Today, Urban Outfitters Inc. (URBN) Given a $40.00 Price Target at Stifel Nicolaus

Today, Urban Outfitters Inc. (URBN) Given a $40.00 Price Target at Stifel Nicolaus

Urban Outfitters Inc. (NASDAQ:URBN) has been assigned a $40.00 target price by Stifel Nicolaus in a research note issued on Thursday. The brokerage presently has a “buy” rating on the apparel retailer’s stock. Stifel Nicolaus’ target price suggests a potential upside of 19.19% from the stock’s previous close.

A number of other equities analysts have also recently commented on URBN. Vetr cut shares of Urban Outfitters from a “buy” rating to a “strong sell” rating and set a $33.77 price target for the company. in a research note on Tuesday, November 15th. Jefferies Group set a $45.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Monday, October 24th. Zacks Investment Research raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Goldman Sachs Group Inc. cut shares of Urban Outfitters from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $33.00 to $35.00 in a research note on Monday, August 22nd. Finally, Wunderlich raised shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, November 10th. 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. The stock presently has a consensus rating of “Hold” and a consensus 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 company has a market cap of $3.93 billion, a price-to-earnings ratio of 17.28 and a beta of 0.69. Urban Outfitters has a 12-month low of $20.06 and a 12-month high of $40.80. The stock’s 50 day moving average price is $35.15 and its 200 day moving average price is $31.98.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.04. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The business earned $862.50 million during the quarter. During the same period in the prior year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts anticipate that Urban Outfitters will post $2.05 earnings per share for the current fiscal year.

In related news, General Counsel Azeez Hayne sold 6,260 shares of the business’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through this link. 24.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of URBN. Ameriprise Financial Inc. boosted its position in Urban Outfitters by 983.2% in the third quarter. Ameriprise Financial Inc. now owns 2,560,815 shares of the apparel retailer’s stock valued at $88,397,000 after buying an additional 2,324,398 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in 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 valued at $441,804,000 after buying an additional 1,388,672 shares in the last quarter. AQR Capital Management LLC boosted its position in 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 valued at $80,430,000 after buying an additional 1,286,540 shares in the last quarter. Numeric Investors LLC boosted its position in Urban Outfitters by 286.0% in the second quarter. Numeric Investors LLC now owns 998,300 shares of the apparel retailer’s stock valued at $27,453,000 after buying an additional 739,700 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in 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 valued at $21,810,000 after buying an additional 612,400 shares in the last quarter. Hedge funds and other institutional investors own 74.17% of the company’s stock.

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