Urban Outfitters - URBN Stock Forecast, Price & News

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 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. The company also operates Bhldn stores, which offer heirloom quality wedding gowns, bridesmaid frocks, party dresses, assorted jewelry, headpieces, footwear, lingerie, and decorations; and Terrain stores that provide lifestyle home products, garden and outdoor living products, antiques, live plants, flowers, wellness products, and accessories. In addition, it operates Free People retail stores, which offer casual women's apparel, intimates, activewear, shoes, accessories, home products, gifts, and beauty and wellness products for young women aged 25 to 30; restaurants; and women's apparel subscription rental service under the Nuuly brand name. The company serves its customers directly through retail stores, Websites, mobile applications, catalogs and customer contact centers, franchised or third-party operated stores, and digital businesses. As of January 31, 2022, it operated 261 Urban Outfitters, 238 Anthropologie Group, and 173 Free People stores in the United States, Canada, and Europe; and 10 restaurants, as well as two Urban Outfitters and one Anthropologie franchisee-owned stores. The company is also involved in the wholesale of young women's contemporary casual apparel, intimates, activewear, and shoes under the Free People brand; and home goods through department and specialty stores worldwide. The company was founded in 1970 and is based in Philadelphia, Pennsylvania.

Analysts Set New Price Targets

URBN has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price target on Urban Outfitters from $32.00 to $26.00 in a report on Monday, May 16th. Robert W. Baird cut their price target on Urban Outfitters from $32.00 to $24.00 and set a "neutral" rating for the company in a report on Wednesday, May 25th. Deutsche Bank Aktiengesellschaft cut their price target on Urban Outfitters from $35.00 to $24.00 in a report on Wednesday, May 25th. Wells Fargo & Company cut their price target on Urban Outfitters from $28.00 to $20.00 and set an "equal weight" rating for the company in a report on Wednesday, May 25th. Finally, Morgan Stanley cut Urban Outfitters from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $34.00 to $25.00 in a report on Friday, May 27th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $28.00.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN traded up $0.98 during trading on Thursday, hitting $21.95. The company had a trading volume of 1,659,650 shares, compared to its average volume of 2,207,629. Urban Outfitters has a one year low of $17.81 and a one year high of $41.03. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 7.21, a price-to-earnings-growth ratio of 0.50 and a beta of 1.41. The company has a fifty day simple moving average of $20.45 and a two-hundred day simple moving average of $23.68.

Urban Outfitters (NASDAQ:URBN - Get Rating) last issued its quarterly earnings results on Tuesday, May 24th. The apparel retailer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.09). Urban Outfitters had a return on equity of 16.83% and a net margin of 6.18%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted $0.54 earnings per share. Urban Outfitters's revenue was up 13.2% on a year-over-year basis. On average, equities research analysts anticipate that Urban Outfitters will post 2.25 earnings per share for the current year.