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

Urban Outfitters (NASDAQ:URBN) had its price objective reduced by MKM Partners to $28.00 in a research report report published on Thursday, The Fly reports. MKM Partners currently has a neutral rating on the apparel retailer’s stock.

A number of other research analysts have also recently commented on URBN. Telsey Advisory Group restated a market perform rating and set a $29.00 price target (down previously from $33.00) on shares of Urban Outfitters in a research note on Wednesday, May 22nd. Robert W. Baird cut their price target on shares of Urban Outfitters from $33.00 to $32.00 and set a neutral rating for the company in a research note on Wednesday, May 22nd. Zacks Investment Research cut shares of Urban Outfitters from a hold rating to a sell rating in a research note on Tuesday, February 26th. BidaskClub upgraded shares of Urban Outfitters from a sell rating to a hold rating in a research note on Wednesday, April 10th. Finally, B. Riley cut their price target on shares of Urban Outfitters from $40.00 to $38.00 and set a buy rating for the company in a research note on Wednesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $38.04.

Shares of URBN opened at $24.43 on Thursday. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 0.93 and a beta of 0.53. Urban Outfitters has a 12 month low of $23.65 and a 12 month high of $52.50.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $864.41 million during the quarter, compared to analysts’ expectations of $857.31 million. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.02%. During the same quarter last year, the company earned $0.38 earnings per share. On average, equities analysts expect that Urban Outfitters will post 2.59 EPS for the current year.

In other news, Director Joel S. Lawson III sold 10,000 shares of Urban Outfitters stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $29.31, for a total value of $293,100.00. Following the completion of the transaction, the director now owns 17,000 shares in the company, valued at $498,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Trish Donnelly sold 9,144 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $34.00, for a total transaction of $310,896.00. Following the completion of the sale, the chief executive officer now directly owns 10,295 shares of the company’s stock, valued at approximately $350,030. The disclosure for this sale can be found here. Insiders sold 104,200 shares of company stock valued at $3,237,851 in the last quarter. 24.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. increased its holdings in shares of Urban Outfitters by 31.3% in the fourth quarter. Macquarie Group Ltd. now owns 67,129 shares of the apparel retailer’s stock valued at $2,229,000 after purchasing an additional 16,000 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Urban Outfitters by 73.1% in the fourth quarter. Stifel Financial Corp now owns 36,306 shares of the apparel retailer’s stock valued at $1,206,000 after purchasing an additional 15,327 shares in the last quarter. Comerica Bank increased its holdings in shares of Urban Outfitters by 1.3% in the fourth quarter. Comerica Bank now owns 49,939 shares of the apparel retailer’s stock valued at $1,600,000 after purchasing an additional 653 shares in the last quarter. Morgan Stanley increased its holdings in shares of Urban Outfitters by 36.3% in the third quarter. Morgan Stanley now owns 439,308 shares of the apparel retailer’s stock valued at $17,967,000 after purchasing an additional 117,075 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Urban Outfitters by 252.5% in the fourth quarter. Bank of Montreal Can now owns 105,273 shares of the apparel retailer’s stock valued at $3,495,000 after purchasing an additional 75,409 shares in the last quarter. 71.91% of the stock is owned by institutional investors and hedge funds.

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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