Urban Outfitters (NASDAQ:URBN) had its price objective reduced by Wells Fargo & Co from $50.00 to $44.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have a market perform rating on the apparel retailer’s stock.

A number of other equities analysts also recently weighed in on the company. Royal Bank of Canada lowered their price target on Urban Outfitters to $46.00 and set a sector perform rating on the stock in a research report on Tuesday. Telsey Advisory Group lowered their price target on Urban Outfitters from $44.00 to $42.00 and set a market perform rating on the stock in a research report on Tuesday. Robert W. Baird reissued a hold rating and set a $47.00 price target on shares of Urban Outfitters in a research report on Tuesday. BidaskClub downgraded Urban Outfitters from a hold rating to a sell rating in a research report on Tuesday. Finally, Zacks Investment Research downgraded Urban Outfitters from a buy rating to a hold rating in a research report on Monday. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $44.48.

Shares of NASDAQ URBN opened at $36.58 on Tuesday. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. Urban Outfitters has a twelve month low of $28.45 and a twelve month high of $52.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Monday, November 19th. The apparel retailer reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $973.50 million for the quarter, compared to the consensus estimate of $967.82 million. Urban Outfitters had a return on equity of 21.02% and a net margin of 5.44%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities analysts forecast that Urban Outfitters will post 2.66 EPS for the current year.

In other news, CEO Trish Donnelly sold 19,332 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $46.10, for a total value of $891,205.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 25.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Urban Outfitters by 7.9% in the second quarter. BlackRock Inc. now owns 10,188,634 shares of the apparel retailer’s stock valued at $453,903,000 after buying an additional 749,276 shares during the period. FMR LLC boosted its stake in shares of Urban Outfitters by 79.7% in the second quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock valued at $350,737,000 after buying an additional 3,492,613 shares during the period. AQR Capital Management LLC boosted its stake in shares of Urban Outfitters by 547.6% in the third quarter. AQR Capital Management LLC now owns 4,487,410 shares of the apparel retailer’s stock valued at $183,535,000 after buying an additional 3,794,451 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Urban Outfitters by 3.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,355,163 shares of the apparel retailer’s stock valued at $137,226,000 after buying an additional 122,134 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in shares of Urban Outfitters by 59.0% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,718,187 shares of the apparel retailer’s stock valued at $111,173,000 after buying an additional 1,008,156 shares during the period. 77.06% of the stock is currently owned by institutional investors.

About Urban Outfitters

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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