Urban Outfitters Receives Neutral Rating from Zacks (URBN)
Urban Outfitters (NASDAQ:URBN)‘s stock had its “neutral” rating restated by Zacks in a report issued on Wednesday. They currently have a $41.00 target price on the stock. Zacks‘s price objective indicates a potential upside of 6.25% from the company’s current price.
URBN has been the subject of a number of other recent research reports. Analysts at Wedbush cut their price target on shares of Urban Outfitters from $37.00 to $36.00 in a research note on Tuesday. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Tuesday. They now have a $39.00 price target on the stock, up previously from $38.00. Finally, analysts at Telsey Advisory Group raised their price target on shares of Urban Outfitters from $41.00 to $43.00 in a research note on Tuesday. They now have a “not rated” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $42.24.
Shares of Urban Outfitters (NASDAQ:URBN) traded up 0.10% during mid-day trading on Wednesday, hitting $38.63. The stock had a trading volume of 1,606,175 shares. Urban Outfitters has a 52 week low of $32.23 and a 52 week high of $44.15. The stock has a 50-day moving average of $35.06 and a 200-day moving average of $35.39. The company has a market cap of $5.321 billion and a P/E ratio of 21.04. Urban Outfitters also saw unusually large options trading on Monday. Traders bought 11,664 call options on the company. This is an increase of approximately 842% compared to the average daily volume of 1,238 call options.
Urban Outfitters (NASDAQ:URBN) last released its earnings data on Monday, August 18th. The company reported $0.49 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.49. The company had revenue of $811.00 million for the quarter, compared to the consensus estimate of $807.00 million. During the same quarter last year, the company posted $0.51 earnings per share. Urban Outfitters’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Urban Outfitters will post $1.94 EPS 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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