Today, Urban Outfitters Inc. (URBN) Given a $37.00 Price Target by Cowen and Company Analysts

Today, Urban Outfitters Inc. (URBN) Given a $37.00 Price Target by Cowen and Company Analysts
Cowen and Company set a $37.00 price objective on Urban Outfitters Inc. (NASDAQ:URBN) in a research report released on Thursday. The brokerage currently has a hold rating on the apparel retailer’s stock.

Several other brokerages have also issued reports on URBN. Vetr lowered shares of Urban Outfitters from a buy rating to a strong sell rating and set a $33.77 target price for the company. in a research report on Tuesday, November 15th. Citigroup Inc. upgraded shares of Urban Outfitters from a neutral rating to a buy rating in a research report on Tuesday, November 15th. Morgan Stanley lowered shares of Urban Outfitters from an overweight rating to an equal weight rating and upped their price target for the stock from $36.00 to $39.00 in a research report on Thursday, November 17th. Oppenheimer Holdings Inc. reiterated a hold rating on shares of Urban Outfitters in a research report on Tuesday. Finally, Wunderlich lowered shares of Urban Outfitters from a buy rating to a hold rating and dropped their price target for the stock from $40.00 to $32.00 in a research report on Wednesday. Twenty-two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock presently 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 midday trading on Thursday, reaching $33.56. 3,252,662 shares of the company’s stock were exchanged. The stock has a market capitalization of $3.93 billion, a P/E 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 12-month low of $20.06 and a 12-month high of $40.80.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results 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. The business had revenue of $862.50 million for the quarter. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The company’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. Analysts anticipate that Urban Outfitters will post $2.05 EPS for the current fiscal year.

In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $39.95, for a total transaction of $250,087.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 24.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of Urban Outfitters by 983.2% in the third quarter. Ameriprise Financial Inc. now owns 2,560,815 shares of the apparel retailer’s stock worth $88,397,000 after buying an additional 2,324,398 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Urban Outfitters by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,065,645 shares of the apparel retailer’s stock worth $441,804,000 after buying an additional 1,388,672 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Urban Outfitters by 78.5% in the second quarter. AQR Capital Management LLC now owns 2,924,749 shares of the apparel retailer’s stock worth $80,430,000 after buying an additional 1,286,540 shares during the last quarter. Numeric Investors LLC boosted its stake in shares of Urban Outfitters by 286.0% in the second quarter. Numeric Investors LLC now owns 998,300 shares of the apparel retailer’s stock worth $27,453,000 after buying an additional 739,700 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Urban Outfitters by 3,162.4% in the third quarter. Acadian Asset Management LLC now owns 631,765 shares of the apparel retailer’s stock worth $21,810,000 after buying an additional 612,400 shares during the last quarter. 74.17% of the stock is owned by institutional investors.

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