The Urban Outfitters Inc. (URBN) PT Set at $37.00 by Cowen and Company

The Urban Outfitters Inc. (URBN) PT Set at $37.00 by Cowen and Company

Urban Outfitters Inc. (NASDAQ:URBN) has been assigned a $37.00 target price by stock analysts at Cowen and Company in a report released on Thursday. The brokerage currently has a “hold” rating on the apparel retailer’s stock. Cowen and Company’s price target suggests a potential upside of 10.25% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Jefferies Group lifted their price objective on shares of Urban Outfitters from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Stifel Nicolaus boosted their target price on shares of Urban Outfitters from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Citigroup Inc. boosted their target price on shares of Urban Outfitters from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Evercore ISI upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $40.00 in a research report on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. boosted their target price on shares of Urban Outfitters from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Twenty-two 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 company. The company has an average rating of “Hold” and a consensus price target of $35.79.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Thursday. The stock has a 50 day moving average of $35.15 and a 200-day moving average of $31.98. Urban Outfitters has a 12 month low of $20.06 and a 12 month high of $40.80. The firm has a market capitalization of $3.94 billion, a PE ratio of 18.85 and a beta of 0.69.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.04. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The firm earned $862.50 million during the quarter. During the same quarter last year, the business posted $0.42 EPS. Urban Outfitters’s revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts anticipate that Urban Outfitters will post $2.05 EPS for the current fiscal year.

In other Urban Outfitters 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 value of $250,087.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 24.30% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised 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. Tower Research Capital LLC TRC boosted its position in 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 during the last quarter. Robecosam AG acquired a new position in Urban Outfitters during the second quarter valued at about $108,000. Fuller & Thaler Asset Management Inc. acquired a new position in Urban Outfitters during the second quarter valued at about $121,000. Finally, LS Investment Advisors LLC boosted its position in 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 during the last quarter. 74.17% of the stock is currently owned by hedge funds and other institutional investors.

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