Urban Outfitters’ (URBN) “Hold” Rating Reaffirmed at William Blair

William Blair reissued their hold rating on shares of Urban Outfitters (NASDAQ:URBN) in a report issued on Wednesday morning, Stock Target Advisor reports. William Blair also issued estimates for Urban Outfitters’ FY2020 earnings at $2.16 EPS and FY2021 earnings at $2.39 EPS.

Several other analysts also recently issued reports on URBN. Wells Fargo & Co raised Urban Outfitters from a market perform rating to an outperform rating and lifted their price target for the company from $25.00 to $30.00 in a research note on Monday, September 30th. Bank of America reaffirmed a buy rating and issued a $28.00 target price (down previously from $33.00) on shares of Urban Outfitters in a research report on Wednesday, August 21st. Deutsche Bank lowered their target price on Urban Outfitters from $29.00 to $28.00 and set a hold rating on the stock in a research report on Friday, August 16th. Jefferies Financial Group lowered their target price on Urban Outfitters from $35.00 to $33.00 and set a buy rating on the stock in a research report on Wednesday. Finally, KeyCorp reaffirmed a hold rating on shares of Urban Outfitters in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $29.26.

Shares of URBN traded up $0.70 during midday trading on Wednesday, hitting $25.10. The stock had a trading volume of 5,334,600 shares, compared to its average volume of 2,919,097. The company has a 50 day simple moving average of $28.72 and a two-hundred day simple moving average of $25.12. Urban Outfitters has a twelve month low of $19.63 and a twelve month high of $39.54. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.77. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.60 and a quick ratio of 0.89.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 19th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.01). Urban Outfitters had a net margin of 6.54% and a return on equity of 18.10%. The firm had revenue of $987.47 million during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business earned $0.70 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts forecast that Urban Outfitters will post 2.29 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in Urban Outfitters by 73.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,670,448 shares of the apparel retailer’s stock worth $75,013,000 after buying an additional 1,127,172 shares during the last quarter. Bank of New York Mellon Corp increased its position in Urban Outfitters by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 1,842,593 shares of the apparel retailer’s stock worth $41,918,000 after buying an additional 160,628 shares during the last quarter. Invesco Ltd. increased its position in Urban Outfitters by 1.4% during the second quarter. Invesco Ltd. now owns 1,408,688 shares of the apparel retailer’s stock worth $32,048,000 after buying an additional 20,062 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Urban Outfitters by 35.1% during the second quarter. Parametric Portfolio Associates LLC now owns 1,096,381 shares of the apparel retailer’s stock worth $24,943,000 after buying an additional 284,988 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Urban Outfitters by 48.6% during the second quarter. Wells Fargo & Company MN now owns 927,218 shares of the apparel retailer’s stock worth $21,094,000 after buying an additional 303,402 shares during the last quarter. 74.38% of the stock is currently 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.

Recommended Story: What is the Difference Between Common Shares and Convertible Shares?

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.