Shares of Urban Outfitters, Inc. (NASDAQ:URBN – Get Rating) have earned an average rating of "Hold" from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $23.09.
URBN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Urban Outfitters from $20.00 to $23.00 in a report on Friday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Urban Outfitters from $24.00 to $20.00 in a research note on Thursday, August 25th. Telsey Advisory Group lowered their price objective on shares of Urban Outfitters from $30.00 to $28.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 24th. Wells Fargo & Company lowered their price objective on shares of Urban Outfitters from $28.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 25th. Finally, Robert W. Baird lowered their price objective on shares of Urban Outfitters from $32.00 to $24.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 25th.
Get Urban Outfitters alerts:Urban Outfitters Stock Up 2.5 %
Shares of NASDAQ URBN opened at $21.64 on Friday. The firm's 50-day moving average price is $21.09 and its 200-day moving average price is $22.54. The company has a market cap of $1.99 billion, a PE ratio of 9.53, a PEG ratio of 0.69 and a beta of 1.40. Urban Outfitters has a 52-week low of $17.81 and a 52-week high of $38.17.
Urban Outfitters (NASDAQ:URBN – Get Rating) last announced its quarterly earnings results on Tuesday, August 23rd. The apparel retailer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.07). Urban Outfitters had a net margin of 4.70% and a return on equity of 12.81%. During the same quarter in the previous year, the company posted $1.28 EPS. As a group, equities research analysts anticipate that Urban Outfitters will post 1.72 EPS for the current fiscal year.Institutional Investors Weigh In On Urban Outfitters
A number of institutional investors and hedge funds have recently added to or reduced their stakes in URBN. US Bancorp DE raised its position in shares of Urban Outfitters by 323.2% during the second quarter. US Bancorp DE now owns 1,477 shares of the apparel retailer's stock valued at $27,000 after buying an additional 1,128 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Urban Outfitters by 148.5% during the second quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer's stock valued at $29,000 after buying an additional 916 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Urban Outfitters during the second quarter valued at approximately $101,000. Point72 Hong Kong Ltd bought a new stake in shares of Urban Outfitters during the fourth quarter valued at approximately $171,000. Finally, Virtu Financial LLC bought a new stake in shares of Urban Outfitters during the first quarter valued at approximately $202,000. Institutional investors own 76.14% of the company's stock.
About Urban Outfitters
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Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.
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