Urban Outfitters, Inc. (URBN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have earned an average recommendation of “Hold” from the thirty-four analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.14.

Several research firms recently commented on URBN. Telsey Advisory Group lifted their price target 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. Zacks Investment Research lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Robert W. Baird set a $39.00 price objective on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Friday, December 22nd. BidaskClub downgraded shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Finally, Royal Bank of Canada set a $37.00 price objective on shares of Urban Outfitters and gave the stock a “hold” rating in a research note on Friday, February 9th.

Several institutional investors have recently bought and sold shares of URBN. Ameriprise Financial Inc. raised its stake in shares of Urban Outfitters by 15.6% during the second quarter. Ameriprise Financial Inc. now owns 283,120 shares of the apparel retailer’s stock valued at $5,247,000 after acquiring an additional 38,168 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Urban Outfitters by 16.2% during the second quarter. PNC Financial Services Group Inc. now owns 17,995 shares of the apparel retailer’s stock valued at $334,000 after acquiring an additional 2,515 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Urban Outfitters by 7.2% during the second quarter. Thrivent Financial For Lutherans now owns 17,870 shares of the apparel retailer’s stock valued at $331,000 after acquiring an additional 1,200 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Urban Outfitters by 7.9% during the second quarter. UBS Asset Management Americas Inc. now owns 76,190 shares of the apparel retailer’s stock valued at $1,413,000 after acquiring an additional 5,562 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake 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 valued at $572,000 after acquiring an additional 8,800 shares in the last quarter. 83.54% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters (URBN) opened at $34.14 on Wednesday. The company has a market capitalization of $3,700.00, a PE ratio of 22.76, a P/E/G ratio of 1.46 and a beta of 0.62. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $36.10.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 return on equity of 13.34% and a net margin of 4.81%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.40 earnings per share. analysts expect that Urban Outfitters will post 1.57 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This article was originally published by American Banking News and is the property of of American Banking News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/02/14/urban-outfitters-inc-urbn-receives-consensus-rating-of-hold-from-brokerages.html.

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)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply