Urban Outfitters, Inc. (NASDAQ:URBN)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $19.64 and last traded at $20.24, with a volume of 96589 shares traded. The stock had previously closed at $20.25.
A number of equities analysts have issued reports on URBN shares. Deutsche Bank set a $33.00 price target on Urban Outfitters and gave the stock a “hold” rating in a report on Monday, June 10th. BidaskClub upgraded Urban Outfitters from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 31st. MKM Partners lowered their target price on Urban Outfitters to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. TheStreet lowered Urban Outfitters from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. Finally, B. Riley lowered Urban Outfitters from a “buy” rating to a “neutral” rating and lowered their price target for the company from $38.00 to $23.00 in a research report on Thursday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.71.
The firm’s fifty day moving average price is $22.74. The firm has a market capitalization of $2.05 billion, a PE ratio of 7.39, a PEG ratio of 0.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.76.
Several hedge funds and other institutional investors have recently made changes to their positions in URBN. Investment Counselors of Maryland LLC purchased a new position in shares of Urban Outfitters during the 2nd quarter valued at about $20,258,000. Victory Capital Management Inc. purchased a new position in shares of Urban Outfitters during the 2nd quarter valued at about $16,450,000. Parametric Portfolio Associates LLC raised its holdings in shares of Urban Outfitters by 182.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 811,393 shares of the apparel retailer’s stock valued at $24,050,000 after buying an additional 524,469 shares in the last quarter. Morgan Stanley raised its holdings in shares of Urban Outfitters by 121.7% during the 2nd quarter. Morgan Stanley now owns 921,845 shares of the apparel retailer’s stock valued at $20,971,000 after buying an additional 505,998 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Urban Outfitters during the 2nd quarter valued at about $10,986,000. 78.19% of the stock is currently owned by institutional investors.
About Urban Outfitters (NASDAQ:URBN)
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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