Today, Stifel Nicolaus Reiterates “$40.00” Price Target for Urban Outfitters Inc. (URBN)

Today, Stifel Nicolaus Reiterates “$40.00” Price Target for Urban Outfitters Inc. (URBN)
Urban Outfitters Inc. (NASDAQ:URBN) has been given a $40.00 target price by research analysts at Stifel Nicolaus in a report issued on Thursday. The firm presently has a “buy” rating on the apparel retailer’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 19.19% from the company’s current price.

A number of other equities research analysts also recently weighed in on URBN. Zacks Investment Research upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Goldman Sachs Group Inc. increased their price objective on Urban Outfitters from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Credit Suisse Group AG reiterated a “neutral” rating and set a $34.00 price objective on shares of Urban Outfitters in a research report on Wednesday, August 17th. Evercore ISI upgraded Urban Outfitters from a “hold” rating to a “buy” rating and increased their price objective for the company from $38.00 to $40.00 in a research report on Wednesday, August 17th. Finally, Mizuho increased their price objective on Urban Outfitters from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, August 17th. Twenty-two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $35.79.

Shares of Urban Outfitters (NASDAQ:URBN) traded down 2.19% on Thursday, reaching $33.56. The company had a trading volume of 3,252,662 shares. The stock has a market capitalization of $3.93 billion, a PE ratio of 17.28 and a beta of 0.69. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80. The company has a 50 day moving average price of $35.15 and a 200 day moving average price of $31.98.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.04. The firm earned $862.50 million during the quarter. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. Urban Outfitters’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. On average, equities research analysts anticipate 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 dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 24.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Palo Capital Inc. acquired a new position in shares of Urban Outfitters during the second quarter worth approximately $408,000. First Quadrant L P CA boosted its position in shares of 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 worth $13,024,000 after buying an additional 339,701 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Urban Outfitters by 304.6% in the second quarter. Acadian Asset Management LLC now owns 19,365 shares of the apparel retailer’s stock worth $532,000 after buying an additional 14,579 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in shares of Urban Outfitters during the second quarter worth approximately $572,000. Finally, GW&K Investment Management LLC boosted its position in shares of 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 worth $11,113,000 after buying an additional 62,027 shares in the last quarter. Hedge funds and other institutional investors own 74.17% of the company’s stock.

Urban Outfitters Company Profile

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