Urban Outfitters (URBN) PT Set at $39.00 by Robert W. Baird

Urban Outfitters (NASDAQ:URBN) has been given a $39.00 target price by equities researchers at Robert W. Baird in a research report issued on Wednesday. The firm currently has a “buy” rating on the apparel retailer’s stock. Robert W. Baird’s target price indicates a potential upside of 13.90% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. BidaskClub lowered shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Zacks Investment Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 6th. Telsey Advisory Group lifted their target price on shares of Urban Outfitters from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday, January 2nd. Jefferies Group reiterated a “buy” rating and set a $40.00 target price on shares of Urban Outfitters in a research report on Monday, December 18th. Finally, KeyCorp reiterated a “buy” rating on shares of Urban Outfitters in a research report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $26.03.

Shares of Urban Outfitters (URBN) opened at $34.24 on Wednesday. Urban Outfitters has a 1 year low of $16.19 and a 1 year high of $36.10. The stock has a market cap of $3,710.00, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.83 and a beta of 0.73.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.08. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The business had revenue of $892.77 million during the quarter, compared to analyst estimates of $860.64 million. During the same period in the previous year, the business posted $0.40 earnings per share. Urban Outfitters’s revenue for the quarter was up 3.5% on a year-over-year basis. equities analysts expect that Urban Outfitters will post 1.56 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of 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. Advisor Group Inc. raised its holdings in Urban Outfitters by 1.1% during the 2nd quarter. Advisor Group Inc. now owns 32,251 shares of the apparel retailer’s stock valued at $595,000 after buying an additional 338 shares during the last quarter. Comerica Bank raised its holdings in Urban Outfitters by 0.9% during the 2nd quarter. Comerica Bank now owns 70,163 shares of the apparel retailer’s stock valued at $1,226,000 after buying an additional 642 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Urban Outfitters by 6.4% during the 2nd quarter. Pacer Advisors Inc. now owns 13,090 shares of the apparel retailer’s stock valued at $243,000 after buying an additional 789 shares during the last quarter. Finally, Broadview Advisors LLC raised its holdings in Urban Outfitters by 0.7% during the 2nd quarter. Broadview Advisors LLC now owns 151,898 shares of the apparel retailer’s stock valued at $2,816,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 86.24% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://stocknewstimes.com/2018/01/12/urban-outfitters-urbn-pt-set-at-39-00-by-robert-w-baird.html.

About Urban Outfitters

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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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.

Latest News

Leave a Reply