Urban Outfitters (NASDAQ:URBN) Price Target Cut to $25.00

Urban Outfitters (NASDAQ:URBN) had its target price decreased by equities research analysts at Loop Capital to $25.00 in a report issued on Wednesday, The Fly reports. The firm currently has a “buy” rating on the apparel retailer’s stock. Loop Capital’s price objective would suggest a potential upside of 13.43% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Deutsche Bank set a $29.00 target price on Urban Outfitters and gave the stock a “hold” rating in a research note on Friday, August 16th. Wells Fargo & Co reduced their target price on Urban Outfitters from $30.00 to $28.00 and set a “market perform” rating for the company in a research note on Wednesday, May 22nd. MKM Partners reduced 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. TheStreet lowered Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. Finally, Morgan Stanley reduced their target price on Urban Outfitters from $42.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. Urban Outfitters presently has a consensus rating of “Hold” and a consensus target price of $32.83.

URBN stock traded up $1.13 during midday trading on Wednesday, reaching $22.04. The stock had a trading volume of 99,962 shares, compared to its average volume of 2,318,324. The stock has a market cap of $2.01 billion, a PE ratio of 8.03, a P/E/G ratio of 0.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.76. The firm has a fifty day simple moving average of $22.46 and a two-hundred day simple moving average of $26.75. Urban Outfitters has a 52-week low of $19.63 and a 52-week high of $52.50.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. The company 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%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. On average, sell-side analysts predict that Urban Outfitters will post 2.38 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Retirement Systems of Alabama raised its stake in shares of Urban Outfitters by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 98,085 shares of the apparel retailer’s stock valued at $2,907,000 after buying an additional 379 shares during the last quarter. BB&T Corp grew its position in shares of Urban Outfitters by 0.5% during the 1st quarter. BB&T Corp now owns 80,148 shares of the apparel retailer’s stock valued at $2,376,000 after acquiring an additional 394 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Urban Outfitters by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 30,647 shares of the apparel retailer’s stock valued at $697,000 after acquiring an additional 431 shares during the period. Advisor Group Inc. grew its position in shares of Urban Outfitters by 13.4% during the 2nd quarter. Advisor Group Inc. now owns 4,018 shares of the apparel retailer’s stock valued at $91,000 after acquiring an additional 476 shares during the period. Finally, Mason Street Advisors LLC grew its position in shares of Urban Outfitters by 1.5% during the 1st quarter. Mason Street Advisors LLC now owns 40,069 shares of the apparel retailer’s stock valued at $1,188,000 after acquiring an additional 601 shares during the period. Institutional investors and hedge funds 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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