Urban Outfitters, Inc. (NASDAQ:URBN) had its price objective hoisted by stock analysts at Buckingham Research from $25.00 to $30.00 in a research note issued on Tuesday. The firm presently has a “buy” rating on the apparel retailer’s stock. Buckingham Research’s price objective indicates a potential upside of 20.24% from the company’s previous close.
Several other brokerages have also recently weighed in on URBN. Zacks Investment Research cut Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Royal Bank Of Canada set a $21.00 price objective on Urban Outfitters and gave the company a “hold” rating in a report on Monday, October 30th. Robert W. Baird restated a “buy” rating and issued a $24.00 price objective on shares of Urban Outfitters in a report on Wednesday, November 1st. B. Riley restated a “neutral” rating on shares of Urban Outfitters in a report on Wednesday, November 1st. Finally, Deutsche Bank AG downgraded shares of Urban Outfitters from a “hold” rating to a “sell” rating and cut their target price for the company from $23.00 to $19.00 in a research note on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eight have given a buy rating to the company. Urban Outfitters has an average rating of “Hold” and an average target price of $22.76.
Shares of Urban Outfitters (NASDAQ:URBN) traded down $0.45 during midday trading on Tuesday, hitting $24.95. The stock had a trading volume of 1,863,000 shares, compared to its average volume of 3,353,082. The company has a market cap of $2,770.00, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.54 and a beta of 0.62. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $40.80.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The company had revenue of $873.00 million during the quarter, compared to analysts’ expectations of $860.80 million. Urban Outfitters had a return on equity of 13.61% and a net margin of 4.92%. Urban Outfitters’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. research analysts anticipate that Urban Outfitters will post 1.43 EPS for the current year.
Urban Outfitters declared that its Board of Directors has approved a share repurchase program on Thursday, August 24th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the apparel retailer to reacquire up to 0.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
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Large investors have recently modified their holdings of the company. Empirical Finance LLC lifted its holdings in shares of Urban Outfitters by 45.9% during the third quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock worth $2,322,000 after purchasing an additional 30,559 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Urban Outfitters by 39.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock worth $572,000 after purchasing an additional 8,800 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Urban Outfitters by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock worth $72,803,000 after purchasing an additional 10,249 shares during the period. First Trust Advisors LP lifted its holdings in shares of Urban Outfitters by 2.9% during the second quarter. First Trust Advisors LP now owns 370,822 shares of the apparel retailer’s stock worth $6,875,000 after purchasing an additional 10,503 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Urban Outfitters by 11.0% during the second quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock worth $2,577,000 after purchasing an additional 13,795 shares during the period. Institutional investors own 87.42% of the company’s stock.
About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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