Urban Outfitters Inc. (URBN) Stock Rating Lowered by Vetr Inc.
Urban Outfitters Inc. (NASDAQ:URBN) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They presently have a $37.57 target price on the apparel retailer’s stock. Vetr‘s price objective suggests a potential upside of 3.50% from the stock’s current price.
Several other equities research analysts have also recently commented on URBN. Wells Fargo & Co. reaffirmed a “market perform” rating and set a $25.00 price objective (down from $26.00) on shares of Urban Outfitters in a research report on Monday, June 13th. Citigroup Inc. reaffirmed a “buy” rating and set a $35.00 price objective on shares of Urban Outfitters in a research report on Monday, June 13th. Wedbush reissued a “neutral” rating and issued a $29.00 target price (down from $30.00) on shares of Urban Outfitters in a research report on Monday, June 13th. BMO Capital Markets reissued an “average” rating and issued a $28.00 target price on shares of Urban Outfitters in a research report on Thursday, July 7th. Finally, Deutsche Bank AG raised their target price on Urban Outfitters from $28.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, July 25th. Twenty-two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Urban Outfitters has an average rating of “Hold” and a consensus price target of $35.63.
Urban Outfitters (NASDAQ:URBN) traded down 0.85% on Monday, reaching $36.30. 1,100,348 shares of the company’s stock traded hands. The firm has a market cap of $4.26 billion, a PE ratio of 18.69 and a beta of 0.91. Urban Outfitters has a 12 month low of $19.26 and a 12 month high of $37.82. The firm’s 50-day moving average is $35.91 and its 200 day moving average is $31.03.
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Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 16th. The apparel retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.56 by $0.10. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. The company had revenue of $890.57 million for the quarter, compared to analysts’ expectations of $886.39 million. During the same period last year, the firm posted $0.52 earnings per share. Urban Outfitters’s revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that Urban Outfitters will post $2.06 EPS for the current year.
In other news, CFO Frank Conforti sold 4,000 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $37.42, for a total value of $149,680.00. Following the sale, the chief financial officer now owns 4,000 shares in the company, valued at $149,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 24.30% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Advantus Capital Management Inc increased its stake in shares of Urban Outfitters by 1.4% in the second quarter. Advantus Capital Management Inc now owns 8,387 shares of the apparel retailer’s stock worth $231,000 after buying an additional 113 shares during the last quarter. State Treasurer State of Michigan increased its stake in shares of Urban Outfitters by 0.7% in the second quarter. State Treasurer State of Michigan now owns 30,119 shares of the apparel retailer’s stock worth $828,000 after buying an additional 200 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Urban Outfitters by 0.3% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 74,289 shares of the apparel retailer’s stock worth $2,564,000 after buying an additional 255 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in shares of Urban Outfitters by 1.3% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 22,731 shares of the apparel retailer’s stock worth $785,000 after buying an additional 297 shares during the last quarter. Finally, IBM Retirement Fund increased its stake in shares of Urban Outfitters by 3.4% in the second quarter. IBM Retirement Fund now owns 9,019 shares of the apparel retailer’s stock worth $248,000 after buying an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
To view Vetr’s full report, visit Vetr’s official website.
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