Trading Report: Today, Urban Outfitters’ (URBN) “Neutral” Rating Reaffirm at Wedbush

Today, Urban Outfitters’ (URBN) “Neutral” Rating Reaffirm at Wedbush

Urban Outfitters Inc. (NASDAQ:URBN)‘s stock had its “neutral” rating restated by stock analysts at Wedbush in a report issued on Friday. They currently have a $34.00 price target on the apparel retailer’s stock. Wedbush’s target price would suggest a potential upside of 1.31% from the stock’s previous close.

Other research analysts have also issued reports about the company. Stifel Nicolaus raised their target price on Urban Outfitters from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Citigroup Inc. lifted their price objective on Urban Outfitters from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Evercore ISI raised Urban Outfitters from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $40.00 in a research report on Wednesday, August 17th. Goldman Sachs Group Inc. lifted their price objective on Urban Outfitters from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Finally, Jefferies Group lifted their price objective on Urban Outfitters from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. 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 currently has a consensus rating of “Hold” and an average target price of $35.79.

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

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 Thomson Reuters’ consensus estimate of $0.44 by $0.04. The company had revenue of $862.50 million for the quarter. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 earnings per share. On average, equities analysts expect 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 Urban Outfitters stock in a transaction that occurred 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 SEC, which is available at the SEC website. 24.30% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of URBN. Renaissance Technologies LLC boosted its stake in Urban Outfitters by 26.7% in the first quarter. Renaissance Technologies LLC now owns 340,100 shares of the apparel retailer’s stock worth $11,254,000 after buying an additional 71,700 shares during the period. Nuveen Asset Management LLC bought a new stake in Urban Outfitters during the first quarter worth approximately $1,162,000. Adage Capital Partners GP L.L.C. bought a new stake in Urban Outfitters during the first quarter worth approximately $4,308,000. Envestnet Asset Management Inc. boosted its stake in Urban Outfitters by 40.2% in the first quarter. Envestnet Asset Management Inc. now owns 53,492 shares of the apparel retailer’s stock worth $1,770,000 after buying an additional 15,337 shares during the period. Finally, Babson Capital Management LLC bought a new stake in Urban Outfitters during the first quarter worth approximately $717,000. 74.17% of the stock is currently owned by institutional investors.

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