RBC Capital restated their outperform rating on shares of Urban Outfitters (NASDAQ:URBN) in a research report released on Monday morning, Market Beat reports. They currently have a $37.00 target price on the apparel retailer’s stock.
Several other research analysts also recently weighed in on URBN. Wunderlich reissued a buy rating on shares of Urban Outfitters in a report on Friday, June 5th. Stifel Nicolaus set a $50.00 target price on shares of Urban Outfitters and gave the company a buy rating in a research report on Wednesday, June 10th. Nomura increased their price objective on shares of Urban Outfitters from $35.00 to $37.00 and gave the stock a neutral rating in a research report on Wednesday, June 10th. BB&T Corp. raised shares of Urban Outfitters from a hold rating to a buy rating and set a $42.00 target price on the stock in a research report on Friday, June 12th. They noted that the move was a valuation call. Finally, Cantor Fitzgerald reiterated a buy rating and set a $53.00 price objective on shares of Urban Outfitters in a research note on Wednesday, July 1st. Nineteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Urban Outfitters presently has an average rating of Hold and a consensus target price of $39.39.
Urban Outfitters (NASDAQ:URBN) traded down 0.58% on Monday, hitting $29.00. The stock had a trading volume of 122,436 shares. Urban Outfitters has a 52-week low of $27.89 and a 52-week high of $47.25. The firm has a market cap of $3.59 billion and a price-to-earnings ratio of 16.98. The company’s 50 day moving average price is $30.25 and its 200 day moving average price is $36.23.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, August 17th. The apparel retailer reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm earned $867.50 million during the quarter, compared to the consensus estimate of $881.16 million. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. Analysts expect that Urban Outfitters will post $1.90 EPS for the current year.
Urban Outfitters, Inc. (NASDAQ:URBN) is a lifestyle retail business. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Organization ‘s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose products is sold straight to the Company’s customers through retail stores, Websites, mobile programs, catalogues and customer contact centers. Young adults aged 18 to 28 are targeted by the Urban Outfitters. The Anthropologie Group includes the Bhldn and Anthropologie brands. Free People private label is offered by retail stores branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand was fashioned for men and women interested in a creative, outdoor gardening and living. The Wholesale segment consists of the Free People wholesale department that develops, mostly designs and promotes young women’s modern casual clothing.
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