Urban Outfitters (URBN) Stock Rating Reaffirmed by Buckingham Research
Urban Outfitters (NASDAQ:URBN)‘s stock had its “buy” rating reiterated by research analysts at Buckingham Research in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a $42.00 price objective on the apparel retailer’s stock, up from their prior price objective of $32.00. Buckingham Research’s price target indicates a potential upside of 21.25% from the company’s current price.
A number of other equities analysts have also recently weighed in on URBN. Royal Bank of Canada restated a “hold” rating and set a $21.00 price objective on shares of Urban Outfitters in a research report on Monday, September 18th. Jefferies Group restated a “buy” rating and set a $25.00 price objective on shares of Urban Outfitters in a research report on Thursday, September 28th. Deutsche Bank cut shares of Urban Outfitters from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $23.00 to $19.00 in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 17th. Finally, Robert W. Baird restated a “buy” rating and set a $24.00 price objective on shares of Urban Outfitters in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.10.
Urban Outfitters (NASDAQ URBN) traded up $0.40 during trading hours on Thursday, reaching $34.64. The firm has a market capitalization of $3,750.00, a P/E ratio of 23.09, a P/E/G ratio of 1.85 and a beta of 0.73. Urban Outfitters has a 1-year low of $16.19 and a 1-year high of $36.10.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. The company had revenue of $892.77 million during the quarter, compared to analysts’ expectations of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. equities research analysts predict that Urban Outfitters will post 1.56 EPS for the current year.
A number of hedge funds have recently made changes to their positions in URBN. Sun Life Financial INC purchased a new position in Urban Outfitters during the second quarter worth about $151,000. Pacad Investment Ltd. purchased a new position in Urban Outfitters during the second quarter worth about $191,000. BT Investment Management Ltd purchased a new position in Urban Outfitters during the second quarter worth about $196,000. Oppenheimer Asset Management Inc. boosted its stake in Urban Outfitters by 0.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after buying an additional 43 shares during the period. Finally, Invictus RG purchased a new position in Urban Outfitters during the third quarter worth about $241,000. 86.24% of the stock is owned by institutional investors.
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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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