Urban Outfitters (NASDAQ:URBN) has been given a $27.00 price target by Robert W. Baird in a report released on Saturday, November 18th. The brokerage presently has a “buy” rating on the apparel retailer’s stock. Robert W. Baird’s price objective suggests a potential downside of 17.28% from the company’s previous close.
A number of other analysts have also recently commented on the company. Bank of America set a $24.00 price objective on Urban Outfitters and gave the company a “buy” rating in a research report on Wednesday, August 16th. KeyCorp set a $26.00 price objective on Urban Outfitters and gave the company a “buy” rating in a research report on Wednesday, August 16th. Jefferies Group set a $25.00 price objective on Urban Outfitters and gave the company a “buy” rating in a research report on Wednesday, August 16th. SunTrust Banks reissued a “buy” rating on shares of Urban Outfitters in a report on Wednesday, August 16th. Finally, Zacks Investment Research raised Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Urban Outfitters presently has an average rating of “Hold” and an average target price of $24.20.
Urban Outfitters (NASDAQ:URBN) traded up $0.33 during trading on Friday, reaching $32.64. The company’s stock had a trading volume of 3,428,619 shares, compared to its average volume of 3,449,151. Urban Outfitters has a twelve month low of $16.19 and a twelve month high of $35.55. The company has a market capitalization of $3,570.00, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 1.80 and a beta of 0.73.
Urban Outfitters declared that its board has approved a stock repurchase program on Thursday, August 24th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the apparel retailer to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Sun Life Financial INC purchased a new position in Urban Outfitters in the 2nd quarter worth $151,000. LS Investment Advisors LLC raised its stake in Urban Outfitters by 12.5% in the 2nd quarter. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer’s stock worth $176,000 after acquiring an additional 1,052 shares during the last quarter. Pacad Investment Ltd. purchased a new position in Urban Outfitters in the 2nd quarter worth $191,000. BT Investment Management Ltd purchased a new position in Urban Outfitters in the 2nd quarter worth $196,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Urban Outfitters by 0.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.
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Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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