Urban Outfitters (NASDAQ:URBN)‘s stock had its “hold” rating reissued by analysts at Wedbush in a research note issued on Thursday, The Fly reports. They currently have a $35.00 price target on the apparel retailer’s stock, down from their previous price target of $50.00. Wedbush’s target price would suggest a potential downside of 9.30% from the company’s current price.
A number of other equities analysts also recently commented on the company. B. Riley upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Tuesday, October 2nd. DA Davidson began coverage on Urban Outfitters in a research note on Tuesday, September 25th. They issued a “neutral” rating and a $40.00 price target for the company. BidaskClub downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. ValuEngine downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. Finally, Bank of America lifted their price target on Urban Outfitters from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.83.
Shares of NASDAQ URBN opened at $38.59 on Thursday. Urban Outfitters has a 1 year low of $22.15 and a 1 year high of $52.50. The stock has a market cap of $4.46 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.20 and a beta of 0.55.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, August 21st. The apparel retailer reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. The business had revenue of $992.50 million for the quarter, compared to analyst estimates of $980.19 million. Urban Outfitters had a return on equity of 18.92% and a net margin of 4.71%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. As a group, research analysts predict that Urban Outfitters will post 2.67 EPS for the current year.
In other Urban Outfitters news, CEO Trish Donnelly sold 19,332 shares of Urban Outfitters stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $46.10, for a total value of $891,205.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 25.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of URBN. Wells Fargo & Company MN boosted its stake in Urban Outfitters by 11.0% in the first quarter. Wells Fargo & Company MN now owns 203,575 shares of the apparel retailer’s stock valued at $7,523,000 after acquiring an additional 20,228 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Urban Outfitters by 35.4% during the first quarter. Great West Life Assurance Co. Can now owns 62,113 shares of the apparel retailer’s stock worth $2,295,000 after buying an additional 16,250 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Urban Outfitters by 52.3% during the first quarter. Russell Investments Group Ltd. now owns 197,319 shares of the apparel retailer’s stock worth $7,258,000 after buying an additional 67,766 shares during the period. Sei Investments Co. boosted its position in shares of Urban Outfitters by 76.1% during the first quarter. Sei Investments Co. now owns 22,464 shares of the apparel retailer’s stock worth $831,000 after buying an additional 9,704 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Urban Outfitters during the first quarter worth approximately $633,000. Institutional investors own 77.08% of the company’s stock.
About Urban Outfitters
Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.
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