In a report released today, Dana Telsey from Telsey Advisory maintained a Buy rating on Urban Outfitters (URBN – Research Report), with a price target of $48.00. The company’s shares closed yesterday at $47.18.
Telsey covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Wolverine World Wide, and Macy’s. According to TipRanks, Telsey has an average return of 3.0% and a 45.00% success rate on recommended stocks.
Urban Outfitters has an analyst consensus of Moderate Buy, with a price target consensus of $45.78, implying a -2.97% downside from current levels. In a report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $52.00 price target.
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The company has a one-year high of $46.18 and a one-year low of $24.73. Currently, Urban Outfitters has an average volume of 1.67M.
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Urban Outfitters (URBN) Company Description:
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 Retail, and Wholesale segments. The Retail segment contains the Anthropologie, Bhldn, Free People, Terrain, and Urban Outfitters brands; and its Food and Beverage division. The Wholesale segment designs, develops, and markets apparel, intimates, active wear, and home goods under the Free People, Anthropologie, and Urban Outfitters brands. The company was founded by Richard A. Hayne and Scott A. Belair in 1970 and is headquartered at Philadelphia, PA.
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