Urban Outfitters (NASDAQ:URBN) had its price objective boosted by investment analysts at Deutsche Bank Aktiengesellschaft from $31.00 to $32.00 in a note issued to investors on Thursday, The Fly reports. The brokerage presently has a "hold" rating on the apparel retailer's stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 17.78% from the stock's previous close.
A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company cut Urban Outfitters from an "overweight" rating to an "equal weight" rating and set a $28.00 target price for the company. in a report on Tuesday, November 17th. MKM Partners increased their target price on Urban Outfitters from $23.00 to $30.00 in a report on Tuesday, November 24th. Smith Barney Citigroup lowered their target price on Urban Outfitters from $33.00 to $31.00 in a report on Wednesday, January 13th. JPMorgan Chase & Co. cut Urban Outfitters from a "neutral" rating to an "underweight" rating and set a $26.00 target price for the company. in a report on Thursday, January 14th. Finally, Jefferies Financial Group increased their target price on Urban Outfitters from $27.00 to $37.00 and gave the stock a "buy" rating in a report on Tuesday, November 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. Urban Outfitters currently has a consensus rating of "Hold" and an average price target of $29.10.
URBN opened at $27.17 on Thursday. Urban Outfitters has a 12 month low of $12.28 and a 12 month high of $32.86. The company has a fifty day simple moving average of $27.07 and a 200 day simple moving average of $23.30. The stock has a market cap of $2.66 billion, a P/E ratio of -339.63, a P/E/G ratio of 8.80 and a beta of 1.61.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Sunday, November 22nd. The apparel retailer reported $0.78 EPS for the quarter, beating the Zacks' consensus estimate of $0.45 by $0.33. Urban Outfitters had a negative net margin of 0.22% and a positive return on equity of 2.30%. The business had revenue of $969.61 million during the quarter, compared to analysts' expectations of $929.53 million. During the same quarter in the prior year, the company earned $0.56 EPS. On average, research analysts predict that Urban Outfitters will post 0.18 earnings per share for the current year.
In related news, CEO Trish Donnelly sold 15,000 shares of the firm's stock in a transaction dated Wednesday, November 18th. The shares were sold at an average price of $29.00, for a total value of $435,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,589 shares in the company, valued at approximately $394,081. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 30.50% of the company's stock.
A number of large investors have recently modified their holdings of URBN. Massachusetts Financial Services Co. MA lifted its stake in Urban Outfitters by 19.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,480,595 shares of the apparel retailer's stock valued at $93,241,000 after purchasing an additional 734,201 shares during the last quarter. FMR LLC lifted its position in Urban Outfitters by 12.0% during the second quarter. FMR LLC now owns 5,598,061 shares of the apparel retailer's stock worth $85,202,000 after acquiring an additional 599,759 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Urban Outfitters during the third quarter worth approximately $7,115,000. BlackRock Inc. lifted its position in Urban Outfitters by 3.4% during the third quarter. BlackRock Inc. now owns 8,181,515 shares of the apparel retailer's stock worth $170,257,000 after acquiring an additional 269,541 shares during the last quarter. Finally, Kehrs Ridge Capital LLC acquired a new stake in Urban Outfitters during the third quarter worth approximately $5,203,000. Institutional investors and hedge funds own 69.79% 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 Subscription. 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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