Trade Report: The Urban Outfitters Inc. (URBN) gets “Hold” status at Vetr Inc.

The Urban Outfitters Inc. (URBN) gets “Hold” status at Vetr Inc.

Vetr downgraded shares of Urban Outfitters Inc. (NASDAQ:URBN) from a buy rating to a hold rating in a research note published on Monday morning. They currently have $37.57 price objective on the apparel retailer’s stock.

A number of other brokerages have also recently issued reports on URBN. Goldman Sachs Group Inc. cut Urban Outfitters from a buy rating to a neutral rating and upped their target price for the company from $33.00 to $35.00 in a research report on Monday, August 22nd. Zacks Investment Research raised Urban Outfitters from a hold rating to a strong-buy rating and set a $42.00 target price for the company in a research report on Tuesday, August 23rd. Robert W. Baird reaffirmed an outperform rating and set a $38.00 price objective on shares of Urban Outfitters in a research report on Saturday, September 10th. Cowen and Company reaffirmed a market perform rating and set a $37.00 price objective (up from $28.00) on shares of Urban Outfitters in a research report on Wednesday, August 17th. Finally, RBC Capital Markets reaffirmed a sector perform rating and set a $34.00 price objective (up from $29.00) on shares of Urban Outfitters in a research report on Wednesday, August 17th. Twenty-two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Urban Outfitters has a consensus rating of Hold and a consensus price target of $35.78.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 35.15 on Monday. Urban Outfitters has a 52-week low of $19.26 and a 52-week high of $37.82. The stock has a market capitalization of $4.12 billion, a PE ratio of 18.10 and a beta of 0.91. The stock has a 50 day moving average price of $35.81 and a 200-day moving average price of $31.13.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. The firm earned $890.57 million during the quarter, compared to analysts’ expectations of $886.39 million. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. On average, equities research analysts anticipate that Urban Outfitters will post $2.06 EPS for the current fiscal year.

In other Urban Outfitters news, CFO Frank Conforti sold 4,000 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $37.42, for a total transaction of $149,680.00. Following the sale, the chief financial officer now owns 4,000 shares in the company, valued at approximately $149,680. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 24.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. Tower Research Capital LLC TRC boosted 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 valued at $104,000 after buying an additional 1,550 shares in the last quarter. Robecosam AG acquired a new position in Urban Outfitters during the second quarter valued at about $108,000. Fuller & Thaler Asset Management Inc. acquired a new position in Urban Outfitters during the second quarter valued at about $121,000. LS Investment Advisors LLC boosted 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 valued at $129,000 after buying an additional 651 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new position in Urban Outfitters during the second quarter valued at about $203,000. 72.05% of the stock is owned by institutional investors and hedge funds.

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.

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