BidaskClub Downgrades Urban Outfitters (URBN) to Buy

Urban Outfitters (NASDAQ:URBN) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other brokerages have also recently commented on URBN. Telsey Advisory Group raised their target price on Urban Outfitters from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday. Robert W. Baird set a $39.00 target price on Urban Outfitters and gave the stock a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Saturday. Wolfe Research raised their target price on Urban Outfitters from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of Urban Outfitters in a research report on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eleven have assigned a buy rating to the stock. Urban Outfitters presently has an average rating of “Hold” and an average price target of $25.63.

Urban Outfitters (NASDAQ:URBN) traded down $0.09 on Friday, hitting $34.26. The stock had a trading volume of 3,249,313 shares, compared to its average volume of 2,438,370. The company has a market cap of $3,718.34, a price-to-earnings ratio of 22.84, a PEG ratio of 1.83 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 issued its earnings results on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.08. The business had revenue of $892.77 million during the quarter, compared to analysts’ expectations of $860.64 million. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. Urban Outfitters’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. equities research analysts forecast that Urban Outfitters will post 1.56 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial INC acquired a new stake in Urban Outfitters during the second quarter valued at $151,000. Pacad Investment Ltd. bought a new position in Urban Outfitters during the second quarter valued at about $191,000. BT Investment Management Ltd bought a new position in Urban Outfitters during the second quarter valued at about $196,000. Oppenheimer Asset Management Inc. raised its holdings in Urban Outfitters by 0.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock valued at $198,000 after buying an additional 43 shares in the last quarter. Finally, Invictus RG bought a new position in Urban Outfitters during the third quarter valued at about $241,000. 86.24% of the stock is owned by hedge funds and other institutional investors.

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Urban Outfitters Company Profile

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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