Urban Outfitters, Inc. (NASDAQ:URBN) gapped down before the market opened on Thursday . The stock had previously closed at $35.42, but opened at $33.71. Urban Outfitters shares last traded at $32.56, with a volume of 4197489 shares traded.

Several equities research analysts have issued reports on URBN shares. ValuEngine downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. BidaskClub downgraded Urban Outfitters from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Telsey Advisory Group dropped their target price on Urban Outfitters from $44.00 to $42.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 20th. Morgan Stanley upgraded Urban Outfitters from an “equal weight” rating to an “overweight” rating and set a $32.74 target price on the stock in a research report on Wednesday. Finally, Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Saturday, November 17th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $43.99.

The stock has a market capitalization of $3.63 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.10 and a beta of 0.68.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Monday, November 19th. The apparel retailer reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. Urban Outfitters had a return on equity of 20.65% and a net margin of 5.44%. The company had revenue of $973.50 million for the quarter, compared to the consensus estimate of $967.82 million. During the same quarter last year, the business posted $0.41 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts expect that Urban Outfitters, Inc. will post 2.73 earnings per share for the current year.

Several hedge funds have recently modified their holdings of URBN. Mount Yale Investment Advisors LLC purchased a new stake in shares of Urban Outfitters in the second quarter worth $109,000. Point72 Hong Kong Ltd increased its stake in Urban Outfitters by 145.5% in the second quarter. Point72 Hong Kong Ltd now owns 2,600 shares of the apparel retailer’s stock valued at $116,000 after acquiring an additional 1,541 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Urban Outfitters in the third quarter valued at $149,000. Envestnet Asset Management Inc. increased its stake in Urban Outfitters by 679.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,710 shares of the apparel retailer’s stock valued at $166,000 after acquiring an additional 3,234 shares during the last quarter. Finally, Kovack Advisors Inc. bought a new position in Urban Outfitters in the third quarter valued at $202,000. Institutional investors own 81.53% of the company’s stock.

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About Urban Outfitters (NASDAQ:URBN)

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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