Urban Outfitters (NASDAQ:URBN) was upgraded by equities researchers at BidaskClub from a "sell" rating to a "hold" rating in a research report issued on Thursday, BidAskClub reports.
Other research analysts also recently issued research reports about the company. DA Davidson lifted their price target on Urban Outfitters from $18.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, May 20th. Jefferies Financial Group restated a "buy" rating and set a $20.00 target price on shares of Urban Outfitters in a research report on Friday, May 15th. MKM Partners dropped their price objective on shares of Urban Outfitters from $23.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, May 15th. ValuEngine raised Urban Outfitters from a "hold" rating to a "buy" rating in a research note on Monday, June 1st. Finally, Morgan Stanley reduced their target price on Urban Outfitters from $23.00 to $21.00 and set an "overweight" rating on the stock in a research note on Thursday, May 21st. Fourteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. The company currently has an average rating of "Hold" and an average price target of $20.56.
Shares of URBN opened at $17.53 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.77 and a debt-to-equity ratio of 1.01. Urban Outfitters has a 52-week low of $12.28 and a 52-week high of $31.41. The company has a 50-day simple moving average of $17.34 and a 200-day simple moving average of $20.64. The company has a market capitalization of $1.61 billion, a PE ratio of -438.25 and a beta of 1.27.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, May 19th. The apparel retailer reported ($1.41) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.26) by ($1.15). The company had revenue of $588.50 million during the quarter, compared to analysts' expectations of $637.99 million. Urban Outfitters had a negative net margin of 0.08% and a positive return on equity of 2.65%. The company's quarterly revenue was down 31.9% on a year-over-year basis. During the same period last year, the business posted $0.31 earnings per share. On average, research analysts anticipate that Urban Outfitters will post -0.94 EPS for the current year.
Several hedge funds have recently made changes to their positions in URBN. Victory Capital Management Inc. lifted its holdings in shares of Urban Outfitters by 14.8% during the 4th quarter. Victory Capital Management Inc. now owns 15,432 shares of the apparel retailer's stock worth $429,000 after acquiring an additional 1,990 shares during the period. Bank of Montreal Can lifted its holdings in shares of Urban Outfitters by 96.8% during the 4th quarter. Bank of Montreal Can now owns 12,017 shares of the apparel retailer's stock worth $334,000 after acquiring an additional 5,910 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of Urban Outfitters during the 4th quarter worth about $940,000. Franklin Resources Inc. lifted its holdings in shares of Urban Outfitters by 10.2% during the 4th quarter. Franklin Resources Inc. now owns 32,503 shares of the apparel retailer's stock worth $903,000 after acquiring an additional 3,000 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Urban Outfitters by 5.0% during the 4th quarter. Raymond James & Associates now owns 109,429 shares of the apparel retailer's stock worth $3,039,000 after acquiring an additional 5,211 shares during the period. Institutional investors and hedge funds own 71.97% of the company's stock.
About Urban Outfitters
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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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