Wedbush set a $34.00 price target on Urban Outfitters Inc. (NASDAQ:URBN) in a report published on Friday. The firm currently has a hold rating on the apparel retailer’s stock.
Several other research firms have also commented on URBN. Jefferies Group lifted their price target on 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 upgraded Urban Outfitters from a peer perform rating to an outperform rating and boosted their target price for the company from $36.00 to $43.00 in a research report on Wednesday, September 7th. BMO Capital Markets restated a market perform rating and set a $34.00 target price on shares of Urban Outfitters in a research report on Wednesday, November 23rd. Robert W. Baird restated an outperform rating and set a $38.00 target price on shares of Urban Outfitters in a research report on Saturday, September 10th. Finally, Nomura boosted their target price on Urban Outfitters from $30.00 to $33.00 and gave the company a neutral rating in a research report on Wednesday, August 17th. Twenty-two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Urban Outfitters presently 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 Friday. The company has a 50 day moving average price of $35.15 and a 200 day moving average price of $31.98. Urban Outfitters has a 1-year low of $20.06 and a 1-year high of $40.80. The stock 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 released its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the Thomson Reuters’ 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%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. On average, equities analysts anticipate that Urban Outfitters will post $2.05 EPS for the current year.
In other news, General Counsel Azeez Hayne sold 6,260 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 24.30% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Emerald Advisers Inc. PA boosted its position in Urban Outfitters by 286.2% in the second quarter. Emerald Advisers Inc. PA now owns 661,805 shares of the apparel retailer’s stock worth $18,200,000 after buying an additional 490,430 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Urban Outfitters by 25.5% in the second quarter. Meeder Asset Management Inc. now owns 32,918 shares of the apparel retailer’s stock worth $906,000 after buying an additional 6,685 shares during the last quarter. GW&K Investment Management LLC boosted its position in 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 worth $11,113,000 after buying an additional 62,027 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in Urban Outfitters during the second quarter worth $9,815,000. Finally, Nuveen Asset Management LLC bought a new position in Urban Outfitters during the first quarter worth $1,162,000. 76.21% of the stock is owned by institutional investors and hedge funds.
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