Jefferies Financial Group set a $35.00 target price on Urban Outfitters (NASDAQ:URBN) in a report issued on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the apparel retailer’s stock. Jefferies Financial Group also issued estimates for Urban Outfitters’ Q3 2020 earnings at $0.56 EPS, Q4 2020 earnings at $0.89 EPS, FY2020 earnings at $2.34 EPS and FY2021 earnings at $2.65 EPS.
A number of other equities research analysts also recently commented on the company. TheStreet downgraded Urban Outfitters from a b- rating to a c+ rating in a research report on Thursday, May 30th. Deutsche Bank cut their price objective on Urban Outfitters from $29.00 to $28.00 and set a hold rating for the company in a research report on Friday, August 16th. Bank of America reiterated a buy rating and set a $28.00 price objective (down previously from $33.00) on shares of Urban Outfitters in a research report on Wednesday. Loop Capital cut their price objective on Urban Outfitters to $25.00 and set a buy rating for the company in a research report on Wednesday. Finally, ValuEngine downgraded Urban Outfitters from a sell rating to a strong sell rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $28.82.
Shares of NASDAQ:URBN opened at $22.68 on Wednesday. Urban Outfitters has a one year low of $19.63 and a one year high of $48.74. The stock has a fifty day moving average of $22.46 and a 200-day moving average of $26.62. The company has a market capitalization of $2.05 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.79 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.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in shares of Urban Outfitters by 136.4% in the second quarter. Huntington National Bank now owns 1,300 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 750 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Urban Outfitters by 114.9% in the first quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 631 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Urban Outfitters by 178.1% in the first quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock valued at $37,000 after purchasing an additional 789 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Urban Outfitters in the second quarter valued at $46,000. Finally, Royce & Associates LP purchased a new stake in shares of Urban Outfitters in the first quarter valued at $50,000. Institutional investors own 74.10% of the company’s stock.
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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