Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given an average rating of “Hold” by the thirty-two ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.56.
A number of research analysts recently commented on the stock. Loop Capital assumed coverage on shares of Urban Outfitters in a research note on Thursday. They issued a “buy” rating and a $46.00 price target on the stock. Buckingham Research set a $42.00 price target on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Thursday. SunTrust Banks set a $42.00 price target on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price target (up previously from $28.00) on shares of Urban Outfitters in a research note on Wednesday. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $39.00 price target (up previously from $32.00) on shares of Urban Outfitters in a research note on Wednesday.
Institutional investors have recently modified their holdings of the company. Legal & General Group Plc lifted its holdings in shares of Urban Outfitters by 6.3% during the 3rd quarter. Legal & General Group Plc now owns 119,189 shares of the apparel retailer’s stock worth $2,849,000 after acquiring an additional 7,046 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $414,000. Emerald Advisers Inc. PA bought a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $297,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Urban Outfitters by 42.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after acquiring an additional 1,522 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Urban Outfitters by 11.8% during the 3rd quarter. Royce & Associates LP now owns 95,000 shares of the apparel retailer’s stock worth $2,271,000 after acquiring an additional 10,000 shares during the period. 75.09% of the stock is owned by institutional investors.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.06. Urban Outfitters had a net margin of 2.99% and a return on equity of 14.19%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned $0.55 EPS. Urban Outfitters’s quarterly revenue was up 5.7% on a year-over-year basis. equities research analysts predict that Urban Outfitters will post 2.25 EPS for the current year.
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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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