month low of $20.06 and a 12 month high of $40.80. The stock has a 50-day moving average price of $35.15 and a 200-day moving average price of $31.98. The stock has a market cap of $3.93 billion, a P/E ratio of 17.28 and a beta of 0.69.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Urban Outfitters will post $2.05 earnings per share for the current year.

In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the firm’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 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 modified their holdings of URBN. Palo Capital Inc. purchased a new stake in Urban Outfitters during the second quarter valued at approximately $408,000. First Quadrant L P CA boosted its stake in Urban Outfitters by 253.7% in the second quarter. First Quadrant L P CA now owns 473,601 shares of the apparel retailer’s stock valued at $13,024,000 after buying an additional 339,701 shares during the period. Acadian Asset Management LLC boosted its stake in Urban Outfitters by 304.6% in the second quarter. Acadian Asset Management LLC now owns 19,365 shares of the apparel retailer’s stock valued at $532,000 after buying an additional 14,579 shares during the period. Americafirst Capital Management LLC purchased a new stake in Urban Outfitters during the second quarter valued at approximately $572,000. Finally, GW&K Investment Management LLC boosted its stake in Urban Outfitters by 18.1% in the second quarter. GW&K Investment Management LLC now owns 404,123 shares of the apparel retailer’s stock valued at $11,113,000 after buying an additional 62,027 shares during the period. 74.17% of the stock is currently owned by institutional investors.

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