Trade Report: Today: Urban Outfitters Inc. (URBN) Earns “Market Perform” Rating from BMO Capital Markets

Today: Urban Outfitters Inc. (URBN) Earns “Market Perform” Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their market perform rating on shares of Urban Outfitters Inc. (NASDAQ:URBN) in a research note released on Wednesday morning. BMO Capital Markets currently has a $34.00 price objective on the apparel retailer’s stock.

Several other equities analysts have also recently weighed in on the stock. Jefferies Group raised their target price on shares of Urban Outfitters from $38.00 to $40.00 and gave the company a buy rating in a research note on Wednesday, August 17th. Wolfe Research raised shares of Urban Outfitters from a peer perform rating to an outperform rating and raised their target price for the company from $36.00 to $43.00 in a research note on Wednesday, September 7th. Robert W. Baird reaffirmed an outperform rating and set a $38.00 target price on shares of Urban Outfitters in a research note on Saturday, September 10th. Nomura raised 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. Finally, Vetr cut shares of Urban Outfitters from a hold rating to a sell rating and set a $37.12 target price for the company. in a research note on Wednesday, November 23rd. Twenty-two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $35.79.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Wednesday. The firm has a 50-day moving average of $35.15 and a 200-day moving average of $31.98. Urban Outfitters has a one year low of $20.06 and a one year high of $40.80. 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 (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.04. The firm 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 period in the previous year, the business posted $0.42 earnings per share. 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 the firm’s 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 filing with the SEC, which is available through this link. 24.30% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in Urban Outfitters by 26.7% in the first quarter. Renaissance Technologies LLC now owns 340,100 shares of the apparel retailer’s stock valued at $11,254,000 after buying an additional 71,700 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in Urban Outfitters during the first quarter valued at $1,162,000. Adage Capital Partners GP L.L.C. acquired a new position in Urban Outfitters during the first quarter valued at $4,308,000. Envestnet Asset Management Inc. increased its position in Urban Outfitters by 40.2% in the first quarter. Envestnet Asset Management Inc. now owns 53,492 shares of the apparel retailer’s stock valued at $1,770,000 after buying an additional 15,337 shares in the last quarter. Finally, Babson Capital Management LLC acquired a new position in Urban Outfitters during the first quarter valued at $717,000. 76.21% of the stock is currently owned by hedge funds and other institutional investors.

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