Urban Outfitters (URBN) Rating Reiterated by Nomura

Nomura reaffirmed their neutral rating on shares of Urban Outfitters (NASDAQ:URBN) in a report published on Wednesday morning, Marketbeat.com reports. They currently have a $30.00 price target on the apparel retailer’s stock, up from their prior price target of $26.00.

Several other brokerages also recently commented on URBN. Jefferies Group reaffirmed a buy rating and issued a $40.00 price target on shares of Urban Outfitters in a research report on Monday, December 18th. KeyCorp lifted their price target on Urban Outfitters to $3.00 and gave the stock an overweight rating in a research report on Tuesday, November 21st. BidaskClub cut Urban Outfitters from a strong-buy rating to a buy rating in a research report on Saturday, January 6th. BMO Capital Markets boosted their price objective on Urban Outfitters from $20.00 to $28.00 and gave the company a market perform rating in a research report on Tuesday, November 21st. Finally, Zacks Investment Research cut Urban Outfitters from a strong-buy rating to a hold rating in a research report on Saturday, January 6th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $26.40.

Shares of Urban Outfitters (NASDAQ URBN) traded up $0.07 during midday trading on Wednesday, reaching $33.84. The company’s stock had a trading volume of 1,224,651 shares, compared to its average volume of 2,865,650. The company has a market cap of $3,605.76, a P/E ratio of 22.56, a P/E/G ratio of 1.78 and a beta of 0.73. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $36.10.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.08. The company had revenue of $892.77 million for the quarter, compared to the consensus estimate of $860.64 million. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 EPS. sell-side analysts forecast that Urban Outfitters will post 1.56 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Urban Outfitters by 2.4% in the second quarter. FMR LLC now owns 5,986,454 shares of the apparel retailer’s stock worth $110,988,000 after acquiring an additional 139,356 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Urban Outfitters by 32.9% in the third quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock worth $101,640,000 after acquiring an additional 1,053,712 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Urban Outfitters by 7.8% in the third quarter. Bank of New York Mellon Corp now owns 4,234,875 shares of the apparel retailer’s stock worth $101,215,000 after acquiring an additional 308,063 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Urban Outfitters by 4.0% in the second quarter. TIAA CREF Investment Management LLC now owns 2,167,501 shares of the apparel retailer’s stock worth $40,185,000 after acquiring an additional 83,414 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Urban Outfitters by 59.2% in the second quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock worth $33,928,000 after acquiring an additional 680,511 shares in the last quarter. Institutional investors own 86.24% of the company’s stock.

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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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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