Today: Urban Outfitters Inc. (URBN) Lowered by Vetr Inc.

Today: Urban Outfitters Inc. (URBN) Lowered by Vetr Inc.

Vetr downgraded shares of Urban Outfitters Inc. (NASDAQ:URBN) from a hold rating to a sell rating in a research report report published on Wednesday. They currently have $37.12 price objective on the apparel retailer’s stock.

URBN has been the subject of several other research reports. Jefferies Group upped their price target on shares of Urban Outfitters from $38.00 to $40.00 and gave the stock a buy rating in a research report on Wednesday, August 17th. Wolfe Research raised shares of Urban Outfitters from a peer perform rating to an outperform rating and upped their price target for the stock from $36.00 to $43.00 in a research report on Wednesday, September 7th. Robert W. Baird reaffirmed an outperform rating and issued a $38.00 price target on shares of Urban Outfitters in a research report on Saturday, September 10th. Nomura upped their price target on shares of Urban Outfitters from $30.00 to $33.00 and gave the stock a neutral rating in a research report on Wednesday, August 17th. Finally, Evercore ISI raised shares of Urban Outfitters from a hold rating to a buy rating and upped their price target for the stock from $38.00 to $40.00 in a research report on Wednesday, August 17th. Twenty-two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $35.79.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Wednesday. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80. The firm has a 50-day moving average of $35.15 and a 200-day moving average of $31.98. The company has a market cap of $3.94 billion, a P/E ratio of 18.85 and a beta of 0.69.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.04. The company earned $862.50 million during the quarter. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. Urban Outfitters’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. Equities research analysts forecast that Urban Outfitters will post $2.05 earnings per share for the current 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 24.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of URBN. Palo Capital Inc. purchased a new position in shares of Urban Outfitters during the second quarter worth about $408,000. First Quadrant L P CA increased its stake in shares of Urban Outfitters by 253.7% in the second quarter. First Quadrant L P CA now owns 473,601 shares of the apparel retailer’s stock valued at $13,024,000 after buying an additional 339,701 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Urban Outfitters by 304.6% in the second quarter. Acadian Asset Management LLC now owns 19,365 shares of the apparel retailer’s stock valued at $532,000 after buying an additional 14,579 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Urban Outfitters during the second quarter valued at $572,000. Finally, GW&K Investment Management LLC increased its stake in shares of Urban Outfitters by 18.1% in the second quarter. GW&K Investment Management LLC now owns 404,123 shares of the apparel retailer’s stock valued at $11,113,000 after buying an additional 62,027 shares in the last quarter. Institutional investors own 76.21% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

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