Urban Outfitters (NASDAQ:URBN) Shares Gap Down Following Analyst Downgrade

Urban Outfitters, Inc. (NASDAQ:URBN) shares gapped down before the market opened on Thursday after Morgan Stanley lowered their price target on the stock from $23.00 to $21.00. The stock had previously closed at $15.78, but opened at $16.54. Morgan Stanley currently has an overweight rating on the stock. Urban Outfitters shares last traded at $17.84, with a volume of 117,628 shares traded.

A number of other research firms have also commented on URBN. Citigroup lowered their target price on shares of Urban Outfitters from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Robert W. Baird reduced their price target on shares of Urban Outfitters from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. DA Davidson lifted their price target on shares of Urban Outfitters from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Co reduced their price target on shares of Urban Outfitters from $30.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Finally, ValuEngine raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $20.95.

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its position in Urban Outfitters by 77.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 979 shares of the apparel retailer’s stock worth $27,000 after buying an additional 427 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Urban Outfitters by 81.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 796 shares during the last quarter. Point72 Hong Kong Ltd increased its stake in shares of Urban Outfitters by 136.4% during the 4th quarter. Point72 Hong Kong Ltd now owns 2,392 shares of the apparel retailer’s stock worth $66,000 after purchasing an additional 1,380 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Urban Outfitters by 17.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,521 shares of the apparel retailer’s stock worth $73,000 after purchasing an additional 368 shares during the last quarter. Finally, Smithfield Trust Co. increased its stake in shares of Urban Outfitters by 72.2% during the 1st quarter. Smithfield Trust Co. now owns 3,100 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 1,300 shares during the last quarter. 74.25% of the stock is currently owned by hedge funds and other institutional investors.

The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -441.00, a price-to-earnings-growth ratio of 1.51 and a beta of 1.29. The firm’s 50 day moving average price is $16.64 and its two-hundred day moving average price is $23.18. The company has a current ratio of 1.65, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, May 19th. The apparel retailer reported ($1.41) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($1.15). The firm had revenue of $588.50 million for the quarter, compared to analyst estimates of $637.99 million. Urban Outfitters had a positive return on equity of 2.59% and a negative net margin of 0.08%. The firm’s revenue for the quarter was down 31.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. As a group, equities research analysts predict that Urban Outfitters, Inc. will post 1.03 EPS for the current year.

Urban Outfitters Company Profile (NASDAQ:URBN)

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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