Urban Outfitters (NASDAQ:URBN) has been given a $35.00 price objective by SunTrust Banks in a report issued on Monday. The firm currently has a “buy” rating on the apparel retailer’s stock. SunTrust Banks’ target price would suggest a potential upside of 8.46% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Robert W. Baird reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Urban Outfitters in a research note on Wednesday, November 1st. BMO Capital Markets set a $20.00 target price on Urban Outfitters and gave the company a “hold” rating in a research note on Monday, September 11th. Royal Bank of Canada reissued a “hold” rating and set a $21.00 target price on shares of Urban Outfitters in a research note on Monday, September 18th. BidaskClub raised Urban Outfitters from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research cut Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.80.

Urban Outfitters (NASDAQ:URBN) opened at $32.27 on Monday. Urban Outfitters has a twelve month low of $16.19 and a twelve month high of $34.23. The firm has a market capitalization of $3,581.94, a price-to-earnings ratio of 21.63, a PEG ratio of 1.78 and a beta of 0.73.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The company had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. During the same period last year, the firm posted $0.40 earnings per share. Urban Outfitters’s revenue was up 3.5% compared to the same quarter last year. equities analysts forecast that Urban Outfitters will post 1.55 EPS for the current fiscal year.

Urban Outfitters announced that its Board of Directors has authorized a share buyback plan on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Large investors have recently made changes to their positions in the company. Sun Life Financial INC purchased a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $151,000. Pacad Investment Ltd. purchased a new stake in Urban Outfitters in the 2nd quarter valued at approximately $191,000. BT Investment Management Ltd purchased a new stake in Urban Outfitters in the 2nd quarter valued at approximately $196,000. Oppenheimer Asset Management Inc. lifted its stake in Urban Outfitters by 0.4% in the 2nd 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. Finally, Invictus RG purchased a new stake in Urban Outfitters in the 3rd quarter valued at approximately $241,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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