Buckingham Research Reiterates “Buy” Rating for Urban Outfitters (URBN)

Buckingham Research restated their buy rating on shares of Urban Outfitters (NASDAQ:URBN) in a research note published on Thursday morning, Marketbeat Ratings reports. The firm currently has a $42.00 target price on the apparel retailer’s stock, up from their previous target price of $32.00.

URBN has been the topic of several other research reports. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a neutral rating to an overweight rating in a research note on Tuesday, November 21st. Wolfe Research upgraded shares of Urban Outfitters from a peer perform rating to an outperform rating and set a $30.00 price objective on the stock in a research note on Wednesday, November 15th. Royal Bank of Canada reiterated a hold rating and issued a $21.00 price objective on shares of Urban Outfitters in a research note on Monday, September 18th. Deutsche Bank cut shares of Urban Outfitters from a hold rating to a sell rating and lowered their price objective for the stock from $23.00 to $19.00 in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of Urban Outfitters from a hold rating to a buy rating and set a $26.00 price objective on the stock in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have issued a buy rating to the stock. Urban Outfitters presently has a consensus rating of Hold and an average price target of $26.10.

Shares of Urban Outfitters (URBN) traded up $0.40 during trading hours on Thursday, hitting $34.64. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $36.10. The stock has a market cap of $3,750.00, a price-to-earnings ratio of 23.09, a PEG ratio of 1.85 and a beta of 0.73.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.08. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The firm had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. During the same quarter in the prior year, the business earned $0.40 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. analysts expect that Urban Outfitters will post 1.56 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. raised its position in shares of Urban Outfitters by 0.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock valued at $198,000 after buying an additional 43 shares during the last quarter. Advisor Group Inc. raised its position in shares of Urban Outfitters by 1.1% during the second quarter. Advisor Group Inc. now owns 32,251 shares of the apparel retailer’s stock valued at $595,000 after buying an additional 338 shares during the last quarter. Comerica Bank raised its position in shares of Urban Outfitters by 0.9% during the second quarter. Comerica Bank now owns 70,163 shares of the apparel retailer’s stock valued at $1,226,000 after buying an additional 642 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Urban Outfitters by 6.4% during the second quarter. Pacer Advisors Inc. now owns 13,090 shares of the apparel retailer’s stock valued at $243,000 after buying an additional 789 shares during the last quarter. Finally, Broadview Advisors LLC raised its position in shares of Urban Outfitters by 0.7% during the second quarter. Broadview Advisors LLC now owns 151,898 shares of the apparel retailer’s stock valued at $2,816,000 after buying an additional 1,100 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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