Urban Outfitters (URBN) Receives “Outperform” Rating from Wolfe Research

Urban Outfitters (NASDAQ:URBN)‘s stock had its “outperform” rating reissued by Wolfe Research in a research report issued on Friday. They currently have a $42.00 price target on the apparel retailer’s stock, down from their previous price target of $49.00. Wolfe Research’s target price would indicate a potential upside of 28.99% from the company’s previous close.

URBN has been the topic of a number of other research reports. BidaskClub cut shares of Urban Outfitters from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Saturday, November 17th. DA Davidson began coverage on Urban Outfitters in a research note on Tuesday, September 25th. They set a “neutral” rating and a $40.00 price objective for the company. Telsey Advisory Group dropped their price target on Urban Outfitters from $44.00 to $42.00 and set a “market perform” rating for the company in a research note on Tuesday, November 20th. Finally, B. Riley upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $43.99.

URBN opened at $32.56 on Friday. The stock has a market cap of $3.63 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.10 and a beta of 0.68. Urban Outfitters has a fifty-two week low of $31.20 and a fifty-two week high of $52.50.



Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Monday, November 19th. The apparel retailer reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The company had revenue of $973.50 million during the quarter, compared to analyst estimates of $967.82 million. Urban Outfitters had a net margin of 5.44% and a return on equity of 20.65%. Urban Outfitters’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. On average, equities analysts forecast that Urban Outfitters will post 2.73 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $259,000. Schwab Charles Investment Management Inc. boosted its position in shares of Urban Outfitters by 2.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 391,571 shares of the apparel retailer’s stock valued at $17,445,000 after purchasing an additional 7,647 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Urban Outfitters in the 2nd quarter valued at about $5,466,000. PNC Financial Services Group Inc. boosted its position in shares of Urban Outfitters by 5.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,764 shares of the apparel retailer’s stock valued at $881,000 after purchasing an additional 1,107 shares during the period. Finally, FMR LLC boosted its position in shares of Urban Outfitters by 79.7% in the 2nd quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock valued at $350,737,000 after purchasing an additional 3,492,613 shares during the period. 81.53% of the stock is owned by institutional investors and hedge funds.

About Urban Outfitters

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.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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