Urban Outfitters, Inc. (NASDAQ:URBN) Given Average Recommendation of “Hold” by Analysts

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) have been given a consensus recommendation of “Hold” by the eleven research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $46.27.

A number of brokerages have recently issued reports on URBN. Barclays lifted their target price on Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com lowered Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America raised their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Robert W. Baird upped their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley raised their price objective on shares of Urban Outfitters from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th.

Institutional Investors Weigh In On Urban Outfitters

A number of institutional investors have recently modified their holdings of URBN. Marshall Wace LLP lifted its holdings in Urban Outfitters by 116.3% in the second quarter. Marshall Wace LLP now owns 2,288,817 shares of the apparel retailer’s stock worth $93,956,000 after acquiring an additional 1,230,771 shares during the last quarter. American Century Companies Inc. grew its position in Urban Outfitters by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 1,555,067 shares of the apparel retailer’s stock worth $63,836,000 after purchasing an additional 264,708 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Urban Outfitters in the third quarter valued at approximately $8,340,000. Empowered Funds LLC acquired a new stake in shares of Urban Outfitters in the third quarter valued at approximately $7,789,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Urban Outfitters in the 2nd quarter worth approximately $7,238,000. Institutional investors own 77.61% of the company’s stock.

Urban Outfitters Stock Performance

Urban Outfitters stock opened at $55.71 on Friday. Urban Outfitters has a one year low of $33.86 and a one year high of $56.06. The stock’s 50 day moving average price is $43.80 and its 200 day moving average price is $41.70. The firm has a market capitalization of $5.14 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts forecast that Urban Outfitters will post 3.88 earnings per share for the current fiscal year.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.