Urban Outfitters (URBN) Given New $30.00 Price Target at Nomura
Urban Outfitters (NASDAQ:URBN) had its price target upped by Nomura from $26.00 to $30.00 in a research note issued to investors on Wednesday. The firm presently has a “neutral” rating on the apparel retailer’s stock. Nomura’s target price points to a potential downside of 9.94% from the stock’s previous close.
Several other research analysts have also recently commented on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 target price on shares of Urban Outfitters in a report on Wednesday, November 1st. Wolfe Research raised their target price on shares of Urban Outfitters from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Thursday, November 23rd. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Tuesday, December 12th. Finally, Royal Bank of Canada set a $21.00 target price on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Monday, October 30th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.40.
Shares of Urban Outfitters (NASDAQ:URBN) traded down $1.33 during mid-day trading on Wednesday, reaching $33.31. 2,399,000 shares of the company’s stock traded hands, compared to its average volume of 3,163,210. The firm has a market capitalization of $3,660.00, a P/E ratio of 22.21, a PEG ratio of 1.85 and a beta of 0.73. Urban Outfitters has a 1 year low of $16.19 and a 1 year high of $36.10.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.08. The firm had revenue of $892.77 million during the quarter, compared to the consensus estimate of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. research analysts expect that Urban Outfitters will post 1.56 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Empirical Finance LLC lifted its holdings in shares of Urban Outfitters by 45.9% during the third quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock worth $2,322,000 after purchasing an additional 30,559 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Urban Outfitters by 39.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock worth $572,000 after purchasing an additional 8,800 shares during the period. Formula Growth Ltd. acquired a new position in shares of Urban Outfitters during the second quarter worth $2,985,000. Legal & General Group Plc lifted its holdings in shares of Urban Outfitters by 6.3% during the third quarter. Legal & General Group Plc now owns 119,189 shares of the apparel retailer’s stock worth $2,849,000 after purchasing an additional 7,046 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Urban Outfitters by 3.4% during the second quarter. California Public Employees Retirement System now owns 349,700 shares of the apparel retailer’s stock worth $6,483,000 after purchasing an additional 11,400 shares during the period. Institutional investors own 86.24% of the company’s stock.
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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.
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