Urban Outfitters Inc. (URBN) Receives Average Recommendation of “Hold” from Brokerages
Urban Outfitters Inc. (NASDAQ:URBN) has received a consensus rating of “Hold” from the thirty-seven ratings firms that are covering the firm. Twenty-two analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $35.60.
URBN has been the topic of a number of recent analyst reports. Wells Fargo & Co. restated a “market perform” rating and issued a $25.00 price target (down previously from $26.00) on shares of Urban Outfitters in a research report on Monday, June 13th. Citigroup Inc. reiterated a “buy” rating and set a $35.00 target price on shares of Urban Outfitters in a research report on Monday, June 13th. Wedbush reiterated a “neutral” rating and set a $29.00 target price (down previously from $30.00) on shares of Urban Outfitters in a research report on Monday, June 13th. BMO Capital Markets reiterated an “average” rating and set a $28.00 target price on shares of Urban Outfitters in a research report on Thursday, July 7th. Finally, Deutsche Bank AG boosted their target price on shares of Urban Outfitters from $28.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, July 25th.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 0.61% during mid-day trading on Tuesday, reaching $36.08. 456,447 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $35.91 and its 200 day moving average price is $31.03. Urban Outfitters has a 52-week low of $19.26 and a 52-week high of $37.82. The company has a market cap of $4.23 billion, a PE ratio of 18.58 and a beta of 0.91.
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Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. The firm had revenue of $890.57 million for the quarter, compared to the consensus estimate of $886.39 million. Urban Outfitters had a net margin of 6.63% and a return on equity of 19.57%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 EPS. On average, equities research analysts predict that Urban Outfitters will post $2.06 EPS for the current year.
In other Urban Outfitters news, CFO Frank Conforti sold 4,000 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $37.42, for a total transaction of $149,680.00. Following the completion of the transaction, the chief financial officer now owns 4,000 shares of the company’s stock, valued at $149,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 24.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in shares of Urban Outfitters by 70.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,758 shares of the apparel retailer’s stock valued at $104,000 after buying an additional 1,550 shares in the last quarter. Robecosam AG bought a new position in Urban Outfitters during the second quarter valued at about $108,000. Fuller & Thaler Asset Management Inc. bought a new position in Urban Outfitters during the second quarter valued at about $121,000. LS Investment Advisors LLC raised its position in Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 651 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new position in Urban Outfitters during the second quarter valued at about $203,000. 72.05% of the stock is owned by institutional investors and hedge funds.
About Urban Outfitters
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.
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