Urban Outfitters (NASDAQ:URBN) PT Lowered to $26.00 at Wolfe Research

Urban Outfitters (NASDAQ:URBN) had its price target cut by Wolfe Research from $30.00 to $26.00 in a research note published on Wednesday, Briefing.com Automated Import reports. They currently have an outperform rating on the apparel retailer’s stock.

A number of other analysts have also issued reports on the company. TheStreet lowered Urban Outfitters from a b- rating to a c+ rating in a research note on Thursday, May 30th. Nomura decreased their target price on Urban Outfitters from $32.00 to $28.00 and set a neutral rating on the stock in a research note on Wednesday, May 22nd. Wells Fargo & Co decreased their target price on Urban Outfitters from $30.00 to $28.00 and set a market perform rating on the stock in a research note on Wednesday, May 22nd. BidaskClub upgraded Urban Outfitters from a strong sell rating to a sell rating in a research note on Wednesday, July 31st. Finally, ValuEngine lowered Urban Outfitters from a sell rating to a strong sell rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. Urban Outfitters has an average rating of Hold and a consensus target price of $28.82.

NASDAQ:URBN opened at $22.68 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.76. Urban Outfitters has a 52-week low of $19.63 and a 52-week high of $48.74. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.79 and a beta of 0.76. The business’s fifty day moving average is $22.46 and its 200 day moving average is $26.62.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Urban Outfitters had a return on equity of 17.78% and a net margin of 6.54%. The company had revenue of $962.30 million for the quarter, compared to analyst estimates of $981.40 million. During the same period in the previous year, the company posted $0.84 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities analysts predict that Urban Outfitters will post 2.29 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. First Quadrant L P CA increased its position in shares of Urban Outfitters by 807.6% during the 2nd quarter. First Quadrant L P CA now owns 24,914 shares of the apparel retailer’s stock valued at $567,000 after purchasing an additional 22,169 shares during the last quarter. Sapience Investments LLC purchased a new stake in Urban Outfitters during the 1st quarter valued at about $5,131,000. Accident Compensation Corp purchased a new stake in Urban Outfitters during the 1st quarter valued at about $1,307,000. Skylands Capital LLC boosted its holdings in Urban Outfitters by 259.3% during the 1st quarter. Skylands Capital LLC now owns 252,250 shares of the apparel retailer’s stock valued at $7,477,000 after acquiring an additional 182,050 shares during the period. Finally, BB&T Corp boosted its holdings in 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. 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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