Urban Outfitters Price Target Increased to $51.00 by Analysts at FBR Capital Markets (URBN)
FBR Capital Markets raised their target price on shares of Urban Outfitters (NASDAQ:URBN) from $43.00 to $51.00 in a research note issued on Tuesday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price objective would suggest a potential upside of 34.28% from the company’s current price.
Shares of Urban Outfitters (NASDAQ:URBN) traded up 0.05% during mid-day trading on Tuesday, hitting $37.98. 2,563,579 shares of the company’s stock traded hands. Urban Outfitters has a one year low of $35.00 and a one year high of $44.96. The stock has a 50-day moving average of $37.28 and a 200-day moving average of $39.22. The company has a market cap of $5.595 billion and a price-to-earnings ratio of 20.44.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Monday, November 18th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.02. The company had revenue of $774.00 million for the quarter, compared to the consensus estimate of $771.10 million. During the same quarter last year, the company posted $0.40 earnings per share. Urban Outfitters’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Urban Outfitters will post $1.88 earnings per share for the current fiscal year.
URBN has been the subject of a number of other recent research reports. Analysts at Ascendiant Capital Markets upgraded shares of Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research note to investors on Monday. They now have a $55.00 price target on the stock, up previously from $50.00. Separately, analysts at Jefferies Group upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. They now have a $54.00 price target on the stock, up previously from $40.00. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. They now have a $44.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Urban Outfitters currently has a consensus rating of “Buy” and an average price target of $47.00.
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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