Urban Outfitters Inc. (NASDAQ:URBN) has been assigned a $45.00 price target by equities researchers at Jefferies Group in a note issued to investors on Thursday. The firm presently has a “buy” rating on the apparel retailer’s stock. Jefferies Group’s target price points to a potential upside of 34.09% from the company’s previous close.
Other research analysts also recently issued reports about the company. Wells Fargo & Co. reiterated a “hold” rating and issued a $33.00 price target (up from $29.00) on shares of Urban Outfitters in a report on Wednesday, September 28th. Vetr downgraded Urban Outfitters from a “buy” rating to a “hold” rating and set a $37.50 price target on the stock. in a report on Tuesday, September 6th. MKM Partners cut their price target on Urban Outfitters from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday. Goldman Sachs Group Inc. downgraded Urban Outfitters from a “buy” rating to a “neutral” rating and lifted their price target for the company from $33.00 to $35.00 in a report on Monday, August 22nd. Finally, Royal Bank Of Canada lifted their price target on Urban Outfitters from $29.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, August 17th. Twenty-two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.79.
Urban Outfitters (NASDAQ:URBN) traded down 2.19% on Thursday, reaching $33.56. The company’s stock had a trading volume of 3,252,662 shares. The firm’s 50 day moving average price is $35.15 and its 200-day moving average price is $31.98. Urban Outfitters has a 1-year low of $20.06 and a 1-year high of $40.80. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 17.28 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.04. The firm 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 firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 earnings per share. Equities analysts forecast 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 on Monday, November 14th. The stock was 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 SEC, which can be accessed through this link. 24.30% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Palo Capital Inc. acquired a new stake in Urban Outfitters during the second quarter worth $408,000. First Quadrant L P CA boosted its stake in 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 stake in 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 stake in Urban Outfitters during the second quarter worth $572,000. Finally, GW&K Investment Management LLC boosted its stake in 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. Institutional investors own 74.17% of the company’s stock.
Urban Outfitters Company Profile