Urban Outfitters (NASDAQ:URBN) had its price target cut by stock analysts at Loop Capital to $25.00 in a report released on Wednesday, The Fly reports. The firm currently has a “buy” rating on the apparel retailer’s stock. Loop Capital’s price target points to a potential upside of 13.43% from the company’s previous close.
URBN has been the topic of several other reports. ValuEngine lowered Urban Outfitters from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 24th. Nomura reduced their price objective 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. B. Riley lowered Urban Outfitters from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $23.00 in a research report on Thursday, August 15th. Robert W. Baird reiterated a “hold” rating and set a $25.00 price objective on shares of Urban Outfitters in a research report on Wednesday. Finally, Deutsche Bank set a $29.00 price target on Urban Outfitters and gave the stock a “hold” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $32.83.
URBN traded up $1.13 during trading on Wednesday, reaching $22.04. 99,962 shares of the company were exchanged, compared to its average volume of 2,318,324. The company’s 50-day moving average is $22.46 and its two-hundred day moving average is $26.75. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 0.77 and a beta of 0.76. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 0.75. Urban Outfitters has a 12-month low of $19.63 and a 12-month high of $52.50.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. Urban Outfitters had a return on equity of 20.07% and a net margin of 7.31%. The firm had revenue of $962.30 million for the quarter, compared to analysts’ expectations of $981.40 million. During the same quarter last year, the firm posted $0.84 EPS. The company’s revenue was down 3.0% compared to the same quarter last year. Equities analysts forecast that Urban Outfitters will post 2.38 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Dimensional Fund Advisors LP grew its stake in Urban Outfitters by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,083,951 shares of the apparel retailer’s stock worth $102,389,000 after purchasing an additional 227,342 shares in the last quarter. Geode Capital Management LLC grew its stake in Urban Outfitters by 13.1% in the fourth quarter. Geode Capital Management LLC now owns 942,948 shares of the apparel retailer’s stock worth $31,305,000 after purchasing an additional 109,441 shares in the last quarter. Retirement Systems of Alabama grew its stake in Urban Outfitters by 0.4% in the first quarter. Retirement Systems of Alabama now owns 98,085 shares of the apparel retailer’s stock worth $2,907,000 after purchasing an additional 379 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Urban Outfitters by 5.5% in the first quarter. Nisa Investment Advisors LLC now owns 26,800 shares of the apparel retailer’s stock worth $794,000 after purchasing an additional 1,400 shares in the last quarter. Finally, BB&T Corp grew its stake in Urban Outfitters by 0.5% in the first quarter. BB&T Corp now owns 80,148 shares of the apparel retailer’s stock worth $2,376,000 after purchasing an additional 394 shares in the last quarter. 74.10% of the stock is currently owned by hedge funds and other institutional investors.
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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