Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have received an average rating of “Hold” from the thirty-five analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $27.20.
Several equities research analysts recently issued reports on the company. B. Riley reissued a “neutral” rating on shares of Urban Outfitters in a research note on Wednesday, November 1st. Wolfe Research raised Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Wednesday, November 15th. SunTrust Banks set a $35.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a research note on Monday, December 11th. KeyCorp increased their price objective on Urban Outfitters to $3.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 21st. Finally, JPMorgan Chase & Co. raised Urban Outfitters from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 21st.
A number of large investors have recently made changes to their positions in URBN. Legal & General Group Plc boosted its stake in Urban Outfitters by 7.9% during the 2nd quarter. Legal & General Group Plc now owns 112,143 shares of the apparel retailer’s stock valued at $2,079,000 after purchasing an additional 8,231 shares during the period. Principal Financial Group Inc. lifted its position in shares of Urban Outfitters by 1.9% in the 2nd quarter. Principal Financial Group Inc. now owns 374,732 shares of the apparel retailer’s stock worth $6,947,000 after acquiring an additional 7,166 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Urban Outfitters by 0.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after acquiring an additional 43 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Urban Outfitters by 83.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 325,058 shares of the apparel retailer’s stock worth $6,026,000 after acquiring an additional 148,215 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Urban Outfitters by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 283,120 shares of the apparel retailer’s stock worth $5,247,000 after acquiring an additional 38,168 shares during the period. Hedge funds and other institutional investors own 86.24% of the company’s stock.
Shares of Urban Outfitters (URBN) traded up $0.98 during trading on Friday, reaching $34.82. The company had a trading volume of 2,583,154 shares, compared to its average volume of 2,134,221. The stock has a market cap of $3,663.13, a P/E ratio of 23.21, a P/E/G ratio of 1.81 and a beta of 0.73. Urban Outfitters has a 1 year low of $16.19 and a 1 year high of $36.10.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. The firm had revenue of $892.77 million during the quarter, compared to the consensus estimate of $860.64 million. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. sell-side analysts predict that Urban Outfitters will post 1.56 earnings per share for the current year.
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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