Urban Outfitters (URBN) Cut to Buy at BidaskClub

Urban Outfitters (NASDAQ:URBN) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other equities analysts have also recently issued reports on URBN. Zacks Investment Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Saturday. B. Riley reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Wednesday, November 1st. Jefferies Group reiterated a “buy” rating and set a $25.00 price target on shares of Urban Outfitters in a research report on Thursday, September 28th. Telsey Advisory Group lifted their price target on Urban Outfitters from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday. Finally, Robert W. Baird restated a “buy” rating on shares of Urban Outfitters in a report on Friday, November 24th. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eleven have given a buy rating to the stock. Urban Outfitters has a consensus rating of “Hold” and an average price target of $25.63.

Urban Outfitters (NASDAQ:URBN) traded down $0.09 on Friday, reaching $34.26. The company had a trading volume of 3,249,313 shares, compared to its average volume of 2,438,370. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $36.10. The firm has a market cap of $3,718.34, a PE ratio of 22.84, a P/E/G ratio of 1.83 and a beta of 0.73.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results 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 firm 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 earned $0.40 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. equities research analysts predict that Urban Outfitters will post 1.56 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Sun Life Financial INC bought a new position in Urban Outfitters during the second quarter valued at about $151,000. Pacad Investment Ltd. acquired a new position in shares of Urban Outfitters in the 2nd quarter worth approximately $191,000. BT Investment Management Ltd acquired a new position in shares of Urban Outfitters in the 2nd quarter worth approximately $196,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Urban Outfitters by 0.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after acquiring an additional 43 shares in the last quarter. Finally, Invictus RG acquired a new position in shares of Urban Outfitters in the 3rd quarter worth approximately $241,000. Institutional investors and hedge funds 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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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