Other analysts have also recently issued reports about the stock. Royal Bank of Canada cut their price target on shares of Urban Outfitters from $28.00 to $25.00 and set a market perform rating on the stock in a report on Wednesday, November 20th. Barclays reaffirmed a neutral rating on shares of Urban Outfitters in a report on Thursday, November 21st. William Blair reaffirmed a hold rating on shares of Urban Outfitters in a report on Wednesday, November 20th. Jefferies Financial Group cut their price target on shares of Urban Outfitters from $35.00 to $33.00 and set a buy rating on the stock in a report on Wednesday, November 20th. Finally, Deutsche Bank cut their price target on shares of Urban Outfitters from $28.00 to $26.00 in a report on Wednesday, November 27th. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $28.56.
Shares of URBN stock opened at $26.46 on Friday. The company has a market capitalization of $2.59 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 1.20 and a beta of 0.74. The firm has a fifty day simple moving average of $26.96 and a 200-day simple moving average of $25.61. The company has a current ratio of 1.57, a quick ratio of 0.82 and a debt-to-equity ratio of 0.78. Urban Outfitters has a twelve month low of $19.63 and a twelve month high of $34.24.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, November 19th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.01). The company had revenue of $987.47 million during the quarter, compared to analyst estimates of $1 billion. Urban Outfitters had a net margin of 5.96% and a return on equity of 16.67%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 earnings per share. Equities research analysts predict that Urban Outfitters will post 2.14 EPS for the current year.
Large investors have recently modified their holdings of the business. Kistler Tiffany Companies LLC acquired a new stake in shares of Urban Outfitters during the third quarter worth $33,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Urban Outfitters during the second quarter worth $46,000. Signaturefd LLC raised its holdings in shares of Urban Outfitters by 27.2% during the third quarter. Signaturefd LLC now owns 2,687 shares of the apparel retailer’s stock worth $75,000 after purchasing an additional 575 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Urban Outfitters by 37.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,480 shares of the apparel retailer’s stock worth $80,000 after purchasing an additional 941 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Urban Outfitters by 228.2% during the third quarter. Parallel Advisors LLC now owns 3,321 shares of the apparel retailer’s stock worth $93,000 after purchasing an additional 2,309 shares during the period. 81.54% of the stock is currently owned by 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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