Several other equities research analysts have also recently issued reports on the stock. Citigroup cut shares of Urban Outfitters from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $36.00 to $40.00 in a research report on Monday, August 14th. Telsey Advisory Group restated an “outperform” rating and issued a $42.00 price target on shares of Urban Outfitters in a research report on Wednesday. UBS Group boosted their price target on shares of Urban Outfitters from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Wednesday, August 23rd. Bank of America boosted their price target on shares of Urban Outfitters from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Barclays boosted their price target on shares of Urban Outfitters from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters currently has a consensus rating of “Hold” and an average price target of $35.92.
Urban Outfitters Price Performance
Urban Outfitters (NASDAQ:URBN – Get Free Report) last released its quarterly earnings data on Tuesday, August 22nd. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.21. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Urban Outfitters had a net margin of 4.56% and a return on equity of 12.51%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. As a group, equities analysts expect that Urban Outfitters will post 3.23 EPS for the current year.
Institutional Trading of Urban Outfitters
Several institutional investors and hedge funds have recently modified their holdings of URBN. Cerity Partners LLC bought a new position in Urban Outfitters in the first quarter worth approximately $424,000. Financial Management Professionals Inc. bought a new position in Urban Outfitters in the second quarter worth approximately $31,000. Point72 Asset Management L.P. bought a new position in Urban Outfitters in the second quarter worth approximately $33,000. Covestor Ltd raised its stake in Urban Outfitters by 561.6% in the second quarter. Covestor Ltd now owns 999 shares of the apparel retailer’s stock worth $33,000 after buying an additional 848 shares in the last quarter. Finally, Castleview Partners LLC bought a new position in Urban Outfitters in the third quarter worth approximately $39,000. Institutional investors own 70.21% of the company’s stock.
About Urban Outfitters
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 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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