Mizuho set a $32.00 target price on Urban Outfitters Inc. (NASDAQ:URBN) in a research report released on Thursday. The firm currently has a hold rating on the apparel retailer’s stock.

Several other equities research analysts also recently issued reports on URBN. Stifel Nicolaus raised their target price on shares of Urban Outfitters from $35.00 to $40.00 and gave the company a buy rating in a research note on Wednesday, August 17th. Nomura raised their target price on shares of Urban Outfitters from $30.00 to $33.00 and gave the company a neutral rating in a research note on Wednesday, August 17th. Jefferies Group reiterated a buy rating and issued a $45.00 target price (up from $40.00) on shares of Urban Outfitters in a research note 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 note on Thursday, November 24th. Finally, Robert W. Baird raised their target price on shares of Urban Outfitters from $33.00 to $38.00 and gave the company an outperform rating in a research note on Wednesday, August 17th. Twenty-two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $35.79.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm earned $862.50 million during the quarter. During the same period in the prior year, the business earned $0.42 EPS. The business’s revenue was up 4.5% compared to the same quarter last year.

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In other news, General Counsel Azeez Hayne sold 6,260 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $39.95, for a total transaction of $250,087.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 24.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its position in shares of Urban Outfitters by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,065,645 shares of the apparel retailer’s stock valued at $441,804,000 after buying an additional 1,388,672 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Urban Outfitters by 5.4% in the second quarter. Vanguard Group Inc. now owns 8,084,293 shares of the apparel retailer’s stock valued at $222,318,000 after buying an additional 412,250 shares in the last quarter. FMR LLC raised its position in shares of Urban Outfitters by 12.6% in the second quarter. FMR LLC now owns 5,023,957 shares of the apparel retailer’s stock valued at $138,159,000 after buying an additional 563,409 shares in the last quarter. State Street Corp raised its position in shares of Urban Outfitters by 0.7% in the second quarter. State Street Corp now owns 3,682,523 shares of the apparel retailer’s stock valued at $101,278,000 after buying an additional 25,135 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Urban Outfitters by 78.5% in the second quarter. AQR Capital Management LLC now owns 2,924,749 shares of the apparel retailer’s stock valued at $80,430,000 after buying an additional 1,286,540 shares in the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.

About Urban Outfitters

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.

5 Day Chart for NASDAQ:URBN

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