Urban Outfitters (NASDAQ:URBN) received a $27.00 price target from equities researchers at Robert W. Baird in a report released on Saturday, November 18th. The firm currently has a “buy” rating on the apparel retailer’s stock. Robert W. Baird’s target price indicates a potential downside of 17.00% from the company’s previous close.
A number of other research firms have also recently commented on URBN. Wolfe Research upgraded shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Wednesday, November 15th. Buckingham Research lifted their price objective on shares of Urban Outfitters from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Royal Bank Of Canada set a $21.00 price target on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Monday, October 30th. Finally, B. Riley restated a “neutral” rating on shares of Urban Outfitters in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.20.
Urban Outfitters (NASDAQ URBN) traded down $0.11 during mid-day trading on Friday, hitting $32.53. 2,694,066 shares of the stock traded hands, compared to its average volume of 3,445,951. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $35.55. The company has a market capitalization of $3,497.51, a P/E ratio of 21.12, a P/E/G ratio of 1.81 and a beta of 0.73.
Urban Outfitters (NASDAQ:URBN) last announced its 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 business 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%. Urban Outfitters’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. equities research analysts anticipate that Urban Outfitters will post 1.55 earnings per share for the current year.
Urban Outfitters declared that its Board of Directors has approved a stock buyback program on Thursday, August 24th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the apparel retailer to purchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently modified their holdings of URBN. Empirical Finance LLC increased its stake in shares of Urban Outfitters by 45.9% in the 3rd quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock worth $2,322,000 after acquiring an additional 30,559 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Urban Outfitters by 39.8% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock worth $572,000 after acquiring an additional 8,800 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Urban Outfitters by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock worth $72,803,000 after acquiring an additional 10,249 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Urban Outfitters by 2.9% in the 2nd quarter. First Trust Advisors LP now owns 370,822 shares of the apparel retailer’s stock worth $6,875,000 after acquiring an additional 10,503 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Urban Outfitters by 11.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock worth $2,577,000 after acquiring an additional 13,795 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.
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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.
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