Urban Outfitters (NASDAQ:URBN) Given a $35.00 Price Target at Loop Capital

Loop Capital set a $35.00 target price on Urban Outfitters (NASDAQ:URBN) in a research report sent to investors on Friday, The Fly reports. The brokerage currently has a buy rating on the apparel retailer’s stock.

URBN has been the subject of several other research reports. Telsey Advisory Group reaffirmed a market perform rating and set a $29.00 target price (down previously from $33.00) on shares of Urban Outfitters in a research note on Wednesday, May 22nd. MKM Partners decreased their target price on Urban Outfitters to $25.00 and set a neutral rating for the company in a research note on Wednesday, August 21st. KeyCorp reaffirmed a hold rating on shares of Urban Outfitters in a research note on Wednesday, August 21st. Deutsche Bank decreased their target price on Urban Outfitters from $29.00 to $28.00 and set a hold rating for the company in a research note on Friday, August 16th. Finally, Wolfe Research decreased their target price on Urban Outfitters from $30.00 to $26.00 and set an outperform rating for the company in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $29.41.

NASDAQ:URBN opened at $25.74 on Friday. Urban Outfitters has a 1 year low of $19.63 and a 1 year high of $42.50. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.12 and a beta of 0.72. The business has a fifty day moving average of $22.81 and a 200-day moving average of $25.87. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.89 and a current ratio of 1.60.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Urban Outfitters had a return on equity of 18.10% and a net margin of 6.54%. The company had revenue of $962.30 million during the quarter, compared to analysts’ expectations of $981.40 million. During the same quarter in the prior year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities research analysts predict that Urban Outfitters will post 2.3 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Urban Outfitters by 6.4% in the 1st quarter. FMR LLC now owns 6,045,443 shares of the apparel retailer’s stock valued at $179,186,000 after purchasing an additional 363,325 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Urban Outfitters by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,842,593 shares of the apparel retailer’s stock valued at $41,918,000 after purchasing an additional 160,628 shares during the period. Invesco Ltd. boosted its position in shares of Urban Outfitters by 1.4% in the 2nd quarter. Invesco Ltd. now owns 1,408,688 shares of the apparel retailer’s stock valued at $32,048,000 after purchasing an additional 20,062 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of Urban Outfitters by 35.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,096,381 shares of the apparel retailer’s stock valued at $24,943,000 after purchasing an additional 284,988 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Urban Outfitters by 13.1% in the 4th quarter. Geode Capital Management LLC now owns 942,948 shares of the apparel retailer’s stock valued at $31,305,000 after purchasing an additional 109,441 shares during the period. Institutional investors and hedge funds own 74.12% of the company’s stock.

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.

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