B. Riley set a $23.00 price objective on Urban Outfitters (NASDAQ:URBN) in a report issued on Wednesday, TipRanks reports. The firm currently has a hold rating on the apparel retailer’s stock. B. Riley also issued estimates for Urban Outfitters’ Q2 2020 earnings at $0.57 EPS, Q3 2020 earnings at $0.59 EPS, Q3 2020 earnings at $0.56 EPS, Q4 2020 earnings at $0.78 EPS, Q4 2020 earnings at $0.81 EPS, FY2020 earnings at $2.25 EPS, FY2020 earnings at $2.28 EPS, Q1 2021 earnings at $0.25 EPS, Q2 2021 earnings at $0.69 EPS, Q3 2021 earnings at $0.66 EPS, Q4 2021 earnings at $0.90 EPS, FY2021 earnings at $2.49 EPS and FY2021 earnings at $2.33 EPS.
Several other research analysts have also issued reports on the company. Loop Capital reduced their price target on Urban Outfitters to $25.00 and set a buy rating on the stock in a research report on Wednesday. Nomura reduced their price target on Urban Outfitters from $32.00 to $28.00 and set a neutral rating on the stock in a research report on Wednesday, May 22nd. Bank of America restated a buy rating and issued a $28.00 price target (down from $33.00) on shares of Urban Outfitters in a research report on Wednesday. Wedbush restated a neutral rating and issued a $20.00 price target (down from $26.00) on shares of Urban Outfitters in a research report on Wednesday. Finally, BidaskClub upgraded Urban Outfitters from a strong sell rating to a sell rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. Urban Outfitters currently has a consensus rating of Hold and an average target price of $28.82.
NASDAQ:URBN opened at $22.68 on Wednesday. Urban Outfitters has a 12-month low of $19.63 and a 12-month high of $48.74. The company has a quick ratio of 1.13, a current ratio of 1.60 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $2.19 billion, a P/E ratio of 8.25, a P/E/G ratio of 0.87 and a beta of 0.76. The stock’s fifty day simple moving average is $22.46 and its 200-day simple moving average is $26.62.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Urban Outfitters had a return on equity of 18.10% and a net margin of 6.54%. The business had revenue of $962.30 million for the quarter, compared to analyst estimates of $981.40 million. During the same period last year, the company earned $0.84 EPS. The firm’s revenue was down 3.0% on a year-over-year basis. As a group, equities research analysts expect that Urban Outfitters will post 2.3 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of URBN. Investment Counselors of Maryland LLC bought a new position in Urban Outfitters during the second quarter worth about $20,258,000. Victory Capital Management Inc. bought a new position in Urban Outfitters during the second quarter worth about $16,450,000. Parametric Portfolio Associates LLC lifted its holdings in Urban Outfitters by 182.8% during the first quarter. Parametric Portfolio Associates LLC now owns 811,393 shares of the apparel retailer’s stock worth $24,050,000 after acquiring an additional 524,469 shares in the last quarter. Morgan Stanley lifted its holdings in Urban Outfitters by 121.7% during the second quarter. Morgan Stanley now owns 921,845 shares of the apparel retailer’s stock worth $20,971,000 after acquiring an additional 505,998 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Urban Outfitters during the second quarter worth about $10,986,000. Hedge funds and other institutional investors own 74.10% 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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