Deutsche Bank Analysts Give Urban Outfitters (URBN) a $33.00 Price Target

Deutsche Bank set a $33.00 price objective on Urban Outfitters (NASDAQ:URBN) in a research note released on Wednesday morning, TipRanks reports. The brokerage currently has a hold rating on the apparel retailer’s stock.

Several other equities research analysts have also recently commented on the stock. ValuEngine cut shares of Urban Outfitters from a hold rating to a sell rating in a research report on Monday, April 1st. DA Davidson raised shares of Urban Outfitters from a neutral rating to a buy rating and raised their target price for the stock from $30.00 to $36.00 in a research report on Tuesday, April 2nd. BidaskClub raised shares of Urban Outfitters from a sell rating to a hold rating in a research report on Wednesday, April 10th. Zacks Investment Research raised shares of Urban Outfitters from a sell rating to a hold rating in a research report on Friday, April 12th. Finally, B. Riley dropped their target price on shares of Urban Outfitters from $40.00 to $38.00 and set a buy rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $38.64.

Urban Outfitters stock traded down $0.47 during trading hours on Wednesday, reaching $23.87. The stock had a trading volume of 244,262 shares, compared to its average volume of 2,559,492. The firm has a market cap of $2.50 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.93 and a beta of 0.53. Urban Outfitters has a 52 week low of $24.06 and a 52 week high of $52.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $864.41 million for the quarter, compared to analyst estimates of $857.31 million. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.02%. During the same quarter last year, the firm earned $0.38 EPS. As a group, sell-side analysts expect that Urban Outfitters will post 2.59 earnings per share for the current year.

In related news, Director Edward N. Antoian sold 18,006 shares of Urban Outfitters stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $33.23, for a total transaction of $598,339.38. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $664,600. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Calvin Hollinger sold 23,813 shares of Urban Outfitters stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $29.13, for a total transaction of $693,672.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,200 shares of company stock valued at $3,237,851. 24.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. raised its holdings in Urban Outfitters by 31.3% in the fourth quarter. Macquarie Group Ltd. now owns 67,129 shares of the apparel retailer’s stock worth $2,229,000 after buying an additional 16,000 shares during the last quarter. Stifel Financial Corp raised its holdings in Urban Outfitters by 73.1% in the fourth quarter. Stifel Financial Corp now owns 36,306 shares of the apparel retailer’s stock worth $1,206,000 after buying an additional 15,327 shares during the last quarter. Morgan Stanley raised its holdings in Urban Outfitters by 36.3% in the third quarter. Morgan Stanley now owns 439,308 shares of the apparel retailer’s stock worth $17,967,000 after buying an additional 117,075 shares during the last quarter. Comerica Bank raised its holdings in Urban Outfitters by 1.3% in the fourth quarter. Comerica Bank now owns 49,939 shares of the apparel retailer’s stock worth $1,600,000 after buying an additional 653 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Urban Outfitters by 252.5% in the fourth quarter. Bank of Montreal Can now owns 105,273 shares of the apparel retailer’s stock worth $3,495,000 after buying an additional 75,409 shares during the last quarter. 71.91% of the stock is owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

Read More: Trading based on a resistance level

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit