2 days Ago By ABMN Staff
Urban Outfitters ( NASDAQ:URBN – Free Report ) had its price objective lifted by Citigroup from $39.00 to $42.00 in a research report report published on Wednesday morning, Benzinga reports.
Citigroup currently has a neutral rating on the apparel retailer’s stock. URBN has been the subject of several other reports. BMO Capital Markets reduced their price objective on Urban Outfitters from $42.
00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, August 22nd. Bank of America cut their price target on Urban Outfitters from $52.
00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Jefferies Financial Group lowered their price objective on shares of Urban Outfitters from $35.
00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. Morgan Stanley cut their price objective on shares of Urban Outfitters from $40.
00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Urban Outfitters from $48.
00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock.
According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.27. Get Our Latest Stock Analysis on Urban Outfitters Urban Outfitters Price Performance Urban Outfitters ( NASDAQ:URBN – Get Free Report ) last announced its earnings results on Wednesday, August 21st.
The apparel retailer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.
24. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.
49%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.
34 billion. During the same period in the prior year, the company earned $1.10 earnings per share.
The business’s revenue was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that Urban Outfitters will post 3.
66 earnings per share for the current year. Insider Activity In other news, CEO Tricia D. Smith sold 11,730 shares of the firm’s stock in a transaction on Friday, September 6th.
The stock was sold at an average price of $35.29, for a total value of $413,951.70.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link . Insiders own 31.80% of the company’s stock.
Institutional Investors Weigh In On Urban Outfitters A number of large investors have recently added to or reduced their stakes in URBN. Blue Trust Inc. raised its position in Urban Outfitters by 138.
8% during the third quarter. Blue Trust Inc. now owns 609 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 354 shares during the last quarter.
Quarry LP raised its position in shares of Urban Outfitters by 1,825.0% during the 2nd quarter. Quarry LP now owns 924 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 876 shares during the last quarter.
Northwestern Mutual Wealth Management Co. purchased a new stake in Urban Outfitters in the 2nd quarter valued at approximately $42,000. Asset Management One Co.
Ltd. purchased a new stake in Urban Outfitters in the 3rd quarter valued at approximately $47,000. Finally, Meeder Asset Management Inc.
acquired a new stake in Urban Outfitters during the 2nd quarter valued at $48,000. 77.61% of the stock is owned by institutional investors and hedge funds.
Urban Outfitters Company Profile ( Get Free Report ) Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.
See Also Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter ..
