Credit Suisse Group AG Reiterates “$34.00” Price Target for Urban Outfitters Inc. (URBN)
Credit Suisse Group AG set a $34.00 target price on Urban Outfitters Inc. (NASDAQ:URBN) in a research note issued to investors on Thursday morning. The brokerage currently has a hold rating on the apparel retailer’s stock.
Several other brokerages have also issued reports on URBN. Stifel Nicolaus boosted their target price on shares of Urban Outfitters from $35.00 to $40.00 and gave the company a buy rating in a research report on Wednesday, August 17th. Nomura boosted their target price on shares of Urban Outfitters from $30.00 to $33.00 and gave the company a neutral rating in a research report on Wednesday, August 17th. Jefferies Group restated a buy rating and set a $45.00 target price (up from $40.00) on shares of Urban Outfitters in a research report on Friday, September 2nd. Cowen and Company set a $37.00 target price on shares of Urban Outfitters and gave the company a hold rating in a research report on Thursday, November 24th. Finally, Robert W. Baird boosted their target price on shares of Urban Outfitters from $33.00 to $38.00 and gave the company an outperform rating in a research report on Wednesday, August 17th. Twenty-two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $35.79.
Urban Outfitters (NASDAQ:URBN) opened at 32.42 on Thursday. The company has a market capitalization of $3.77 billion, a P/E ratio of 16.85 and a beta of 0.69. The stock’s 50 day moving average is $35.03 and its 200-day moving average is $32.08. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.04. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The company had revenue of $862.50 million for the quarter. During the same period last year, the firm earned $0.42 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. Analysts predict that Urban Outfitters will post $2.05 EPS for the current fiscal year.
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In other news, General Counsel Azeez Hayne sold 6,260 shares of Urban Outfitters stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $39.95, for a total transaction of $250,087.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 24.30% of the company’s stock.
Several institutional investors have recently bought and sold shares of URBN. Palo Capital Inc. purchased a new position in Urban Outfitters during the second quarter valued at $408,000. First Quadrant L P CA raised its position in Urban Outfitters by 253.7% in the second quarter. First Quadrant L P CA now owns 473,601 shares of the apparel retailer’s stock valued at $13,024,000 after buying an additional 339,701 shares during the period. Acadian Asset Management LLC raised its position in Urban Outfitters by 304.6% in the second quarter. Acadian Asset Management LLC now owns 19,365 shares of the apparel retailer’s stock valued at $532,000 after buying an additional 14,579 shares during the period. Americafirst Capital Management LLC purchased a new position in Urban Outfitters during the second quarter valued at $572,000. Finally, GW&K Investment Management LLC raised its position in Urban Outfitters by 18.1% in the second quarter. GW&K Investment Management LLC now owns 404,123 shares of the apparel retailer’s stock valued at $11,113,000 after buying an additional 62,027 shares during the period. 76.21% of the stock is owned by hedge funds and other institutional investors.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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