Urban Outfitters (NASDAQ:URBN) Raised to Hold at ValuEngine

ValuEngine upgraded shares of Urban Outfitters (NASDAQ:URBN) from a sell rating to a hold rating in a research note issued to investors on Monday morning, ValuEngine reports.

Several other equities research analysts have also weighed in on the stock. KeyCorp reiterated a hold rating on shares of Urban Outfitters in a research note on Wednesday, August 21st. Wells Fargo & Co upgraded shares of Urban Outfitters from a market perform rating to an outperform rating and increased their price objective for the stock from $25.00 to $30.00 in a research note on Monday. Morgan Stanley dropped their price objective on shares of Urban Outfitters from $42.00 to $34.00 and set an overweight rating on the stock in a research note on Monday, August 19th. Deutsche Bank dropped their price objective on shares of Urban Outfitters from $29.00 to $28.00 and set a hold rating on the stock in a research note on Friday, August 16th. Finally, Jefferies Financial Group set a $35.00 price objective on shares of Urban Outfitters and gave the stock a buy rating in a research note on Wednesday, August 21st. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $29.71.

Shares of Urban Outfitters stock opened at $28.22 on Monday. The firm has a market cap of $2.76 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.20 and a beta of 0.73. The firm’s 50-day simple moving average is $24.01 and its 200-day simple moving average is $25.49. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.89 and a current ratio of 1.60. Urban Outfitters has a 1 year low of $19.63 and a 1 year high of $41.77.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $962.30 million for the quarter, compared to analyst estimates of $981.40 million. Urban Outfitters had a net margin of 6.54% and a return on equity of 18.10%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS. On average, equities analysts predict that Urban Outfitters will post 2.3 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Investment Counselors of Maryland LLC bought a new position in shares of Urban Outfitters in the second quarter valued at approximately $20,258,000. Victory Capital Management Inc. bought a new position in shares of Urban Outfitters in the second quarter valued at approximately $16,450,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Urban Outfitters by 182.8% in the first quarter. Parametric Portfolio Associates LLC now owns 811,393 shares of the apparel retailer’s stock valued at $24,050,000 after acquiring an additional 524,469 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Urban Outfitters by 121.7% in the second quarter. Morgan Stanley now owns 921,845 shares of the apparel retailer’s stock valued at $20,971,000 after acquiring an additional 505,998 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Urban Outfitters in the second quarter valued at approximately $10,986,000. Hedge funds and other institutional investors own 74.27% of the company’s stock.

About Urban Outfitters

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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