Urban Outfitters (URBN) PT Set at $58.00 by Jefferies Financial Group

Urban Outfitters (NASDAQ:URBN) has been given a $58.00 price target by equities research analysts at Jefferies Financial Group in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Jefferies Financial Group’s price target suggests a potential upside of 77.81% from the stock’s previous close.

URBN has been the topic of a number of other research reports. BidaskClub cut Urban Outfitters from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Zacks Investment Research raised Urban Outfitters from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Thursday, November 29th. Telsey Advisory Group reduced their price target on Urban Outfitters from $44.00 to $42.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 20th. DA Davidson assumed coverage on Urban Outfitters in a research note on Tuesday, September 25th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, B. Riley raised Urban Outfitters from a “neutral” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, October 2nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. Urban Outfitters currently has an average rating of “Hold” and a consensus target price of $43.99.

NASDAQ:URBN traded up $0.06 during trading hours on Friday, reaching $32.62. 4,437,570 shares of the company traded hands, compared to its average volume of 3,303,296. The stock has a market cap of $3.63 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.10 and a beta of 0.68. Urban Outfitters has a 1-year low of $31.20 and a 1-year high of $52.50.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Monday, November 19th. The apparel retailer reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $973.50 million for the quarter, compared to analysts’ expectations of $967.82 million. Urban Outfitters had a return on equity of 20.65% and a net margin of 5.44%. Urban Outfitters’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, equities analysts anticipate that Urban Outfitters will post 2.73 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of URBN. PNC Financial Services Group Inc. increased its holdings in Urban Outfitters by 5.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,764 shares of the apparel retailer’s stock valued at $881,000 after purchasing an additional 1,107 shares in the last quarter. Hartford Investment Management Co. increased its holdings in Urban Outfitters by 11.4% in the 3rd quarter. Hartford Investment Management Co. now owns 12,800 shares of the apparel retailer’s stock valued at $524,000 after purchasing an additional 1,309 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Urban Outfitters by 16.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,625 shares of the apparel retailer’s stock valued at $435,000 after purchasing an additional 1,480 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in Urban Outfitters by 145.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,600 shares of the apparel retailer’s stock valued at $116,000 after purchasing an additional 1,541 shares in the last quarter. Finally, Strs Ohio increased its holdings in Urban Outfitters by 28.5% in the 3rd quarter. Strs Ohio now owns 7,481 shares of the apparel retailer’s stock valued at $305,000 after purchasing an additional 1,661 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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