Urban Outfitters Given “Buy” Rating at Canaccord Genuity (URBN)
Urban Outfitters (NASDAQ:URBN)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a research report issued on Thursday, Stock Ratings Network reports. They currently have a $48.00 price target on the stock. Canaccord Genuity’s target price would suggest a potential upside of 30.01% from the company’s current price.
Urban Outfitters (NASDAQ:URBN) traded down 0.60% on Thursday, hitting $36.70. The stock had a trading volume of 206,093 shares. Urban Outfitters has a 52 week low of $34.38 and a 52 week high of $44.96. The stock’s 50-day moving average is $39.83 and its 200-day moving average is $40.98. The company has a market cap of $5.409 billion and a price-to-earnings ratio of 20.55.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.03. The company had revenue of $758.52 million for the quarter, compared to the consensus estimate of $768.07 million. During the same quarter last year, the company posted $0.42 earnings per share. Urban Outfitters’s revenue was up 12.2% compared to the same quarter last year. Analysts expect that Urban Outfitters will post $1.92 EPS for the current fiscal year.
A number of other firms have also recently commented on URBN. Analysts at Sterne Agee cut their price target on shares of Urban Outfitters (NASDAQ:URBN) from $45.00 to $36.92 in a research note to investors on Thursday. They now have an “underperform” rating on the stock. They noted that the move was a valuation call. Separately, analysts at FBR Capital Markets initiated coverage on shares of Urban Outfitters (NASDAQ:URBN) in a research note to investors on Wednesday. They set an “outperform” rating and a $43.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. Urban Outfitters has a consensus rating of “Buy” and a consensus price target of $46.30.
Urban Outfitters, Inc (NASDAQ:URBN) is a lifestyle specialty retail company, which operates under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands.
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