Urban Outfitters (URBN) PT Set at $35.00 by Deutsche Bank

Deutsche Bank set a $35.00 price objective on Urban Outfitters (NASDAQ:URBN) in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage currently has a sell rating on the apparel retailer’s stock.

Several other research analysts have also weighed in on URBN. BidaskClub raised Urban Outfitters from a hold rating to a buy rating in a research report on Saturday, August 11th. Loop Capital set a $55.00 target price on Urban Outfitters and gave the stock a buy rating in a research report on Monday, August 13th. Robert W. Baird lowered Urban Outfitters from an outperform rating to a neutral rating and set a $38.00 target price on the stock. in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Wells Fargo & Co increased their target price on Urban Outfitters from $45.00 to $50.00 and gave the stock a market perform rating in a research report on Wednesday, August 22nd. Finally, SunTrust Banks increased their target price on Urban Outfitters to $55.00 and gave the stock a positive rating in a research report on Wednesday, August 22nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $45.41.

Shares of URBN opened at $36.16 on Tuesday. The firm has a market capitalization of $4.08 billion, a P/E ratio of 14.33, a PEG ratio of 1.08 and a beta of 0.54. Urban Outfitters has a twelve month low of $29.82 and a twelve month high of $52.50.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 19th. The apparel retailer reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. The business had revenue of $973.50 million for the quarter, compared to analyst estimates of $967.82 million. Urban Outfitters had a return on equity of 20.65% and a net margin of 5.44%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. As a group, analysts predict that Urban Outfitters will post 2.71 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in URBN. AQR Capital Management LLC increased its holdings in Urban Outfitters by 547.6% in the 3rd quarter. AQR Capital Management LLC now owns 4,487,410 shares of the apparel retailer’s stock valued at $183,535,000 after purchasing an additional 3,794,451 shares in the last quarter. FMR LLC increased its holdings in Urban Outfitters by 79.7% in the 2nd quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock valued at $350,737,000 after purchasing an additional 3,492,613 shares in the last quarter. Waddell & Reed Financial Inc. acquired a new stake in Urban Outfitters in the 2nd quarter valued at $50,202,000. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in Urban Outfitters by 59.0% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,718,187 shares of the apparel retailer’s stock valued at $111,173,000 after purchasing an additional 1,008,156 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in Urban Outfitters by 5,317.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 1,000,470 shares of the apparel retailer’s stock valued at $44,571,000 after purchasing an additional 982,003 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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