Trading Report: The MKM Partners Reiterates Neutral Rating for Urban Outfitters Inc. (URBN)

The MKM Partners Reiterates Neutral Rating for Urban Outfitters Inc. (URBN)

Urban Outfitters Inc. (NASDAQ:URBN)‘s stock had its “neutral” rating reissued by investment analysts at MKM Partners in a report released on Wednesday. They presently have a $36.00 price objective on the apparel retailer’s stock. MKM Partners’ target price would suggest a potential upside of 2.42% from the company’s previous close.

Other equities analysts also recently issued reports about the company. BMO Capital Markets restated an “average” rating and issued a $28.00 target price on shares of Urban Outfitters in a research note on Thursday, July 7th. Citigroup Inc. lifted their target price on Urban Outfitters from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Evercore ISI upgraded Urban Outfitters from a “hold” rating to a “buy” rating and lifted their target price for the company from $38.00 to $40.00 in a research note on Wednesday, August 17th. Goldman Sachs Group Inc. lifted their target price on Urban Outfitters from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Finally, Stifel Nicolaus lifted their target price on Urban Outfitters from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Twenty-two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Urban Outfitters has an average rating of “Hold” and a consensus target price of $35.78.

Urban Outfitters (NASDAQ:URBN) opened at 35.15 on Wednesday. Urban Outfitters has a 1-year low of $19.26 and a 1-year high of $37.82. The firm has a 50-day moving average price of $35.81 and a 200 day moving average price of $31.13. The company has a market capitalization of $4.12 billion, a P/E ratio of 18.10 and a beta of 0.91.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.10. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. The company earned $890.57 million during the quarter, compared to the consensus estimate of $886.39 million. During the same period in the previous year, the firm posted $0.52 earnings per share. Urban Outfitters’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that Urban Outfitters will post $2.06 EPS for the current year.

In other news, CFO Frank Conforti sold 4,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $37.42, for a total transaction of $149,680.00. Following the completion of the transaction, the chief financial officer now owns 4,000 shares of the company’s stock, valued at $149,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 24.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of 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 bought a new position in shares of Urban Outfitters during the second quarter worth approximately $108,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Urban Outfitters during the second quarter worth approximately $121,000. LS Investment Advisors LLC raised its position in shares of 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. Finally, Kentucky Retirement Systems bought a new position in shares of Urban Outfitters during the second quarter worth approximately $203,000. 72.05% of the stock is owned by institutional investors and hedge funds.

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