Urban Outfitters Upgraded to “Overweight” at Atlantic Securities (URBN)
Urban Outfitters (NASDAQ:URBN) was upgraded by research analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating in a report released on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $44.00 price objective on the stock. Atlantic Securities’ price target points to a potential upside of 17.05% from the stock’s previous close.
A number of other firms have also recently commented on URBN. Analysts at Wells Fargo & Co. reiterated a “neutral” rating on shares of Urban Outfitters in a research note to investors on Monday, October 14th. Separately, analysts at UBS AG cut their price target on shares of Urban Outfitters from $45.00 to $39.00 in a research note to investors on Friday, October 11th. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Urban Outfitters in a research note to investors on Thursday, October 3rd. They now have a $48.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and an average price target of $46.07.
Urban Outfitters (NASDAQ:URBN) traded up 3.13% on Thursday, hitting $37.59. The stock had a trading volume of 2,325,361 shares. Urban Outfitters has a 1-year low of $34.38 and a 1-year high of $44.96. The stock has a 50-day moving average of $41.61 and a 200-day moving average of $41.30. The company has a market cap of $5.540 billion and a price-to-earnings ratio of 20.28.
Urban Outfitters (NASDAQ:URBN) last announced its 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.
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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