Urban Outfitters (NASDAQ:URBN) PT Lowered to $21.00

Urban Outfitters (NASDAQ:URBN – Get Rating) had its price objective trimmed by BMO Capital Markets from $27.00 to $21.00 in a research report released on Wednesday morning, The Fly reports.

URBN has been the subject of several other research reports. Zacks Investment Research lowered shares of Urban Outfitters from a hold rating to a sell rating and set a $31.00 price target for the company. in a research report on Tuesday, January 25th. StockNews.com started coverage on shares of Urban Outfitters in a research report on Thursday, March 31st. They set a hold rating for the company. Wells Fargo & Company dropped their price objective on shares of Urban Outfitters from $28.00 to $20.00 and set an equal weight rating for the company in a research report on Wednesday. Morgan Stanley dropped their price objective on shares of Urban Outfitters from $37.00 to $34.00 and set an overweight rating for the company in a research report on Monday, March 7th. Finally, B. Riley dropped their price objective on shares of Urban Outfitters from $44.00 to $39.00 and set a na rating for the company in a research report on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $29.15.

Shares of URBN opened at $21.68 on Wednesday. Urban Outfitters has a 1 year low of $17.81 and a 1 year high of $42.10. The company’s 50 day simple moving average is $24.05 and its 200 day simple moving average is $27.43. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 6.95, a PEG ratio of 0.38 and a beta of 1.43.

Urban Outfitters (NASDAQ:URBN – Get Rating) last issued its quarterly earnings results on Tuesday, May 24th. The apparel retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.09). Urban Outfitters had a return on equity of 18.55% and a net margin of 6.83%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities research analysts expect that Urban Outfitters will post 2.94 earnings per share for the current fiscal year.

In other Urban Outfitters news, CAO Azeez Hayne sold 5,000 shares of the stock in a transaction on Monday, March 21st. The shares were sold at an average price of $26.61, for a total transaction of $133,050.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 27.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of URBN. Morgan Stanley lifted its position in shares of Urban Outfitters by 15.2% in the 2nd quarter. Morgan Stanley now owns 379,529 shares of the apparel retailer’s stock worth $15,643,000 after buying an additional 50,193 shares during the last quarter. New World Advisors LLC bought a new position in shares of Urban Outfitters in the 3rd quarter worth about $388,000. Barclays PLC lifted its position in shares of Urban Outfitters by 2.7% in the 3rd quarter. Barclays PLC now owns 75,313 shares of the apparel retailer’s stock worth $2,236,000 after buying an additional 1,972 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Urban Outfitters by 31.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 11,031 shares of the apparel retailer’s stock valued at $328,000 after purchasing an additional 2,657 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Urban Outfitters by 25.2% in the 3rd quarter. Citigroup Inc. now owns 34,555 shares of the apparel retailer’s stock valued at $1,026,000 after purchasing an additional 6,949 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

About Urban Outfitters (Get Rating)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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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