Urban Outfitters (NASDAQ:URBN)‘s stock had its “buy” rating restated by equities research analysts at Janney Montgomery Scott in a research note issued to investors on Thursday, AnalystRatingsNetwork reports.
A number of other firms have also recently commented on URBN. Analysts at Thomson Reuters/Verus downgraded shares of Urban Outfitters (NASDAQ:URBN) from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 26th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Urban Outfitters (NASDAQ:URBN) in a research note to investors on Wednesday, August 21st. They now have a $45.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Urban Outfitters (NASDAQ:URBN) from $49.00 to $50.00 in a research note to investors on Tuesday, August 20th. They now have an “outperform” rating on the stock.
One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company. Urban Outfitters currently has a consensus rating of “Buy” and a consensus price target of $45.56.
Urban Outfitters (NASDAQ:URBN) traded up 0.86% on Thursday, hitting $42.32. 315,323 shares of the company’s stock traded hands. Urban Outfitters has a 52 week low of $34.38 and a 52 week high of $44.96. The stock’s 50-day moving average is $42.08 and its 200-day moving average is $41.33. The company has a market cap of $6.234 billion and a P/E ratio of 23.35.
Urban Outfitters (NASDAQ:URBN) last released its earnings data on Monday, August 19th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.03. The company had revenue of $758.52 million for the quarter, compared to the consensus estimate of $768.07 million. During the same quarter last year, the company posted $0.42 earnings per share. Urban Outfitters’s revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that Urban Outfitters will post $1.94 earnings per share for the current fiscal year.
In other Urban Outfitters news, General Counsel Glen Bodzy sold 92,354 shares of the stock on the open market in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $41.83, for a total transaction of $3,863,167.82. Following the completion of the sale, the general counsel now directly owns 255,646 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Urban Outfitters, Inc (NASDAQ:URBN) is a lifestyle specialty retail company, which operates under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands.
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