Urban Outfitters’ (NASDAQ:URBN) “Neutral” Rating Reaffirmed at Barclays

Barclays restated their neutral rating on shares of Urban Outfitters (NASDAQ:URBN) in a report published on Thursday, November 21st, AnalystRatings.com reports.

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Other equities analysts have also issued reports about the stock. Loop Capital decreased their price objective on shares of Urban Outfitters to $28.00 in a report on Wednesday, November 20th. MKM Partners lowered their target price on shares of Urban Outfitters to $25.00 and set a neutral rating on the stock in a research note on Wednesday, August 21st. Bank of America restated a buy rating and issued a $28.00 target price (down previously from $33.00) on shares of Urban Outfitters in a report on Wednesday, August 21st. Robert W. Baird cut their price objective on Urban Outfitters from $26.00 to $25.00 and set a neutral rating for the company in a report on Wednesday, August 21st. Finally, Royal Bank of Canada cut their target price on shares of Urban Outfitters from $28.00 to $25.00 and set a market perform rating for the company in a research report on Wednesday, November 20th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $29.50.

Shares of NASDAQ URBN traded up $0.75 during midday trading on Thursday, hitting $26.12. 2,534,106 shares of the company traded hands, compared to its average volume of 2,892,608. Urban Outfitters has a 12-month low of $19.63 and a 12-month high of $38.59. The firm has a market cap of $2.56 billion, a P/E ratio of 9.50, a P/E/G ratio of 1.15 and a beta of 0.71. The stock has a 50-day moving average price of $28.14 and a 200 day moving average price of $24.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.82 and a current ratio of 1.57.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 19th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.01). Urban Outfitters had a net margin of 5.96% and a return on equity of 16.67%. The business had revenue of $987.47 million for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business posted $0.70 earnings per share. Urban Outfitters’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities analysts expect that Urban Outfitters will post 2.19 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of URBN. Massachusetts Financial Services Co. MA boosted its stake in shares of Urban Outfitters by 73.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,670,448 shares of the apparel retailer’s stock valued at $75,013,000 after purchasing an additional 1,127,172 shares during the period. Investment Counselors of Maryland LLC purchased a new position in shares of Urban Outfitters during the second quarter worth approximately $20,258,000. Victory Capital Management Inc. bought a new stake in shares of Urban Outfitters during the second quarter valued at approximately $16,450,000. Point72 Asset Management L.P. boosted its holdings in shares of Urban Outfitters by 1,517.1% in the third quarter. Point72 Asset Management L.P. now owns 557,760 shares of the apparel retailer’s stock valued at $15,667,000 after purchasing an additional 523,269 shares during the period. Finally, Morgan Stanley increased its holdings in Urban Outfitters by 121.7% during the 2nd quarter. Morgan Stanley now owns 921,845 shares of the apparel retailer’s stock worth $20,971,000 after purchasing an additional 505,998 shares during the period. Institutional investors own 81.54% of the company’s stock.

About Urban Outfitters

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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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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