Urban Outfitters’ (URBN) “Neutral” Rating Reiterated at MKM Partners
Urban Outfitters Inc. (NASDAQ:URBN)‘s stock had its “neutral” rating reiterated by equities research analysts at MKM Partners in a research report issued on Wednesday. They currently have a $36.00 price target on the apparel retailer’s stock. MKM Partners’ target price points to a potential upside of 1.12% from the stock’s current price.
A number of other equities analysts have also recently issued reports on URBN. Deutsche Bank AG increased their target price on Urban Outfitters from $28.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, July 25th. BMO Capital Markets reiterated an “average” rating and issued a $28.00 target price on shares of Urban Outfitters in a report on Thursday, July 7th. Stifel Nicolaus raised their price objective on Urban Outfitters from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Nomura raised their price objective on Urban Outfitters from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 17th. Finally, Jefferies Group restated a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of Urban Outfitters in a research note on Friday, September 2nd. Twenty-two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.78.
Urban Outfitters (NASDAQ:URBN) traded up 1.01% during trading on Wednesday, hitting $35.96. 775,613 shares of the company’s stock traded hands. The company has a market cap of $4.22 billion, a PE ratio of 18.52 and a beta of 0.91. The company’s 50 day moving average price is $35.88 and its 200 day moving average price is $31.06. Urban Outfitters has a 52-week low of $19.26 and a 52-week high of $37.82.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/urban-outfitters-urbn-neutral-rating-reiterated-at-mkm-partners-2.html
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $0.52 EPS. Urban Outfitters’s quarterly revenue was up 2.7% compared to the same quarter last year. Analysts expect that Urban Outfitters will post $2.06 earnings per share for the current year.
In other Urban Outfitters news, CFO Frank Conforti sold 4,000 shares of the 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 transaction, the chief financial officer now owns 4,000 shares of the company’s stock, valued at $149,680. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 24.30% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in 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 worth $104,000 after buying an additional 1,550 shares in the last quarter. Robecosam AG purchased a new position in Urban Outfitters during the second quarter worth $108,000. Fuller & Thaler Asset Management Inc. purchased a new position in Urban Outfitters during the second quarter worth $121,000. LS Investment Advisors LLC increased 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 worth $129,000 after buying an additional 651 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new position in Urban Outfitters during the second quarter worth $203,000. 72.05% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Urban Outfitters Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters Inc. and related companies with MarketBeat.com's FREE daily email newsletter.