Urban Outfitters, Inc. (NASDAQ:URBN) has been assigned a $20.00 price target by equities researchers at BMO Capital Markets in a note issued to investors on Tuesday, August 8th. The brokerage currently has a “hold” rating on the apparel retailer’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 3.79% from the stock’s current price.
Several other research analysts have also weighed in on URBN. UBS AG restated a “neutral” rating and set a $21.00 target price (down from $25.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. Jefferies Group LLC restated a “buy” rating and set a $23.00 target price on shares of Urban Outfitters in a research report on Friday, June 9th. Robert W. Baird restated an “outperform” rating and set a $25.00 target price (down from $28.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. Morgan Stanley restated an “equal weight” rating and set a $19.00 target price (down from $27.00) on shares of Urban Outfitters in a research report on Friday, May 19th. Finally, MKM Partners reiterated a “sell” rating and issued a $16.00 price target (down from $19.00) on shares of Urban Outfitters in a research report on Monday, June 12th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and seven have given a buy rating to the company’s stock. Urban Outfitters presently has an average rating of “Hold” and an average price target of $23.76.
Shares of Urban Outfitters (NASDAQ URBN) opened at 19.27 on Tuesday. The company has a 50-day moving average price of $18.47 and a 200 day moving average price of $21.55. The firm has a market capitalization of $2.14 billion, a PE ratio of 12.90 and a beta of 0.66. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $40.80. Urban Outfitters also saw unusually large options trading activity on Wednesday. Stock investors acquired 11,748 call options on the stock. This represents an increase of 329% compared to the average volume of 2,741 call options.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.07. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.61%. The company had revenue of $873 million for the quarter, compared to analyst estimates of $860.80 million. During the same period in the prior year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts expect that Urban Outfitters will post $1.43 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Urban Outfitters by 9,872.9% in the first quarter. BlackRock Inc. now owns 13,405,864 shares of the apparel retailer’s stock valued at $318,523,000 after buying an additional 13,271,441 shares during the period. Shapiro Capital Management LLC increased its stake in Urban Outfitters by 586.5% in the second quarter. Shapiro Capital Management LLC now owns 8,827,740 shares of the apparel retailer’s stock valued at $163,666,000 after buying an additional 7,541,840 shares during the period. FMR LLC increased its stake in Urban Outfitters by 2.4% in the second quarter. FMR LLC now owns 5,986,454 shares of the apparel retailer’s stock valued at $110,988,000 after buying an additional 139,356 shares during the period. Bank of New York Mellon Corp increased its stake in Urban Outfitters by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock valued at $72,803,000 after buying an additional 10,249 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Urban Outfitters by 84.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,199,015 shares of the apparel retailer’s stock valued at $59,310,000 after buying an additional 1,462,130 shares during the period. 83.99% of the stock is currently owned by hedge funds and other institutional investors.
About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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