Royal Bank of Canada set a $22.00 target price on Urban Outfitters, Inc. (NASDAQ:URBN) in a research report sent to investors on Monday. The brokerage currently has a hold rating on the apparel retailer’s stock.
Other equities analysts have also issued research reports about the stock. Mizuho lowered shares of Urban Outfitters to a hold rating in a report on Saturday, March 11th. Citigroup Inc lowered shares of Urban Outfitters from a buy rating to a neutral rating and cut their price objective for the stock from $32.00 to $23.00 in a report on Tuesday, April 4th. Jefferies Group LLC reiterated a buy rating and issued a $35.00 price objective on shares of Urban Outfitters in a report on Wednesday, March 8th. Wedbush cut their price objective on shares of Urban Outfitters to $26.00 in a report on Wednesday, March 8th. Finally, William Blair lowered shares of Urban Outfitters from an outperform rating to a market perform rating in a report on Wednesday, March 8th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $27.88.
Urban Outfitters (NASDAQ:URBN) traded up 0.10% during trading on Monday, reaching $19.42. The company had a trading volume of 2,332,775 shares. The stock has a 50 day moving average price of $22.69 and a 200-day moving average price of $27.41. The company has a market capitalization of $2.26 billion, a PE ratio of 11.34 and a beta of 0.66. Urban Outfitters has a 52-week low of $18.76 and a 52-week high of $40.80. Urban Outfitters also was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 24,603 put options on the company. This represents an increase of approximately 1,209% compared to the average volume of 1,880 put options.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, May 16th. The apparel retailer reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. Urban Outfitters had a return on equity of 18.88% and a net margin of 6.42%. The firm had revenue of $761.20 million during the quarter, compared to analyst estimates of $768.95 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Urban Outfitters will post $1.61 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of URBN. Bank of Nova Scotia bought a new stake in shares of Urban Outfitters during the first quarter worth $251,000. Gareth Morgan Investments Limited Partnership raised its stake in shares of Urban Outfitters by 25.2% in the first quarter. Gareth Morgan Investments Limited Partnership now owns 99,325 shares of the apparel retailer’s stock worth $2,360,000 after buying an additional 20,009 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Urban Outfitters by 30.5% in the first quarter. Tudor Investment Corp ET AL now owns 15,400 shares of the apparel retailer’s stock worth $366,000 after buying an additional 3,600 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Urban Outfitters by 81.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 85,139 shares of the apparel retailer’s stock worth $2,023,000 after buying an additional 38,179 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Urban Outfitters by 105.2% in the first quarter. Bank of America Corp DE now owns 1,578,836 shares of the apparel retailer’s stock worth $37,513,000 after buying an additional 809,449 shares in the last quarter. 78.05% of the stock is owned by institutional investors.
Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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