Urban Outfitters (NASDAQ:URBN) Price Target Cut to $38.00 by Analysts at Telsey Advisory Group

Urban Outfitters (NASDAQ:URBN) had its target price trimmed by Telsey Advisory Group from $47.00 to $38.00 in a report released on Wednesday, Price Targets.com reports. The firm currently has an outperform rating on the apparel retailer’s stock.

Other analysts have also issued research reports about the company. William Blair reissued a market perform rating on shares of Urban Outfitters in a research report on Tuesday, November 23rd. Wells Fargo & Company cut their target price on Urban Outfitters from $40.00 to $36.00 and set an equal weight rating on the stock in a research report on Friday, October 15th. Zacks Investment Research lowered Urban Outfitters from a strong-buy rating to a sell rating and set a $33.00 target price on the stock. in a research report on Tuesday, October 26th. Morgan Stanley boosted their target price on Urban Outfitters from $41.00 to $43.00 and gave the company an overweight rating in a research report on Tuesday, November 23rd. Finally, JPMorgan Chase & Co. cut their target price on Urban Outfitters from $41.00 to $34.00 and set a neutral rating on the stock in a research report on Tuesday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $39.50.

URBN opened at $28.15 on Wednesday. Urban Outfitters has a one year low of $26.04 and a one year high of $42.10. The stock has a market capitalization of $2.76 billion, a PE ratio of 9.38, a P/E/G ratio of 0.46 and a beta of 1.55. The business’s 50 day moving average price is $31.35 and its 200 day moving average price is $33.48.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Monday, November 22nd. The apparel retailer reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Urban Outfitters had a return on equity of 18.60% and a net margin of 6.93%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 earnings per share. As a group, equities analysts predict that Urban Outfitters will post 3.37 earnings per share for the current year.

In related news, CAO Azeez Hayne sold 1,100 shares of the stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $35.00, for a total value of $38,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 27.50% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Urban Outfitters in the second quarter valued at $1,034,000. AQR Capital Management LLC increased its holdings in Urban Outfitters by 27.0% in the second quarter. AQR Capital Management LLC now owns 193,109 shares of the apparel retailer’s stock valued at $7,796,000 after buying an additional 41,101 shares during the last quarter. Vanguard Group Inc. increased its holdings in Urban Outfitters by 7.0% in the second quarter. Vanguard Group Inc. now owns 6,097,784 shares of the apparel retailer’s stock valued at $251,351,000 after buying an additional 396,575 shares during the last quarter. Ergoteles LLC acquired a new position in Urban Outfitters in the second quarter valued at $2,743,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Urban Outfitters by 205.6% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,393 shares of the apparel retailer’s stock valued at $99,000 after acquiring an additional 1,610 shares in the last quarter. 71.08% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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