Urban Outfitters (NASDAQ:URBN) has been assigned a $26.00 target price by equities research analysts at Wedbush in a research report issued on Friday, TipRanks reports. The firm currently has a “hold” rating on the apparel retailer’s stock. Wedbush’s price objective indicates a potential downside of 3.63% from the stock’s current price.
Several other research analysts have also recently issued reports on the stock. BidaskClub cut shares of Urban Outfitters from a “sell” rating to a “strong sell” rating in a report on Wednesday. ValuEngine cut shares of Urban Outfitters from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 24th. Zacks Investment Research raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a report on Friday, April 12th. DA Davidson raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the stock from $30.00 to $36.00 in a report on Tuesday, April 2nd. Finally, MKM Partners reduced their target price on shares of Urban Outfitters to $31.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Urban Outfitters presently has an average rating of “Hold” and a consensus target price of $40.14.
Shares of Urban Outfitters stock traded up $0.19 during trading on Friday, hitting $26.98. 2,700,519 shares of the company’s stock were exchanged, compared to its average volume of 2,764,771. Urban Outfitters has a 52-week low of $25.96 and a 52-week high of $52.50. The stock has a market cap of $2.79 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 0.91 and a beta of 0.53.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, March 5th. The apparel retailer reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.05. Urban Outfitters had a net margin of 7.54% and a return on equity of 21.03%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the company posted $0.62 earnings per share. On average, analysts predict that Urban Outfitters will post 2.59 earnings per share for the current fiscal year.
In other Urban Outfitters news, Director Joel S. Lawson III sold 10,000 shares of Urban Outfitters stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $29.31, for a total value of $293,100.00. Following the completion of the transaction, the director now owns 17,000 shares of the company’s stock, valued at $498,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Azeez Hayne sold 10,300 shares of Urban Outfitters stock in a transaction on Monday, April 8th. The shares were sold at an average price of $33.63, for a total transaction of $346,389.00. Following the completion of the transaction, the general counsel now directly owns 12,523 shares of the company’s stock, valued at approximately $421,148.49. The disclosure for this sale can be found here. Insiders sold 104,200 shares of company stock valued at $3,237,851 in the last ninety days. 24.80% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Urban Outfitters by 6.4% during the first quarter. FMR LLC now owns 6,045,443 shares of the apparel retailer’s stock worth $179,186,000 after purchasing an additional 363,325 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Urban Outfitters by 8.3% during the first quarter. AQR Capital Management LLC now owns 4,494,986 shares of the apparel retailer’s stock worth $133,231,000 after purchasing an additional 343,355 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Urban Outfitters by 22.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,764,853 shares of the apparel retailer’s stock worth $111,589,000 after purchasing an additional 680,902 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Urban Outfitters by 1.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,403,910 shares of the apparel retailer’s stock worth $113,009,000 after purchasing an additional 48,747 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Urban Outfitters by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 2,640,080 shares of the apparel retailer’s stock worth $107,979,000 after purchasing an additional 112,852 shares in the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.
Urban Outfitters Company Profile
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.
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