Urban Outfitters (NASDAQ:URBN)‘s stock had its “neutral” rating reaffirmed by stock analysts at Nomura in a research note issued on Wednesday, MarketBeat.com reports. They currently have a $30.00 price objective on the apparel retailer’s stock, up from their prior price objective of $26.00. Nomura’s price target indicates a potential downside of 11.16% from the company’s current price.

Other analysts have also issued reports about the stock. Jefferies Group reissued a “buy” rating and set a $40.00 target price on shares of Urban Outfitters in a research note on Monday, December 18th. KeyCorp increased their target price on shares of Urban Outfitters to $3.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. BidaskClub lowered shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. BMO Capital Markets increased their target price on shares of Urban Outfitters from $20.00 to $28.00 and gave the company a “market perform” rating in a research note on Tuesday, November 21st. Finally, Zacks Investment Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 6th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.40.

Shares of Urban Outfitters (NASDAQ:URBN) traded up $0.46 during trading hours on Wednesday, hitting $33.77. 1,531,198 shares of the stock were exchanged, compared to its average volume of 2,940,000. The firm has a market cap of $3,660.00, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.85 and a beta of 0.73. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $36.10.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The company had revenue of $892.77 million during the quarter, compared to analyst estimates 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 in the prior year, the business posted $0.40 EPS. sell-side analysts expect that Urban Outfitters will post 1.56 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its stake in shares of Urban Outfitters by 2.4% during the 2nd quarter. FMR LLC now owns 5,986,454 shares of the apparel retailer’s stock worth $110,988,000 after purchasing an additional 139,356 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Urban Outfitters by 32.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock worth $101,640,000 after purchasing an additional 1,053,712 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Urban Outfitters by 7.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,234,875 shares of the apparel retailer’s stock worth $101,215,000 after purchasing an additional 308,063 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Urban Outfitters by 4.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,167,501 shares of the apparel retailer’s stock worth $40,185,000 after purchasing an additional 83,414 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in shares of Urban Outfitters by 59.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock worth $33,928,000 after purchasing an additional 680,511 shares during the last quarter. 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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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