Urban Outfitters (NASDAQ:URBN) Price Target Cut to $28.00

Urban Outfitters (NASDAQ:URBN) had its price objective reduced by research analysts at Deutsche Bank from $29.00 to $28.00 in a report issued on Friday, BenzingaRatingsTable reports. The firm currently has a “hold” rating on the apparel retailer’s stock. Deutsche Bank’s target price would suggest a potential upside of 25.22% from the stock’s current price.

A number of other brokerages have also commented on URBN. Nomura cut their target price on Urban Outfitters from $32.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. TheStreet lowered Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. MKM Partners cut their target price on Urban Outfitters to $28.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Robert W. Baird cut their target price on Urban Outfitters from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Wednesday, May 22nd. Finally, Bank of America set a $33.00 target price on Urban Outfitters and gave the company a “buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $31.78.

Shares of URBN stock opened at $22.36 on Friday. Urban Outfitters has a 12 month low of $19.63 and a 12 month high of $52.50. The firm has a market cap of $2.04 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 0.78 and a beta of 0.76. The stock has a 50 day moving average of $22.45 and a 200-day moving average of $26.70. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 0.75.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $962.30 million during the quarter, compared to analyst estimates of $981.40 million. Urban Outfitters had a return on equity of 20.07% and a net margin of 7.31%. Urban Outfitters’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. As a group, equities analysts predict that Urban Outfitters will post 2.38 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in URBN. Investment Counselors of Maryland LLC acquired a new position in Urban Outfitters during the second quarter worth $20,258,000. Victory Capital Management Inc. acquired a new position in Urban Outfitters during the second quarter worth $16,450,000. Parametric Portfolio Associates LLC raised its stake in Urban Outfitters by 182.8% during the first quarter. Parametric Portfolio Associates LLC now owns 811,393 shares of the apparel retailer’s stock worth $24,050,000 after acquiring an additional 524,469 shares in the last quarter. Morgan Stanley grew its holdings in shares of Urban Outfitters by 121.7% during the second 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 last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Urban Outfitters during the second quarter worth $10,986,000. Hedge funds and other institutional investors own 74.10% 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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