Urban Outfitters (NASDAQ:URBN) had its price objective hoisted by research analysts at Telsey Advisory Group from $35.00 to $38.00 in a research report issued on Tuesday. The firm presently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 8.39% from the company’s current price.
A number of other research firms also recently weighed in on URBN. Robert W. Baird set a $39.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Friday, December 22nd. Wolfe Research upped their price target on shares of Urban Outfitters from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 price target on shares of Urban Outfitters in a research note on Monday, December 18th. KeyCorp reaffirmed a “buy” rating on shares of Urban Outfitters in a research note on Friday, December 15th. Finally, SunTrust Banks set a $35.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.63.
Shares of Urban Outfitters (NASDAQ URBN) traded down $0.20 during trading hours on Tuesday, reaching $35.06. 1,150,400 shares of the company’s stock traded hands, compared to its average volume of 3,395,265. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $35.86. The firm has a market cap of $3,795.19, a P/E ratio of 23.37, a P/E/G ratio of 1.87 and a beta of 0.73.
Hedge funds have recently added to or reduced their stakes in the business. Empirical Finance LLC lifted its stake in shares of Urban Outfitters by 45.9% in the third quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock valued at $2,322,000 after buying an additional 30,559 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Urban Outfitters by 39.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock valued at $572,000 after buying an additional 8,800 shares during the period. Formula Growth Ltd. bought a new stake in shares of Urban Outfitters in the second quarter valued at about $2,985,000. California Public Employees Retirement System lifted its stake in shares of Urban Outfitters by 3.4% in the second quarter. California Public Employees Retirement System now owns 349,700 shares of the apparel retailer’s stock valued at $6,483,000 after buying an additional 11,400 shares during the period. 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 valued at $33,928,000 after buying an additional 680,511 shares during the period. Institutional investors own 86.24% of the company’s stock.
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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.
