Nomura Trims Urban Outfitters (URBN) Target Price to $28.00

Urban Outfitters (NASDAQ:URBN) had its price objective reduced by Nomura from $32.00 to $28.00 in a report released on Wednesday, The Fly reports. The firm currently has a “neutral” rating on the apparel retailer’s stock. Nomura’s price objective indicates a potential upside of 3.70% from the stock’s current price.

Several other research analysts have also weighed in on the company. Telsey Advisory Group reduced their target price on Urban Outfitters from $33.00 to $29.00 and set a “market perform” rating on the stock in a report on Wednesday. Zacks Investment Research lowered Urban Outfitters from a “hold” rating to a “sell” rating in a report on Tuesday, February 26th. BidaskClub upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. ValuEngine lowered Urban Outfitters from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Finally, Wedbush set a $26.00 target price on Urban Outfitters and gave the stock a “hold” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Urban Outfitters has an average rating of “Hold” and a consensus price target of $39.74.

NASDAQ:URBN opened at $27.00 on Wednesday. Urban Outfitters has a 12-month low of $25.96 and a 12-month high of $52.50. The firm has a market capitalization of $2.77 billion, a PE ratio of 9.82, a P/E/G ratio of 0.93 and a beta of 0.53.



Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06. Urban Outfitters had a return on equity of 21.03% and a net margin of 7.54%. During the same period last year, the company posted $0.38 EPS. On average, research analysts anticipate that Urban Outfitters will post 2.59 earnings per share for the current fiscal year.

In other Urban Outfitters news, CEO Trish Donnelly sold 9,144 shares of Urban Outfitters stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $34.00, for a total value of $310,896.00. Following the sale, the chief executive officer now owns 10,295 shares of the company’s stock, valued at approximately $350,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Azeez Hayne sold 10,300 shares of Urban Outfitters stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $33.63, for a total value of $346,389.00. Following the completion of the sale, the general counsel now directly owns 12,523 shares in the company, valued at approximately $421,148.49. The disclosure for this sale can be found here. Insiders sold a total of 104,200 shares of company stock worth $3,237,851 in the last three months. Company insiders own 24.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC increased its position in Urban Outfitters by 47.5% during the first quarter. Cerebellum GP LLC now owns 11,523 shares of the apparel retailer’s stock worth $342,000 after buying an additional 3,709 shares during the last quarter. FMR LLC increased its position in Urban Outfitters by 6.4% during the first quarter. FMR LLC now owns 6,045,443 shares of the apparel retailer’s stock worth $179,186,000 after buying an additional 363,325 shares during the last quarter. Dana Investment Advisors Inc. increased its position in Urban Outfitters by 2.3% during the first quarter. Dana Investment Advisors Inc. now owns 63,299 shares of the apparel retailer’s stock worth $1,876,000 after buying an additional 1,452 shares during the last quarter. Hsbc Holdings PLC increased its position in Urban Outfitters by 23.2% during the first quarter. Hsbc Holdings PLC now owns 63,190 shares of the apparel retailer’s stock worth $1,873,000 after buying an additional 11,901 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its position in Urban Outfitters by 74,962.2% during the first quarter. Loomis Sayles & Co. L P now owns 381,316 shares of the apparel retailer’s stock worth $11,302,000 after buying an additional 380,808 shares during the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

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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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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