Urban Outfitters, Inc. (NASDAQ:URBN) had its target price hoisted by research analysts at B. Riley from $19.00 to $24.00 in a note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. B. Riley’s price target indicates a potential downside of 15.10% from the stock’s current price.

A number of other research firms also recently issued reports on URBN. KeyCorp lifted their price objective on shares of Urban Outfitters to $3.00 and gave the stock an “overweight” rating in a report on Tuesday. Jefferies Group LLC lifted their price objective on shares of Urban Outfitters to $34.00 and gave the stock a “buy” rating in a report on Tuesday. J P Morgan Chase & Co raised shares of Urban Outfitters from a “neutral” rating to an “overweight” rating in a report on Tuesday. Royal Bank Of Canada lifted their price objective on shares of Urban Outfitters from $21.00 to $30.00 and gave the stock a “sector perform” rating in a report on Tuesday. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $28.00 price objective (up from $19.00) on shares of Urban Outfitters in a report on Tuesday. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and ten have assigned a buy rating to the stock. Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $23.93.

Urban Outfitters (URBN) traded up $0.37 during midday trading on Tuesday, hitting $28.27. 10,838,900 shares of the stock were exchanged, compared to its average volume of 3,407,364. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $39.29. The company has a market cap of $3,100.00, a P/E ratio of 18.35, a P/E/G ratio of 1.69 and a beta of 0.62.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.61%. The company had revenue of $892.77 million during the quarter, compared to the consensus estimate of $860.64 million. During the same period in the previous year, the firm posted $0.40 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. equities research analysts forecast that Urban Outfitters will post 1.43 EPS for the current year.

Urban Outfitters declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 24th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the apparel retailer to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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Several hedge funds and other institutional investors have recently modified their holdings of URBN. Shapiro Capital Management LLC lifted its stake in shares of Urban Outfitters by 586.5% in the second quarter. Shapiro Capital Management LLC now owns 8,827,740 shares of the apparel retailer’s stock worth $163,666,000 after buying an additional 7,541,840 shares in the last quarter. Senvest Management LLC bought a new position in shares of Urban Outfitters in the third quarter worth approximately $36,629,000. Dimensional Fund Advisors LP lifted its stake in shares of Urban Outfitters by 84.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,199,015 shares of the apparel retailer’s stock worth $59,310,000 after buying an additional 1,462,130 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Urban Outfitters in the second quarter worth approximately $23,205,000. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Urban Outfitters by 59.2% in the second quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock worth $33,928,000 after buying an additional 680,511 shares in the last quarter. Hedge funds and other institutional investors own 87.35% 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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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