Urban Outfitters (URBN) Given a $39.00 Price Target by Robert W. Baird Analysts

Urban Outfitters (NASDAQ:URBN) has been assigned a $39.00 price target by investment analysts at Robert W. Baird in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the apparel retailer’s stock. Robert W. Baird’s target price suggests a potential upside of 13.90% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Zacks Investment Research downgraded shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 6th. Telsey Advisory Group boosted their price objective on shares of Urban Outfitters from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday, January 2nd. Jefferies Group reissued a “buy” rating and set a $40.00 price objective on shares of Urban Outfitters in a research report on Monday, December 18th. Finally, KeyCorp reissued a “buy” rating on shares of Urban Outfitters in a research report on Friday, December 15th. Three analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.03.

Urban Outfitters (NASDAQ:URBN) opened at $34.24 on Wednesday. The stock has a market cap of $3,710.00, a price-to-earnings ratio of 22.83, a price-to-earnings-growth 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 quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. The business had revenue of $892.77 million for the quarter, compared to the consensus estimate of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. analysts anticipate that Urban Outfitters will post 1.56 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System grew its position in Urban Outfitters by 6.5% during the 3rd quarter. California Public Employees Retirement System now owns 372,301 shares of the apparel retailer’s stock valued at $8,898,000 after purchasing an additional 22,601 shares during the last quarter. Vident Investment Advisory LLC grew its position in Urban Outfitters by 78.5% during the 3rd quarter. Vident Investment Advisory LLC now owns 137,358 shares of the apparel retailer’s stock valued at $3,283,000 after purchasing an additional 60,392 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Urban Outfitters during the 3rd quarter valued at about $373,000. Royce & Associates LP grew its position in Urban Outfitters by 11.8% during the 3rd quarter. Royce & Associates LP now owns 95,000 shares of the apparel retailer’s stock valued at $2,271,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Senvest Management LLC purchased a new stake in Urban Outfitters during the 3rd quarter valued at about $36,629,000. 86.24% of the stock is currently owned by 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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