Urban Outfitters, Inc. (URBN) Given Average Rating of “Hold” by Brokerages
Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given a consensus recommendation of “Hold” by the thirty-two ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $22.20.
A number of equities research analysts recently issued reports on URBN shares. Jefferies Group LLC reissued a “buy” rating and set a $23.00 price target on shares of Urban Outfitters in a research note on Friday, June 9th. Robert W. Baird set a $22.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research note on Wednesday, August 16th. KeyCorp set a $26.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Bank of America Corporation set a $24.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, SunTrust Banks, Inc. restated a “buy” rating on shares of Urban Outfitters in a report on Wednesday, August 16th.
Urban Outfitters (NASDAQ URBN) traded down 0.04% during trading on Friday, hitting $22.76. The stock had a trading volume of 3,432,097 shares. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $40.80. The stock has a 50 day moving average price of $20.09 and a 200-day moving average price of $20.80. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 15.23 and a beta of 0.59.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. Urban Outfitters had a return on equity of 13.61% and a net margin of 4.92%. The firm had revenue of $873.00 million during the quarter, compared to analyst estimates of $860.80 million. During the same period last year, the company earned $0.66 EPS. Urban Outfitters’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Urban Outfitters will post $1.41 EPS for the current year.
Urban Outfitters announced that its board has initiated a share repurchase plan on Thursday, August 24th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the apparel retailer to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
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Several hedge funds have recently bought and sold shares of URBN. Profund Advisors LLC purchased a new stake in shares of Urban Outfitters in the first quarter valued at approximately $300,000. ProShare Advisors LLC lifted its holdings in Urban Outfitters by 5.5% in the first quarter. ProShare Advisors LLC now owns 16,738 shares of the apparel retailer’s stock valued at $398,000 after acquiring an additional 871 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Urban Outfitters by 58.7% in the first quarter. Janney Montgomery Scott LLC now owns 14,549 shares of the apparel retailer’s stock valued at $346,000 after acquiring an additional 5,381 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Urban Outfitters by 337.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 40,824 shares of the apparel retailer’s stock valued at $970,000 after acquiring an additional 31,500 shares during the last quarter. Finally, State Treasurer State of Michigan lifted its holdings in Urban Outfitters by 24.2% in the first quarter. State Treasurer State of Michigan now owns 35,900 shares of the apparel retailer’s stock valued at $853,000 after acquiring an additional 7,005 shares during the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.
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.
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