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

A number of analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Urban Outfitters from $29.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday, May 26th. Wells Fargo & Company reduced their price target on shares of Urban Outfitters from $28.00 to $20.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 25th. TheStreet lowered shares of Urban Outfitters from a "b-" rating to a "c+" rating in a research note on Friday, May 20th. Morgan Stanley lowered shares of Urban Outfitters from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $34.00 to $25.00 in a research note on Friday, May 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Urban Outfitters from $32.00 to $26.00 in a research note on Monday, May 16th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Urban Outfitters has an average rating of "Hold" and a consensus target price of $28.00.

Urban Outfitters Trading Down 3.6 %

URBN Stock traded down $0.84 on Friday, hitting $22.20. 79,653 shares of the company's stock traded hands, compared to its average volume of 1,968,842. Urban Outfitters has a 1-year low of $17.81 and a 1-year high of $41.03. The stock has a fifty day moving average of $20.57 and a 200-day moving average of $23.45. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 0.60 and a beta of 1.41.

Urban Outfitters (NASDAQ:URBN - Get Rating) last released 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 net margin of 6.18% and a return on equity of 16.83%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm's revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts anticipate that Urban Outfitters will post 2.15 earnings per share for the current fiscal year.