Urban Outfitters (NASDAQ:URBN) had its price objective increased by Wedbush from $20.00 to $33.00 in a research report released on Tuesday, The Fly reports. The brokerage currently has a neutral rating on the apparel retailer’s stock. Wedbush also issued estimates for Urban Outfitters’ Q3 2020 earnings at $0.61 EPS, Q4 2020 earnings at $0.87 EPS, FY2020 earnings at $2.39 EPS, FY2021 earnings at $2.65 EPS and FY2022 earnings at $3.41 EPS.
URBN has been the subject of a number of other reports. Jefferies Financial Group set a $35.00 price target on shares of Urban Outfitters and gave the stock a buy rating in a report on Wednesday, August 21st. Loop Capital set a $35.00 price target on shares of Urban Outfitters and gave the stock a buy rating in a report on Friday, September 13th. Morgan Stanley reduced their price target on shares of Urban Outfitters from $42.00 to $34.00 and set an overweight rating for the company in a report on Monday, August 19th. Wells Fargo & Co raised shares of Urban Outfitters from a market perform rating to an outperform rating and raised their price objective for the company from $25.00 to $30.00 in a research note on Monday, September 30th. Finally, B. Riley set a $23.00 price objective on shares of Urban Outfitters and gave the company a hold rating in a research note on Wednesday, August 21st. Thirteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Urban Outfitters currently has a consensus rating of Hold and a consensus target price of $30.44.
NASDAQ:URBN traded up $0.33 on Tuesday, hitting $31.06. The company had a trading volume of 2,197,600 shares, compared to its average volume of 2,125,436. The company has a current ratio of 1.60, a quick ratio of 0.89 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.31 and a beta of 0.77. The firm has a 50 day moving average of $28.44 and a two-hundred day moving average of $25.13. Urban Outfitters has a 52 week low of $19.63 and a 52 week high of $39.54.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $962.30 million during the quarter, compared to analysts’ expectations of $981.40 million. Urban Outfitters had a net margin of 6.54% and a return on equity of 18.10%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. As a group, equities analysts forecast that Urban Outfitters will post 2.29 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. First Quadrant L P CA lifted its stake in shares of Urban Outfitters by 807.6% in the second quarter. First Quadrant L P CA now owns 24,914 shares of the apparel retailer’s stock valued at $567,000 after buying an additional 22,169 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Urban Outfitters during the second quarter valued at about $1,454,000. Point72 Asset Management L.P. lifted its position in shares of Urban Outfitters by 5.8% during the second quarter. Point72 Asset Management L.P. now owns 34,491 shares of the apparel retailer’s stock valued at $785,000 after purchasing an additional 1,890 shares in the last quarter. 1492 Capital Management LLC bought a new position in shares of Urban Outfitters during the second quarter valued at about $446,000. Finally, Bank of America Corp DE lifted its position in shares of Urban Outfitters by 1.8% during the second quarter. Bank of America Corp DE now owns 422,126 shares of the apparel retailer’s stock valued at $9,604,000 after purchasing an additional 7,562 shares in the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.
Urban Outfitters Company Profile
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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