Share on StockTwits

Analysts at ING cut their target price on shares of Urban Outfitters (NASDAQ:URBN) from $54.00 to $50.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. ING’s price target indicates a potential upside of 38.24% from the stock’s previous close.

Shares of Urban Outfitters (NASDAQ:URBN) traded down 6.75% on Tuesday, hitting $33.73. 5,618,810 shares of the company’s stock traded hands. 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 $4.876 billion and a price-to-earnings ratio of 19.14. Urban Outfitters also saw unusually large options trading on Monday. Stock traders bought 14,247 call options on the company. This represents an increase of 900% compared to the typical 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 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter 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.

A number of other firms have also recently commented on URBN. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Urban Outfitters in a research note on Tuesday. They now have a $43.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Urban Outfitters from $40.00 to $38.00 in a research note on Tuesday. Finally, analysts at Citigroup Inc. cut their price target on shares of Urban Outfitters from $43.00 to $40.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Urban Outfitters presently has a consensus rating of “Buy” and a consensus price target of $42.46.

Urban Outfitters, Inc (NASDAQ:URBN) is a lifestyle specialty retail company, which operates under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.