Share on StockTwits

Urban Outfitters (NASDAQ:URBN) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 5,147,190 shares, a drop of 19.7% from the April 30th total of 6,413,715 shares, StockRatingsNetwork.com reports. Approximately 4.6% of the company’s stock are sold short. Based on an average trading volume of 1,986,770 shares, the short-interest ratio is currently 2.6 days.

A number of analysts have recently weighed in on URBN shares. Analysts at Zacks reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Wednesday, May 21st. They now have a $35.00 price target on the stock. Separately, analysts at Maxim Group cut their price target on shares of Urban Outfitters from $35.00 to $30.00 in a research note on Wednesday, May 21st. They now have a “hold” rating on the stock. Finally, analysts at Sterne Agee reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday, May 20th. They now have a $37.00 price target on the stock, down previously from $38.00. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $42.14.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 33.59 on Wednesday. Urban Outfitters has a one year low of $32.23 and a one year high of $44.15. The stock’s 50-day moving average is $35.04 and its 200-day moving average is $36.33. The company has a market cap of $4.624 billion and a P/E ratio of 18.26.

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 $1.95 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.

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.