Urban Outfitters (NASDAQ:URBN) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm presently has a $32.74 price objective on the apparel retailer’s stock. Morgan Stanley’s price target would suggest a potential upside of 0.28% from the company’s current price.
A number of other research analysts have also issued reports on the stock. BidaskClub lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Wedbush reaffirmed a “hold” rating and set a $35.00 price objective (down previously from $50.00) on shares of Urban Outfitters in a research note on Thursday, October 11th. Bank of America set a $50.00 price objective on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Tuesday, November 20th. ValuEngine downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. Finally, B. Riley raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, October 2nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $43.99.
NASDAQ:URBN traded up $0.09 on Wednesday, reaching $32.65. The stock had a trading volume of 54,718 shares, compared to its average volume of 2,169,343. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.10 and a beta of 0.68. Urban Outfitters has a 12-month low of $31.20 and a 12-month high of $52.50.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Monday, November 19th. The apparel retailer reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. The company had revenue of $973.50 million for the quarter, compared to analyst estimates of $967.82 million. Urban Outfitters had a net margin of 5.44% and a return on equity of 20.65%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. As a group, equities analysts predict that Urban Outfitters will post 2.73 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of URBN. AQR Capital Management LLC increased its position in Urban Outfitters by 547.6% during the 3rd quarter. AQR Capital Management LLC now owns 4,487,410 shares of the apparel retailer’s stock worth $183,535,000 after purchasing an additional 3,794,451 shares in the last quarter. FMR LLC grew its position in Urban Outfitters by 79.7% in the second quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock valued at $350,737,000 after acquiring an additional 3,492,613 shares in the last quarter. Waddell & Reed Financial Inc. acquired a new stake in Urban Outfitters in the second quarter valued at approximately $50,202,000. MERIAN GLOBAL INVESTORS UK Ltd grew its position in Urban Outfitters by 59.0% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,718,187 shares of the apparel retailer’s stock valued at $111,173,000 after acquiring an additional 1,008,156 shares in the last quarter. Finally, Man Group plc grew its position in Urban Outfitters by 557.0% in the third quarter. Man Group plc now owns 1,027,750 shares of the apparel retailer’s stock valued at $42,035,000 after acquiring an additional 871,309 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.
Urban Outfitters Company Profile
Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.