Wells Fargo & Co. reiterated their hold rating on shares of Urban Outfitters Inc. (NASDAQ:URBN) in a report published on Wednesday morning. They currently have a $33.00 price objective on the apparel retailer’s stock, up from their prior price objective of $29.00.
A number of other equities analysts also recently issued reports on the stock. Robert W. Baird reiterated an outperform rating and issued a $38.00 price target on shares of Urban Outfitters in a report on Saturday, September 10th. Wolfe Research raised shares of Urban Outfitters from a peer perform rating to an outperform rating and increased their price objective for the company from $36.00 to $43.00 in a research note on Wednesday, September 7th. Vetr cut shares of Urban Outfitters from a buy rating to a hold rating and set a $37.50 price objective on the stock. in a research note on Tuesday, September 6th. Jefferies Group reissued a buy rating and issued a $45.00 price objective (up from $40.00) on shares of Urban Outfitters in a research note on Friday, September 2nd. Finally, Zacks Investment Research raised shares of Urban Outfitters from a hold rating to a strong-buy rating and set a $42.00 price objective on the stock in a research note on Tuesday, August 23rd. Twenty-two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $35.63.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 34.52 on Wednesday. The stock has a market capitalization of $4.05 billion, a P/E ratio of 17.78 and a beta of 0.91. The stock has a 50 day moving average of $35.59 and a 200-day moving average of $30.91. Urban Outfitters has a 1-year low of $19.26 and a 1-year high of $37.82.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.10. The business earned $890.57 million during the quarter, compared to the consensus estimate of $886.39 million. Urban Outfitters had a net margin of 6.63% and a return on equity of 19.57%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS. Equities research analysts predict that Urban Outfitters will post $2.06 earnings per share for the current fiscal year.
In other Urban Outfitters news, CFO Frank Conforti sold 4,000 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $37.42, for a total transaction of $149,680.00. Following the sale, the chief financial officer now owns 4,000 shares in the company, valued at approximately $149,680. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 24.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Urban Outfitters by 70.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,758 shares of the apparel retailer’s stock valued at $104,000 after buying an additional 1,550 shares during the last quarter. Robecosam AG bought a new stake in Urban Outfitters during the second quarter valued at about $108,000. Fuller & Thaler Asset Management Inc. bought a new stake in Urban Outfitters during the second quarter valued at about $121,000. LS Investment Advisors LLC increased its stake in Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 651 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new stake in Urban Outfitters during the second quarter valued at about $203,000. Hedge funds and other institutional investors own 72.05% of the company’s stock.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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