Morgan Stanley upgraded shares of Urban Outfitters (NASDAQ:URBN) from an equal weight rating to an overweight rating in a report published on Wednesday morning, MarketBeat Ratings reports. Morgan Stanley currently has $32.74 target price on the apparel retailer’s stock.

A number of other equities analysts have also commented on the company. ValuEngine lowered Urban Outfitters from a buy rating to a hold rating in a research note on Friday, September 14th. BidaskClub lowered Urban Outfitters from a buy rating to a hold rating in a research note on Tuesday, September 18th. DA Davidson started coverage on Urban Outfitters in a research note on Tuesday, September 25th. They issued a neutral rating and a $40.00 price objective on the stock. B. Riley raised Urban Outfitters from a neutral rating to a buy rating and set a $52.00 price objective on the stock in a research note on Tuesday, October 2nd. Finally, Wedbush reaffirmed a hold rating and issued a $35.00 price objective (down from $50.00) on shares of Urban Outfitters in a research note on Thursday, October 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. Urban Outfitters currently has an average rating of Hold and a consensus price target of $43.99.

Shares of URBN stock opened at $32.62 on Wednesday. Urban Outfitters has a 12 month low of $31.20 and a 12 month high of $52.50. The stock has a market cap of $3.63 billion, a PE ratio of 19.53, a PEG ratio of 1.10 and a beta of 0.68.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Monday, November 19th. The apparel retailer reported $0.70 EPS for the quarter, beating 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 firm had revenue of $973.50 million for the quarter, compared to analyst estimates of $967.82 million. During the same period last year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Sell-side analysts anticipate that Urban Outfitters will post 2.73 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc increased its holdings in shares of Urban Outfitters by 5.0% during the third quarter. Vanguard Group Inc now owns 8,466,147 shares of the apparel retailer’s stock valued at $346,266,000 after acquiring an additional 406,691 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Urban Outfitters by 5.0% during the third quarter. Vanguard Group Inc. now owns 8,466,147 shares of the apparel retailer’s stock valued at $346,266,000 after acquiring an additional 406,691 shares in the last quarter. FMR LLC increased its holdings in shares of Urban Outfitters by 79.7% during the second quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock valued at $350,737,000 after acquiring an additional 3,492,613 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Urban Outfitters by 547.6% during 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 acquiring an additional 3,794,451 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Urban Outfitters by 3.8% during 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 acquiring an additional 122,134 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

Urban Outfitters Company Profile

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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