Urban Outfitters Inc. (URBN) Price Target Cut to $34.00
Urban Outfitters Inc. (NASDAQ:URBN) had its target price lowered by Deutsche Bank AG from $37.00 to $34.00 in a report released on Wednesday morning. The brokerage currently has a hold rating on the apparel retailer’s stock.
Several other brokerages also recently issued reports on URBN. Vetr downgraded Urban Outfitters from a buy rating to a strong sell rating and set a $33.77 target price on the stock. in a research note on Tuesday, November 15th. Citigroup Inc. raised Urban Outfitters from a neutral rating to a buy rating in a research note on Tuesday, November 15th. Morgan Stanley downgraded Urban Outfitters from an overweight rating to an equal weight rating and lifted their target price for the company from $36.00 to $39.00 in a research note on Thursday, November 17th. Oppenheimer Holdings Inc. reissued a hold rating on shares of Urban Outfitters in a research note on Tuesday, November 22nd. Finally, Wunderlich downgraded Urban Outfitters from a buy rating to a hold rating and reduced their price objective for the stock from $40.00 to $32.00 in a research note on Wednesday, November 23rd. Twenty-two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 32.41 on Wednesday. Urban Outfitters has a 1-year low of $20.06 and a 1-year high of $40.80. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 18.21 and a beta of 0.69. The stock’s 50 day moving average price is $35.03 and its 200-day moving average price is $32.08.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.04. The business had revenue of $862.50 million for the quarter. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, equities research analysts forecast that Urban Outfitters will post $2.05 earnings per share for the current year.
In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $39.95, for a total transaction of $250,087.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 24.30% of the company’s stock.
Several large investors have recently bought and sold shares of URBN. Palo Capital Inc. bought a new stake in Urban Outfitters during the second quarter valued at approximately $408,000. First Quadrant L P CA boosted its stake in Urban Outfitters by 253.7% in the second quarter. First Quadrant L P CA now owns 473,601 shares of the apparel retailer’s stock valued at $13,024,000 after buying an additional 339,701 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Urban Outfitters by 304.6% in the second quarter. Acadian Asset Management LLC now owns 19,365 shares of the apparel retailer’s stock valued at $532,000 after buying an additional 14,579 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in Urban Outfitters during the second quarter valued at approximately $572,000. Finally, GW&K Investment Management LLC boosted its stake in Urban Outfitters by 18.1% in the second quarter. GW&K Investment Management LLC now owns 404,123 shares of the apparel retailer’s stock valued at $11,113,000 after buying an additional 62,027 shares in the last quarter. 76.21% of the stock is owned by hedge funds and other institutional investors.
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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