Today: Oppenheimer Holdings Inc. Reaffirmed “Hold” Rating for Urban Outfitters Inc. (URBN)

Today: Oppenheimer Holdings Inc. Reaffirmed “Hold” Rating for Urban Outfitters Inc. (URBN)

Oppenheimer Holdings Inc. reissued their hold rating on shares of Urban Outfitters Inc. (NASDAQ:URBN) in a research report released on Tuesday morning.

Several other equities research analysts also recently commented on URBN. Deutsche Bank AG boosted their target price on shares of Urban Outfitters from $28.00 to $32.00 and gave the company a hold rating in a research note on Monday, July 25th. Stifel Nicolaus boosted their target price on shares of Urban Outfitters from $35.00 to $40.00 and gave the company a buy rating in a research note on Wednesday, August 17th. Nomura boosted their target price on shares of Urban Outfitters from $30.00 to $33.00 and gave the company a neutral rating in a research note on Wednesday, August 17th. Jefferies Group restated a buy rating and issued a $45.00 target price (up previously from $40.00) on shares of Urban Outfitters in a research note on Friday, September 2nd. Finally, Robert W. Baird boosted their target price on shares of Urban Outfitters from $33.00 to $38.00 and gave the company an outperform rating in a research note on Wednesday, August 17th. Twenty-two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $35.79.

Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Tuesday. The stock’s 50 day moving average is $35.15 and its 200 day moving average is $31.98. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 18.85 and a beta of 0.69. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly 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. 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 quarter in the prior year, the company earned $0.42 EPS. Urban Outfitters’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Urban Outfitters will post $2.05 earnings per share for the current year.

In other news, General Counsel Azeez Hayne sold 6,260 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $39.95, for a total transaction of $250,087.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 24.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Advantus Capital Management Inc raised its stake in Urban Outfitters by 1.4% in the second quarter. Advantus Capital Management Inc now owns 8,387 shares of the apparel retailer’s stock valued at $231,000 after buying an additional 113 shares during the period. People s United Financial Inc. raised its stake in Urban Outfitters by 0.8% in the third quarter. People s United Financial Inc. now owns 23,459 shares of the apparel retailer’s stock valued at $810,000 after buying an additional 180 shares during the period. State Treasurer State of Michigan raised its stake in Urban Outfitters by 0.7% in the second quarter. State Treasurer State of Michigan now owns 30,119 shares of the apparel retailer’s stock valued at $828,000 after buying an additional 200 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in Urban Outfitters by 0.3% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 74,289 shares of the apparel retailer’s stock valued at $2,564,000 after buying an additional 255 shares during the period. Finally, Aperio Group LLC raised its stake in Urban Outfitters by 3.0% in the third quarter. Aperio Group LLC now owns 8,980 shares of the apparel retailer’s stock valued at $310,000 after buying an additional 258 shares during the period. 76.21% of the stock is currently owned by institutional investors.

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