Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received a consensus recommendation of “Hold” from the thirty-one brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $22.24.

Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated a “hold” rating and set a $21.00 price target on shares of Urban Outfitters in a research report on Monday, September 18th. Deutsche Bank AG lowered shares of Urban Outfitters from a “hold” rating to a “sell” rating and lowered their price target for the stock from $23.00 to $19.00 in a research report on Tuesday, October 3rd. Telsey Advisory Group upped their price target on shares of Urban Outfitters from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 16th. BMO Capital Markets set a $20.00 price target on shares of Urban Outfitters and gave the stock a “hold” rating in a research report on Monday, September 11th. Finally, Robert W. Baird set a $22.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 16th.

A number of hedge funds have recently bought and sold shares of URBN. Sun Life Financial INC purchased a new stake in Urban Outfitters during the second quarter valued at about $151,000. LS Investment Advisors LLC lifted its stake in Urban Outfitters by 12.5% during the second quarter. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer’s stock valued at $176,000 after buying an additional 1,052 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in Urban Outfitters during the second quarter valued at about $191,000. BT Investment Management Ltd purchased a new stake in Urban Outfitters during the second quarter valued at about $196,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Urban Outfitters by 0.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock valued at $198,000 after buying an additional 43 shares in the last quarter. 87.58% of the stock is owned by institutional investors.

Shares of Urban Outfitters (URBN) traded down 2.717% on Thursday, reaching $22.375. 1,945,158 shares of the company’s stock traded hands. The company has a 50 day moving average of $22.46 and a 200-day moving average of $20.63. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $40.80. The stock has a market capitalization of $2.46 billion, a PE ratio of 14.977 and a beta of 0.63.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.07. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.61%. The firm had revenue of $873.00 million during the quarter, compared to analyst estimates of $860.80 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts forecast that Urban Outfitters will post $1.41 earnings per share for the current year.

Urban Outfitters announced that its board has approved a share repurchase plan on Thursday, August 24th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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