Several other brokerages have also commented on URBN. Jefferies Financial Group set a $58.00 price objective on Urban Outfitters and gave the company a buy rating in a report on Friday. Telsey Advisory Group restated a market perform rating and issued a $37.00 target price (down previously from $42.00) on shares of Urban Outfitters in a research note on Friday. Wolfe Research reiterated an outperform rating and set a $42.00 price objective (down previously from $49.00) on shares of Urban Outfitters in a research note on Friday. Zacks Investment Research cut Urban Outfitters from a buy rating to a hold rating in a research report on Wednesday, October 24th. Finally, ValuEngine cut Urban Outfitters from a buy rating to a hold rating in a research report on Friday, September 14th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $43.99.
Shares of NASDAQ:URBN traded up $0.06 during mid-day trading on Thursday, reaching $32.62. The stock had a trading volume of 4,437,578 shares, compared to its average volume of 3,303,296. Urban Outfitters has a 1 year low of $31.20 and a 1 year high of $52.50. The company has a market capitalization of $3.63 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.10 and a beta of 0.68.
Several hedge funds and other institutional investors have recently bought and sold shares of URBN. Cerebellum GP LLC lifted its position in Urban Outfitters by 69.4% in the 4th quarter. Cerebellum GP LLC now owns 7,814 shares of the apparel retailer’s stock valued at $259,000 after purchasing an additional 3,202 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Urban Outfitters by 5.0% in the 3rd quarter. Vanguard Group Inc now owns 8,466,147 shares of the apparel retailer’s stock worth $346,266,000 after purchasing an additional 406,691 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Urban Outfitters in the third quarter worth approximately $1,913,000. Vanguard Group Inc. increased its position in shares of Urban Outfitters by 5.0% in the third quarter. Vanguard Group Inc. now owns 8,466,147 shares of the apparel retailer’s stock worth $346,266,000 after acquiring an additional 406,691 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Urban Outfitters by 36.3% in the third quarter. Morgan Stanley now owns 439,308 shares of the apparel retailer’s stock worth $17,967,000 after acquiring an additional 117,075 shares in the last quarter. 81.53% of the stock is owned by institutional investors and hedge funds.
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.
See Also: Net Income
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