Urban Outfitters, Inc. (URBN) Given a $17.00 Price Target at Royal Bank Of Canada
Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned a $17.00 target price by research analysts at Royal Bank Of Canada in a research note issued to investors on Monday. The firm currently has a “hold” rating on the apparel retailer’s stock. Royal Bank Of Canada’s price objective suggests a potential downside of 7.91% from the company’s current price.
Other analysts also recently issued research reports about the company. Wells Fargo & Company reaffirmed a “market perform” rating and set a $16.00 price objective (down previously from $18.00) on shares of Urban Outfitters in a research note on Friday, June 9th. Jefferies Group LLC set a $35.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a research note on Monday, April 10th. Wolfe Research downgraded Urban Outfitters from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, May 9th. Bank of America Corporation reiterated a “buy” rating and set a $25.00 target price (down previously from $30.00) on shares of Urban Outfitters in a report on Wednesday, May 17th. Finally, KeyCorp upgraded Urban Outfitters from a “sector weight” rating to an “overweight” rating and set a $28.00 target price for the company in a report on Tuesday, March 21st. Three analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have assigned a buy rating to the company. Urban Outfitters currently has an average rating of “Hold” and an average price target of $25.53.
Shares of Urban Outfitters (NASDAQ URBN) traded down 3.79% during trading on Monday, hitting $17.77. The company had a trading volume of 1,254,983 shares. The firm has a 50 day moving average of $18.75 and a 200 day moving average of $23.96. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $40.80. The stock has a market cap of $2.06 billion, a PE ratio of 10.37 and a beta of 0.65.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $761.20 million during the quarter, compared to analyst estimates of $768.95 million. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. On average, analysts forecast that Urban Outfitters will post $1.42 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Urban Outfitters by 9,872.9% in the first quarter. BlackRock Inc. now owns 13,405,864 shares of the apparel retailer’s stock valued at $318,523,000 after buying an additional 13,271,441 shares in the last quarter. FMR LLC increased its position in Urban Outfitters by 7.8% in the first quarter. FMR LLC now owns 5,847,098 shares of the apparel retailer’s stock valued at $138,927,000 after buying an additional 424,156 shares in the last quarter. Bank of New York Mellon Corp increased its position in Urban Outfitters by 45.2% in the first quarter. Bank of New York Mellon Corp now owns 3,916,563 shares of the apparel retailer’s stock valued at $93,056,000 after buying an additional 1,218,502 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Urban Outfitters by 17.6% in the first quarter. TIAA CREF Investment Management LLC now owns 2,084,087 shares of the apparel retailer’s stock valued at $49,518,000 after buying an additional 311,891 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Urban Outfitters during the first quarter valued at about $48,801,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.
Urban Outfitters Company Profile
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.
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