Urban Outfitters Inc. (NASDAQ:URBN) received a $32.00 price target from equities research analysts at Mizuho in a note issued to investors on Thursday. The firm currently has a “hold” rating on the apparel retailer’s stock. Mizuho’s target price suggests a potential downside of 4.65% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Wolfe Research upgraded shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and raised their target price for the stock from $36.00 to $43.00 in a research note on Wednesday, September 7th. Vetr upgraded shares of Urban Outfitters from a “sell” rating to a “hold” rating and set a $35.42 price objective for the company in a research note on Thursday. Wedbush reiterated a “neutral” rating and issued a $34.00 price objective on shares of Urban Outfitters in a research note on Friday. Cowen and Company set a $37.00 price objective on shares of Urban Outfitters and gave the company a “hold” rating in a research note on Thursday. Finally, Stifel Nicolaus set a $40.00 price objective on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Thursday. Twenty-two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $35.79.
Urban Outfitters (NASDAQ:URBN) traded down 2.19% during trading on Thursday, reaching $33.56. 3,252,662 shares of the company’s stock traded hands. The firm has a market capitalization of $3.93 billion, a PE ratio of 17.28 and a beta of 0.69. The firm has a 50 day moving average of $35.15 and a 200 day moving average of $31.98. Urban Outfitters has a 1-year low of $20.06 and a 1-year high of $40.80.
Urban Outfitters (NASDAQ:URBN) last released 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. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The firm earned $862.50 million during the quarter. During the same period in the previous year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts forecast that Urban Outfitters will post $2.05 EPS for the current year.
In related 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 value of $250,087.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 24.30% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased 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 during the last quarter. Robecosam AG bought a new stake in Urban Outfitters during the second quarter valued at $108,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Urban Outfitters during the second quarter valued at $121,000. Finally, LS Investment Advisors LLC increased 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 during the last quarter. 74.17% of the stock is owned by institutional investors and hedge funds.
Urban Outfitters Company Profile