Urban Outfitters Inc. (NASDAQ:URBN) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They presently have a $37.57 target price on the apparel retailer’s stock. Vetr‘s price target would suggest a potential upside of 5.53% from the company’s previous close.
URBN has been the subject of several other reports. Royal Bank Of Canada raised their target price on Urban Outfitters from $29.00 to $34.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 17th. Citigroup Inc. restated a “buy” rating and set a $35.00 target price on shares of Urban Outfitters in a research note on Monday, June 13th. Telsey Advisory Group increased their price target on shares of Urban Outfitters from $31.00 to $39.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 17th. Deutsche Bank AG increased their price target on shares of Urban Outfitters from $28.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, July 25th. Finally, Mizuho increased their price target on shares of Urban Outfitters from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 17th. Twenty-two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $35.63.
Urban Outfitters (NASDAQ:URBN) opened at 35.60 on Monday. Urban Outfitters has a 12 month low of $19.26 and a 12 month high of $37.82. The firm has a market cap of $4.17 billion, a PE ratio of 18.33 and a beta of 0.91. The company has a 50-day moving average price of $35.88 and a 200 day moving average price of $31.06.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.10. The company earned $890.57 million during the quarter, compared to the consensus estimate of $886.39 million. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. Equities research analysts anticipate that Urban Outfitters will post $2.06 EPS for the current year.
In related news, CFO Frank Conforti sold 4,000 shares of Urban Outfitters stock in a transaction on Friday, August 19th. The shares were sold at an average price of $37.42, for a total value of $149,680.00. Following the transaction, the chief financial officer now owns 4,000 shares in the company, valued at approximately $149,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.30% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Emerald Advisers Inc. PA increased its position in shares of Urban Outfitters by 286.2% in the second quarter. Emerald Advisers Inc. PA now owns 661,805 shares of the apparel retailer’s stock valued at $18,200,000 after buying an additional 490,430 shares during the period. Meeder Asset Management Inc. increased its position in Urban Outfitters by 25.5% in the second quarter. Meeder Asset Management Inc. now owns 32,918 shares of the apparel retailer’s stock valued at $906,000 after buying an additional 6,685 shares during the last quarter. Hancock Holding Co. bought a new position in Urban Outfitters during the first quarter valued at about $3,336,000. Nuveen Asset Management LLC bought a new position in Urban Outfitters during the first quarter valued at about $1,162,000. Finally, Invictus RG increased its position in Urban Outfitters by 1,074.9% in the first quarter. Invictus RG now owns 10,797 shares of the apparel retailer’s stock valued at $357,000 after buying an additional 9,878 shares during the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.
About Urban Outfitters
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
To view Vetr’s full report, visit Vetr’s official website.
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