Urban Outfitters (NASDAQ:URBN) PT Lowered to $20.00

Urban Outfitters (NASDAQ:URBNGet Rating) had its target price lowered by equities research analysts at Wells Fargo & Company from $28.00 to $20.00 in a note issued to investors on Wednesday, The Fly reports. Wells Fargo & Company‘s price target would indicate a potential upside of 11.17% from the company’s current price.

Several other brokerages have also recently weighed in on URBN. Zacks Investment Research cut Urban Outfitters from a “hold” rating to a “sell” rating and set a $31.00 price target for the company. in a research report on Tuesday, January 25th. B. Riley decreased their target price on shares of Urban Outfitters from $44.00 to $39.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Robert W. Baird cut their price objective on shares of Urban Outfitters from $32.00 to $24.00 in a report on Wednesday. Morgan Stanley lowered their target price on shares of Urban Outfitters from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, March 7th. Finally, TheStreet cut Urban Outfitters from a “b-” rating to a “c+” rating in a report on Friday, May 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.00.

NASDAQ URBN opened at $17.99 on Wednesday. The company’s 50-day simple moving average is $24.40 and its two-hundred day simple moving average is $27.73. The company has a market capitalization of $1.72 billion, a price-to-earnings 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 announced its earnings results on Tuesday, May 24th. The apparel retailer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.09). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.07 billion. Urban Outfitters had a net margin of 6.83% and a return on equity of 18.55%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. As a group, equities research analysts expect that Urban Outfitters will post 2.94 earnings per share for the current year.

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

Hedge funds have recently added to or reduced their stakes in the company. Man Group plc grew its position in Urban Outfitters by 98.6% in the third quarter. Man Group plc now owns 236,958 shares of the apparel retailer’s stock worth $7,035,000 after acquiring an additional 117,632 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Urban Outfitters during the 4th quarter worth $381,000. Verdence Capital Advisors LLC acquired a new stake in shares of Urban Outfitters during the 4th quarter worth about $270,000. Lazard Asset Management LLC raised its holdings in Urban Outfitters by 24.4% in the 4th quarter. Lazard Asset Management LLC now owns 145,753 shares of the apparel retailer’s stock valued at $4,279,000 after buying an additional 28,613 shares during the period. Finally, Brookfield Asset Management Inc. acquired a new position in Urban Outfitters in the third quarter valued at about $2,735,000. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

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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