Urban Outfitters Inc. (NASDAQ:URBN)‘s stock had its “neutral” rating restated by stock analysts at Wedbush in a report released on Friday. They currently have a $34.00 target price on the apparel retailer’s stock. Wedbush’s target price suggests a potential upside of 1.31% from the stock’s previous close.
URBN has been the subject of a number of other reports. Wells Fargo & Co. restated a “hold” rating and issued a $33.00 target price (up from $29.00) on shares of Urban Outfitters in a research note on Wednesday, September 28th. Vetr lowered Urban Outfitters from a “buy” rating to a “hold” rating and set a $37.50 target price for the company. in a research note on Tuesday, September 6th. MKM Partners cut their target price on Urban Outfitters from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday. Goldman Sachs Group Inc. lowered 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 note on Monday, August 22nd. Finally, Royal Bank Of Canada upped their target price on Urban Outfitters from $29.00 to $34.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 17th. Twenty-two investment 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 company 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 Friday, hitting $33.56. 3,252,662 shares of the company were exchanged. The company’s 50 day moving average price is $35.15 and its 200 day moving average price is $31.98. Urban Outfitters has a one year low of $20.06 and a one year high of $40.80. The firm has a market cap of $3.93 billion, a P/E ratio of 17.28 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results 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 had revenue of $862.50 million for the quarter. During the same period in the previous year, the business posted $0.42 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. Equities analysts expect that Urban Outfitters will post $2.05 EPS for the current year.
In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. 24.30% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in URBN. Tower Research Capital LLC TRC raised its stake 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 worth $104,000 after buying an additional 1,550 shares in the last quarter. Robecosam AG acquired a new stake in Urban Outfitters during the second quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Urban Outfitters by 11.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,150 shares of the apparel retailer’s stock worth $109,000 after buying an additional 327 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Urban Outfitters during the second quarter worth approximately $121,000. Finally, LS Investment Advisors LLC raised its stake 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 worth $129,000 after buying an additional 651 shares in the last quarter. 74.17% of the stock is currently owned by hedge funds and other institutional investors.
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