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.
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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