Urban Outfitters, Inc. (NASDAQ:URBN)‘s stock had its “equal weight” rating reaffirmed by Morgan Stanley in a note issued to investors on Friday. They currently have a $19.00 price objective on the apparel retailer’s stock, down from their previous price objective of $27.00. Morgan Stanley’s price objective suggests a potential downside of 2.31% from the company’s current price.

A number of other analysts have also recently commented on the company. KeyCorp upgraded Urban Outfitters from a “sector weight” rating to an “overweight” rating and set a $28.00 price objective for the company in a research report on Tuesday, March 21st. Jefferies Group LLC set a $35.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a research report on Monday, April 10th. Credit Suisse Group AG reiterated a “hold” rating and set a $28.00 price objective on shares of Urban Outfitters in a research report on Sunday, March 12th. Wedbush reiterated a “neutral” rating and set a $26.00 price objective on shares of Urban Outfitters in a research report on Tuesday, March 21st. Finally, William Blair reiterated an “outperform” rating on shares of Urban Outfitters in a research report on Wednesday, February 8th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $27.88.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Urban Outfitters (NASDAQ:URBN) opened at 19.45 on Friday. The firm has a market cap of $2.26 billion, a PE ratio of 11.35 and a beta of 0.66. Urban Outfitters has a 12 month low of $18.76 and a 12 month high of $40.80. The stock’s 50 day moving average is $22.55 and its 200 day moving average is $27.31.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, May 16th. The apparel retailer reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $761.20 million for the quarter, compared to analysts’ expectations of $768.95 million. Urban Outfitters had a return on equity of 18.88% and a net margin of 6.42%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS. On average, equities analysts forecast that Urban Outfitters will post $1.58 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP raised its position in shares of Urban Outfitters by 17.7% in the third quarter. Quantbot Technologies LP now owns 21,406 shares of the apparel retailer’s stock worth $738,000 after buying an additional 3,218 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Urban Outfitters during the third quarter worth about $5,178,000. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of Urban Outfitters by 23.9% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 86,915 shares of the apparel retailer’s stock worth $3,000,000 after buying an additional 16,779 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in shares of Urban Outfitters during the third quarter worth about $5,343,000. Finally, BlackRock Fund Advisors raised its position in shares of Urban Outfitters by 4.6% in the third quarter. BlackRock Fund Advisors now owns 1,406,494 shares of the apparel retailer’s stock worth $48,552,000 after buying an additional 62,098 shares during the last quarter. 78.05% of the stock is currently owned by institutional investors.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

12 Month Chart for NASDAQ:URBN

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