Urban Outfitters (NASDAQ:URBN) received a $37.00 target price from investment analysts at Royal Bank of Canada in a research note issued on Friday. The firm presently has a “hold” rating on the apparel retailer’s stock. Royal Bank of Canada’s price target suggests a potential upside of 8.09% from the company’s current price.
URBN has been the subject of a number of other reports. Robert W. Baird reiterated a “buy” rating and issued a $24.00 price objective on shares of Urban Outfitters in a research report on Wednesday, November 1st. Wolfe Research lifted their price objective on Urban Outfitters from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research report on Thursday, November 23rd. Telsey Advisory Group lifted their price objective on Urban Outfitters from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 2nd. Finally, SunTrust Banks set a $35.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a research report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have given a buy rating to the stock. Urban Outfitters presently has an average rating of “Hold” and an average target price of $26.62.
Urban Outfitters (NASDAQ:URBN) traded up $1.87 during trading on Friday, hitting $34.23. The company had a trading volume of 5,069,249 shares, compared to its average volume of 2,400,000. Urban Outfitters has a fifty-two week low of $16.19 and a fifty-two week high of $36.10. The company has a market capitalization of $3,920.00, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62.
Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings 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 valued at $101,640,000 after purchasing an additional 1,053,712 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings 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 valued at $101,215,000 after purchasing an additional 308,063 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings 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 valued at $33,928,000 after purchasing an additional 680,511 shares in the last quarter. Senvest Management LLC bought a new position in shares of Urban Outfitters during the 3rd quarter valued at about $36,629,000. Finally, Disciplined Growth Investors Inc. MN lifted its holdings in shares of Urban Outfitters by 0.5% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 930,015 shares of the apparel retailer’s stock valued at $17,242,000 after purchasing an additional 4,965 shares in the last quarter. Institutional investors and hedge funds own 84.51% 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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