Urban Outfitters (NASDAQ:URBN) PT Lowered to $25.00

Urban Outfitters (NASDAQ:URBN) had its price target decreased by investment analysts at Robert W. Baird from $26.00 to $25.00 in a research report issued on Wednesday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. Robert W. Baird’s price target indicates a potential upside of 4.65% from the stock’s previous close.

A number of other brokerages also recently issued reports on URBN. Telsey Advisory Group reiterated a “market perform” rating and set a $29.00 price objective (down from $33.00) on shares of Urban Outfitters in a research note on Wednesday, May 22nd. ValuEngine downgraded shares of Urban Outfitters from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 24th. Bank of America reiterated a “buy” rating and set a $28.00 price objective (down from $33.00) on shares of Urban Outfitters in a research note on Wednesday. BidaskClub upgraded shares of Urban Outfitters from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, Deutsche Bank reduced their price objective on shares of Urban Outfitters from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $28.82.

Shares of Urban Outfitters stock opened at $23.89 on Wednesday. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.78 and a beta of 0.76. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 0.75. Urban Outfitters has a 12-month low of $19.63 and a 12-month high of $48.74. The firm’s 50-day moving average price is $22.46 and its two-hundred day moving average price is $26.66.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $962.30 million for the quarter, compared to the consensus estimate of $981.40 million. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.07%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. On average, sell-side analysts expect that Urban Outfitters will post 2.38 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of Urban Outfitters by 114.9% in the first quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock worth $35,000 after acquiring an additional 631 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Urban Outfitters by 178.1% in the first quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock worth $37,000 after acquiring an additional 789 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Urban Outfitters by 136.4% in the second quarter. Huntington National Bank now owns 1,300 shares of the apparel retailer’s stock worth $30,000 after acquiring an additional 750 shares during the last quarter. Royce & Associates LP bought a new position in Urban Outfitters in the 1st quarter valued at approximately $50,000. Finally, Smithfield Trust Co. bought a new position in Urban Outfitters in the 1st quarter valued at approximately $53,000. 74.10% of the stock is owned by hedge funds and other institutional investors.

About Urban Outfitters

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: What is the operating income formula?

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