Trade Report: Today, Credit Suisse Group AG Analysts Give Urban Outfitters Inc. (URBN) a $34.00 Price Target

Today, Credit Suisse Group AG Analysts Give Urban Outfitters Inc. (URBN) a $34.00 Price Target

Credit Suisse Group AG set a $34.00 price target on Urban Outfitters Inc. (NASDAQ:URBN) in a research note issued to investors on Thursday morning. The firm currently has a hold rating on the apparel retailer’s stock.

Several other analysts have also recently issued reports on the stock. Jefferies Group set a $45.00 price target on shares of Urban Outfitters and gave the company a buy rating in a report on Thursday, November 24th. Mizuho set a $32.00 price target on shares of Urban Outfitters and gave the company a hold rating in a report on Thursday, November 24th. Stifel Nicolaus set a $40.00 price target on shares of Urban Outfitters and gave the company a buy rating in a report on Thursday, November 24th. Cowen and Company set a $37.00 price target on shares of Urban Outfitters and gave the company a hold rating in a report on Thursday, November 24th. Finally, Wedbush set a $34.00 price target on shares of Urban Outfitters and gave the company a hold rating in a report on Friday. Twenty-two research 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’s stock. Urban Outfitters currently has an average rating of Hold and a consensus target price of $35.79.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 32.41 on Thursday. Urban Outfitters has a 1-year low of $20.06 and a 1-year high of $40.80. The stock has a 50 day moving average of $35.03 and a 200 day moving average of $32.08. The firm has a market cap of $3.80 billion, a PE ratio of 18.21 and a beta of 0.69.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.04. The company earned $862.50 million during the quarter. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. Urban Outfitters’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 earnings per share. Equities research 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 stock in a transaction that occurred 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 filing with the SEC, which is available at this link. 24.30% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in URBN. Tower Research Capital LLC TRC increased its position 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 purchased a new position in Urban Outfitters during the second quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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. purchased a new position in Urban Outfitters during the second quarter worth approximately $121,000. Finally, LS Investment Advisors LLC increased its position 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. Hedge funds and other institutional investors own 76.21% of the company’s stock.

Urban Outfitters Company Profile

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