Urban Outfitters Inc. (NASDAQ:URBN)‘s stock had its “neutral” rating reaffirmed by analysts at MKM Partners in a research report issued to clients and investors on Wednesday. They currently have a $36.00 target price on the apparel retailer’s stock. MKM Partners’ price objective would indicate a potential upside of 1.12% from the stock’s current price.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Goldman Sachs Group Inc. downgraded Urban Outfitters from a “buy” rating to a “neutral” rating and increased their price target for the stock from $33.00 to $35.00 in a report on Monday, August 22nd. Vetr upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $37.50 price target on the stock in a report on Wednesday, August 31st. Robert W. Baird reiterated an “outperform” rating and issued a $38.00 price target on shares of Urban Outfitters in a report on Saturday, September 10th. Finally, Piper Jaffray Cos. reiterated a “fair value” rating and issued a $42.00 price target (up from $32.00) on shares of Urban Outfitters in a report on Wednesday, August 17th. Twenty-two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $35.78.
Urban Outfitters (NASDAQ:URBN) traded up 0.90% during midday trading on Wednesday, reaching $35.92. The company’s stock had a trading volume of 609,086 shares. The company has a market cap of $4.21 billion, a P/E ratio of 18.50 and a beta of 0.91. Urban Outfitters has a 12-month low of $19.26 and a 12-month high of $37.82. The firm 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 issued its quarterly earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.10. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. The firm had revenue of $890.57 million for the quarter, compared to the consensus estimate of $886.39 million. During the same period in the prior year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts predict that Urban Outfitters will post $2.06 earnings per share for the current fiscal year.
In other Urban Outfitters news, CFO Frank Conforti sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $37.42, for a total value of $149,680.00. Following the sale, the chief financial officer now owns 4,000 shares of the company’s stock, valued at $149,680. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 24.30% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Algert Global LLC bought a new stake in Urban Outfitters during the third quarter worth $220,000. Exxonmobil Investment Management Inc. TX raised its stake in Urban Outfitters by 1.3% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 22,731 shares of the apparel retailer’s stock worth $785,000 after buying an additional 297 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Urban Outfitters by 0.3% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 74,289 shares of the apparel retailer’s stock worth $2,564,000 after buying an additional 255 shares in the last quarter. Fulton Bank N.A. bought a new stake in Urban Outfitters during the third quarter worth $573,000. Finally, Kentucky Retirement Systems bought a new stake in Urban Outfitters during the second quarter worth $203,000. 72.05% of the stock is currently owned by institutional investors and hedge funds.
Urban Outfitters Company Profile
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.
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