Urban Outfitters (URBN) Earns “Buy” Rating from Jefferies Group

Jefferies Group restated their buy rating on shares of Urban Outfitters (NASDAQ:URBN) in a research note issued to investors on Monday morning. They currently have a $40.00 price objective on the apparel retailer’s stock.

A number of other analysts have also recently commented on URBN. KeyCorp reiterated a buy rating on shares of Urban Outfitters in a research report on Friday, December 15th. B. Riley reiterated a neutral rating on shares of Urban Outfitters in a research report on Wednesday, November 1st. Robert W. Baird reissued a buy rating and set a $35.00 price target on shares of Urban Outfitters in a report on Friday, December 15th. Telsey Advisory Group raised their price target on Urban Outfitters from $30.00 to $35.00 and gave the stock a market perform rating in a report on Tuesday, December 12th. Finally, Wells Fargo & Company reissued a market perform rating and set a $28.00 price target (up previously from $19.00) on shares of Urban Outfitters in a report on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Urban Outfitters has a consensus rating of Hold and an average target price of $25.40.

Shares of Urban Outfitters (URBN) opened at $35.00 on Monday. Urban Outfitters has a 52-week low of $16.19 and a 52-week high of $35.30. The company has a market capitalization of $3,778.96, a PE ratio of 22.82, a PEG ratio of 1.86 and a beta of 0.73.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The business had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. research analysts expect that Urban Outfitters will post 1.56 earnings per share for the current fiscal year.

Urban Outfitters announced that its Board of Directors has authorized a share buyback plan on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Institutional investors and hedge funds have recently made changes to their positions in the business. Empirical Finance LLC boosted its holdings in Urban Outfitters by 45.9% in the 3rd quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock valued at $2,322,000 after purchasing an additional 30,559 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in Urban Outfitters by 39.8% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock valued at $572,000 after purchasing an additional 8,800 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Urban Outfitters by 0.3% in the 2nd 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 purchasing an additional 10,249 shares in the last quarter. First Trust Advisors LP boosted its holdings in Urban Outfitters by 2.9% in the 2nd quarter. First Trust Advisors LP now owns 370,822 shares of the apparel retailer’s stock valued at $6,875,000 after purchasing an additional 10,503 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Urban Outfitters by 11.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock valued at $2,577,000 after purchasing an additional 13,795 shares in the last quarter. 86.24% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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