Share on StockTwits

Urban Outfitters (NASDAQ:URBN) has earned an average recommendation of “Buy” from the thirty ratings firms that are currently covering the company, Analyst RN reports. Eleven investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $41.63.

URBN has been the subject of a number of recent research reports. Analysts at Macquarie upgraded shares of Urban Outfitters from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $43.00 price target on the stock, up previously from $37.00. Separately, analysts at Northland Securities initiated coverage on shares of Urban Outfitters in a research note on Wednesday. They set a “market perform” rating and a $37.00 price target on the stock. Finally, analysts at Wedbush downgraded shares of Urban Outfitters from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $37.00 price target on the stock, down previously from $46.00.

Urban Outfitters (NASDAQ:URBN) opened at 33.42 on Wednesday. Urban Outfitters has a 52 week low of $32.23 and a 52 week high of $44.15. The stock’s 50-day moving average is $33.97 and its 200-day moving average is $35.79. The company has a market cap of $4.604 billion and a P/E ratio of 18.22. Urban Outfitters also was the recipient of a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 7,018,940 shares, a growth of 41.7% from the May 30th total of 4,954,880 shares. Approximately 6.7% of the shares of the company are short sold. Based on an average daily trading volume, of 2,772,858 shares, the short-interest ratio is presently 2.5 days.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Monday, May 19th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.32 earnings per share. Urban Outfitters’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Urban Outfitters will post $1.96 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.