Wunderlich downgraded shares of Urban Outfitters Inc. (NASDAQ:URBN) from a buy rating to a hold rating in a research note published on Wednesday. The brokerage currently has $32.00 price target on the apparel retailer’s stock, down from their previous price target of $40.00.
URBN has been the subject of several other research reports. Wells Fargo & Co. restated a hold rating and issued a $33.00 price objective (up previously from $29.00) on shares of Urban Outfitters in a research note on Wednesday, September 28th. Vetr downgraded shares of Urban Outfitters from a buy rating to a hold rating and set a $37.50 price objective for the company. in a research note on Tuesday, September 6th. Goldman Sachs Group Inc. downgraded shares of Urban Outfitters from a buy rating to a neutral rating and upped their price objective for the company from $33.00 to $35.00 in a research note on Monday, August 22nd. Royal Bank Of Canada upped their target price on shares of Urban Outfitters from $29.00 to $34.00 and gave the company a sector perform rating in a report on Wednesday, August 17th. Finally, Citigroup Inc. raised shares of Urban Outfitters from a neutral rating to a buy rating in a report on Tuesday, November 15th. Twenty-two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Urban Outfitters currently has an average rating of Hold and a consensus price target of $35.79.
Urban Outfitters (NASDAQ:URBN) opened at 32.41 on Wednesday. The company has a market cap of $3.80 billion, a PE ratio of 18.21 and a beta of 0.69. Urban Outfitters has a 52 week low of $20.06 and a 52 week high of $40.80. The company has a 50-day moving average price of $35.03 and a 200 day moving average price of $32.08.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data 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. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The company earned $862.50 million during the quarter. During the same period in the previous year, the company earned $0.42 EPS. Urban Outfitters’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts forecast that Urban Outfitters will post $2.05 EPS for the current fiscal year.
In other news, General Counsel Azeez Hayne sold 6,260 shares of Urban Outfitters stock in a transaction dated Monday, November 14th. The shares were 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 Securities & Exchange Commission, which is available through the SEC website. 24.30% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake 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 valued at $104,000 after buying an additional 1,550 shares in the last quarter. Robecosam AG purchased a new stake in shares of Urban Outfitters during the second quarter valued at $108,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Urban Outfitters by 11.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,150 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 327 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Urban Outfitters during the second quarter valued at $121,000. Finally, LS Investment Advisors LLC increased its stake 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 valued at $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