Trading Report: The Urban Outfitters’ (URBN) “Buy” Rating Reiterate at Robert W. Baird

The Urban Outfitters’ (URBN) “Buy” Rating Reiterate at Robert W. Baird

Urban Outfitters Inc. (NASDAQ:URBN)‘s stock had its “buy” rating restated by Robert W. Baird in a research note issued on Saturday.

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

Shares of Urban Outfitters (NASDAQ:URBN) traded down 2.19% during trading on Friday, reaching $33.56. The company’s stock had a trading volume of 3,252,662 shares. The stock has a market cap of $3.94 billion, a P/E ratio of 18.85 and a beta of 0.69. The stock has a 50-day moving average of $35.15 and a 200-day moving average of $31.98. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80.

Urban Outfitters (NASDAQ:URBN) last released its earnings results 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. The business earned $862.50 million during the quarter. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. Analysts predict that Urban Outfitters will post $2.05 earnings per share for the current fiscal year.

In other 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 transaction of $250,087.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 24.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised 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. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 during the last quarter. 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 raised 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. Hedge funds and other institutional investors own 74.17% of the company’s stock.

Urban Outfitters Company Profile

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