Urban Outfitters (URBN) Given New $28.00 Price Target at Nomura

Urban Outfitters (NASDAQ:URBN) had its price target decreased by Nomura from $32.00 to $28.00 in a report released on Wednesday, The Fly reports. Nomura currently has a neutral rating on the apparel retailer’s stock.

A number of other brokerages have also recently weighed in on URBN. Wedbush raised their price objective on Urban Outfitters from $30.00 to $35.00 and gave the company a hold rating in a report on Friday, April 5th. BidaskClub raised Urban Outfitters from a sell rating to a hold rating in a report on Wednesday, April 10th. Zacks Investment Research raised Urban Outfitters from a sell rating to a hold rating in a report on Friday, April 12th. Telsey Advisory Group reissued a market perform rating and set a $35.00 price objective (down from $36.00) on shares of Urban Outfitters in a report on Friday, February 8th. Finally, ValuEngine cut Urban Outfitters from a hold rating to a sell rating in a report on Saturday, February 2nd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $38.79.

Shares of NASDAQ URBN opened at $24.34 on Wednesday. The stock has a market cap of $2.80 billion, a P/E ratio of 8.85, a PEG ratio of 0.93 and a beta of 0.53. Urban Outfitters has a 1-year low of $24.06 and a 1-year high of $52.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.05. The company had revenue of $864.41 million for the quarter, compared to analysts’ expectations of $857.31 million. Urban Outfitters had a return on equity of 20.02% and a net margin of 7.31%. During the same period last year, the firm posted $0.38 EPS. As a group, research analysts anticipate that Urban Outfitters will post 2.59 earnings per share for the current year.

In other news, CEO Trish Donnelly sold 9,144 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $34.00, for a total transaction of $310,896.00. Following the transaction, the chief executive officer now directly owns 10,295 shares of the company’s stock, valued at $350,030. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Calvin Hollinger sold 23,813 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $29.13, for a total value of $693,672.69. The disclosure for this sale can be found here. Insiders sold a total of 104,200 shares of company stock worth $3,237,851 over the last ninety days. Insiders own 24.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of URBN. Accident Compensation Corp bought a new stake in Urban Outfitters in the first quarter worth $1,307,000. Cerebellum GP LLC boosted its holdings in Urban Outfitters by 47.5% in the first quarter. Cerebellum GP LLC now owns 11,523 shares of the apparel retailer’s stock worth $342,000 after acquiring an additional 3,709 shares in the last quarter. FMR LLC boosted its holdings in Urban Outfitters by 6.4% in the first quarter. FMR LLC now owns 6,045,443 shares of the apparel retailer’s stock worth $179,186,000 after acquiring an additional 363,325 shares in the last quarter. Dana Investment Advisors Inc. boosted its holdings in Urban Outfitters by 2.3% in the first quarter. Dana Investment Advisors Inc. now owns 63,299 shares of the apparel retailer’s stock worth $1,876,000 after acquiring an additional 1,452 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Urban Outfitters by 23.2% in the first quarter. Hsbc Holdings PLC now owns 63,190 shares of the apparel retailer’s stock worth $1,873,000 after acquiring an additional 11,901 shares in the last quarter. 71.91% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

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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