Urban Outfitters, Inc. (NASDAQ:URBN) gapped up before the market opened on Monday . The stock had previously closed at $25.22, but opened at $26.20. Urban Outfitters shares last traded at $28.09, with a volume of 4,896,300 shares.
URBN has been the topic of a number of research reports. Robert W. Baird lowered their price target on Urban Outfitters from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. ValuEngine raised Urban Outfitters from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th. Bank of America reissued a “buy” rating and set a $28.00 price target (down previously from $33.00) on shares of Urban Outfitters in a report on Wednesday, August 21st. Loop Capital set a $35.00 price target on Urban Outfitters and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Wells Fargo & Co raised Urban Outfitters from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $25.00 to $30.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $29.71.
The stock has a fifty day simple moving average of $23.28 and a two-hundred day simple moving average of $25.55. The company has a market cap of $2.44 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 1.06 and a beta of 0.72. The company has a current ratio of 1.60, a quick ratio of 0.89 and a debt-to-equity ratio of 0.80.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 return on equity of 18.10% and a net margin of 6.54%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 EPS. As a group, equities research analysts anticipate that Urban Outfitters, Inc. will post 2.3 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in shares of Urban Outfitters by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 30,647 shares of the apparel retailer’s stock valued at $697,000 after acquiring an additional 431 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Urban Outfitters by 13.4% in the second quarter. Advisor Group Inc. now owns 4,018 shares of the apparel retailer’s stock valued at $91,000 after acquiring an additional 476 shares in the last quarter. Huntington National Bank grew its stake 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 acquiring an additional 750 shares in the last quarter. Signaturefd LLC grew its stake 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 acquiring an additional 789 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Urban Outfitters by 37.1% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,480 shares of the apparel retailer’s stock valued at $80,000 after acquiring an additional 941 shares in the last quarter. 74.27% of the stock is currently owned by institutional investors and hedge funds.
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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