A number of other equities analysts have also recently weighed in on URBN. Deutsche Bank AG restated a hold rating and set a $25.00 price objective (up from $24.00) on shares of Urban Outfitters in a research report on Monday, May 15th. Royal Bank Of Canada set a $22.00 price objective on shares of Urban Outfitters and gave the stock a hold rating in a research report on Monday, May 15th. FBR & Co restated a hold rating and set a $24.00 price objective (down from $28.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. Jefferies Group LLC restated a buy rating and set a $30.00 price objective on shares of Urban Outfitters in a research report on Wednesday, May 17th. Finally, Wunderlich set a $20.00 price objective on shares of Urban Outfitters and gave the stock a hold rating in a research report on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seven have issued a buy rating to the company. Urban Outfitters has a consensus rating of Hold and an average target price of $22.20.
Shares of Urban Outfitters (NASDAQ URBN) opened at 21.79 on Monday. The stock’s 50 day moving average is $19.52 and its 200 day moving average is $20.82. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $40.80. The company has a market capitalization of $2.42 billion, a P/E ratio of 14.59 and a beta of 0.59.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.61%. The firm had revenue of $873 million for the quarter, compared to the consensus estimate of $860.80 million. During the same period in the prior year, the firm posted $0.66 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Urban Outfitters will post $1.41 EPS for the current fiscal year.
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Urban Outfitters declared that its board has approved a stock buyback plan on Thursday, August 24th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the apparel retailer to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC boosted its stake in shares of Urban Outfitters by 59.2% in the second quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock valued at $33,928,000 after purchasing an additional 680,511 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in shares of Urban Outfitters by 0.5% in the second quarter. Disciplined Growth Investors Inc. MN now owns 930,015 shares of the apparel retailer’s stock valued at $17,242,000 after purchasing an additional 4,965 shares during the period. Dean Capital Management purchased a new position in shares of Urban Outfitters in the second quarter valued at approximately $2,294,000. The Manufacturers Life Insurance Company boosted its stake in shares of Urban Outfitters by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 134,529 shares of the apparel retailer’s stock valued at $2,494,000 after purchasing an additional 2,514 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Urban Outfitters in the second quarter valued at approximately $492,000. 87.67% of the stock is owned by institutional investors and hedge funds.
About Urban Outfitters
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.
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