Urban Outfitters Price Target Cut to $41.00 (URBN)
Equities research analysts at Telsey Advisory Group dropped their price target on shares of Urban Outfitters (NASDAQ:URBN) from $43.00 to $41.00 in a research note issued to investors on Tuesday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 13.35% from the company’s current price.
A number of other analysts have also recently weighed in on URBN. Analysts at Piper Jaffray reiterated a “positive” rating on shares of Urban Outfitters in a research note on Tuesday. Separately, analysts at Stifel Nicolaus cut their price target on shares of Urban Outfitters from $48.00 to $44.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Urban Outfitters from $49.00 to $48.00 in a research note on Monday. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $42.73.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 36.17 on Tuesday. Urban Outfitters has a 52-week low of $33.95 and a 52-week high of $44.35. The stock’s 50-day moving average is $36.29 and its 200-day moving average is $36.83. The company has a market cap of $5.229 billion and a price-to-earnings ratio of 19.14. Urban Outfitters also was the target of unusually large options trading activity on Monday. Traders acquired 14,247 call options on the stock. This is an increase of 900% compared to the average daily volume of 1,425 call options.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Monday, May 19th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $0.01. The company had revenue of $686.30 million for the quarter, compared to the consensus estimate of $680.61 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Urban Outfitters will post $2.01 earnings per share for the current fiscal 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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