Deutsche Bank Aktiengesellschaft Cuts Urban Outfitters (NASDAQ:URBN) Price Target to $24.00

Urban Outfitters (NASDAQ:URBNGet Rating) had its price target dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from $35.00 to $24.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 33.41% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. StockNews.com initiated coverage on shares of Urban Outfitters in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Barclays lowered Urban Outfitters from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $34.00 to $29.00 in a research note on Friday, April 1st. JPMorgan Chase & Co. cut their price target on Urban Outfitters from $32.00 to $26.00 in a report on Monday, May 16th. Citigroup reduced their price target on shares of Urban Outfitters from $42.00 to $30.00 in a research report on Monday. Finally, BMO Capital Markets lowered their price objective on shares of Urban Outfitters from $27.00 to $21.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $32.00.

Urban Outfitters stock opened at $17.99 on Wednesday. The business has a 50 day simple moving average of $24.40 and a 200 day simple moving average of $27.73. The company has a market capitalization of $1.72 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 0.38 and a beta of 1.43. Urban Outfitters has a one year low of $17.84 and a one year high of $42.10.

Urban Outfitters (NASDAQ:URBNGet Rating) last issued its earnings results on Tuesday, May 24th. The apparel retailer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.09). Urban Outfitters had a net margin of 6.83% and a return on equity of 18.55%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, sell-side analysts anticipate that Urban Outfitters will post 2.94 EPS for the current year.

In related news, CAO Azeez Hayne sold 5,000 shares of the company’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $26.61, for a total value of $133,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 27.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Amplius Wealth Advisors LLC acquired a new position in Urban Outfitters during the fourth quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Urban Outfitters by 1,544.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,644 shares of the apparel retailer’s stock valued at $48,000 after buying an additional 1,544 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Urban Outfitters in the 4th quarter valued at approximately $67,000. Macquarie Group Ltd. grew its stake in shares of Urban Outfitters by 186.8% in the third quarter. Macquarie Group Ltd. now owns 2,710 shares of the apparel retailer’s stock valued at $80,000 after buying an additional 1,765 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in Urban Outfitters during the third quarter worth $149,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

About Urban Outfitters (Get Rating)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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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