Urban Outfitters, Inc. (NASDAQ:URBN) had its price objective boosted by investment analysts at Royal Bank Of Canada from $21.00 to $30.00 in a report issued on Tuesday. The firm currently has a “sector perform” rating on the apparel retailer’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 6.12% from the company’s current price.
A number of other research analysts also recently weighed in on the company. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 price target on shares of Urban Outfitters in a research note on Wednesday, November 1st. BMO Capital Markets set a $20.00 price target on Urban Outfitters and gave the stock a “hold” rating in a research note on Monday, September 11th. BidaskClub raised Urban Outfitters from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, Deutsche Bank AG downgraded Urban Outfitters from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $23.00 to $19.00 in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and ten have issued a buy rating to the stock. Urban Outfitters has an average rating of “Hold” and an average target price of $22.96.
Urban Outfitters (URBN) opened at $28.27 on Tuesday. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $39.29. The firm has a market capitalization of $3,100.00, a P/E ratio of 18.35, a P/E/G ratio of 1.69 and a beta of 0.62.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.61% and a net margin of 4.92%. The business had revenue of $892.77 million for the quarter, compared to the consensus estimate of $860.64 million. During the same period in the prior year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. equities research analysts predict that Urban Outfitters will post 1.43 EPS for the current year.
Urban Outfitters announced that its Board of Directors has initiated a share buyback program on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.
Several hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System raised its position in shares of Urban Outfitters by 6.5% in the third quarter. California Public Employees Retirement System now owns 372,301 shares of the apparel retailer’s stock worth $8,898,000 after buying an additional 22,601 shares in the last quarter. Vident Investment Advisory LLC raised its position in shares of Urban Outfitters by 78.5% in the third quarter. Vident Investment Advisory LLC now owns 137,358 shares of the apparel retailer’s stock worth $3,283,000 after buying an additional 60,392 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Urban Outfitters in the third quarter worth $373,000. Royce & Associates LP raised its position in shares of Urban Outfitters by 11.8% in the third quarter. Royce & Associates LP now owns 95,000 shares of the apparel retailer’s stock worth $2,271,000 after buying an additional 10,000 shares in the last quarter. Finally, Senvest Management LLC purchased a new stake in shares of Urban Outfitters in the third quarter worth $36,629,000. Institutional investors own 87.35% of the company’s stock.
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.