Urban Outfitters (NASDAQ:URBN) had its price target raised by Wedbush from $20.00 to $33.00 in a report released on Tuesday, The Fly reports. They currently have a neutral rating on the apparel retailer’s stock. Wedbush also issued estimates for Urban Outfitters’ Q3 2020 earnings at $0.61 EPS, Q4 2020 earnings at $0.87 EPS, FY2020 earnings at $2.39 EPS, FY2021 earnings at $2.65 EPS and FY2022 earnings at $3.41 EPS.
Other equities research analysts also recently issued reports about the company. Deutsche Bank decreased 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. Wolfe Research decreased their target price on Urban Outfitters from $30.00 to $26.00 and set an outperform rating on the stock in a research report on Wednesday, August 21st. BidaskClub upgraded Urban Outfitters from a buy rating to a strong-buy rating in a research report on Thursday, November 7th. KeyCorp reiterated a hold rating on shares of Urban Outfitters in a research report on Wednesday, August 21st. Finally, MKM Partners decreased their target price on Urban Outfitters to $25.00 and set a neutral rating on the stock in a research report on Wednesday, August 21st. Thirteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Urban Outfitters presently has an average rating of Hold and a consensus target price of $30.44.
Shares of URBN traded up $0.33 during trading hours on Tuesday, hitting $31.06. The stock had a trading volume of 2,197,600 shares, compared to its average volume of 2,125,436. The firm has a market capitalization of $3.02 billion, a PE ratio of 11.29, a PEG ratio of 1.31 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. The stock has a fifty day moving average price of $28.44 and a 200 day moving average price of $25.13. Urban Outfitters has a 12 month low of $19.63 and a 12 month high of $39.54.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm 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 18.10% and a net margin of 6.54%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. As a group, analysts anticipate that Urban Outfitters will post 2.29 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. First Quadrant L P CA grew its stake in Urban Outfitters by 807.6% in the second quarter. First Quadrant L P CA now owns 24,914 shares of the apparel retailer’s stock worth $567,000 after purchasing an additional 22,169 shares in the last quarter. Paloma Partners Management Co bought a new position in Urban Outfitters in the second quarter worth approximately $1,454,000. Point72 Asset Management L.P. grew its stake in Urban Outfitters by 5.8% in the second quarter. Point72 Asset Management L.P. now owns 34,491 shares of the apparel retailer’s stock worth $785,000 after purchasing an additional 1,890 shares in the last quarter. 1492 Capital Management LLC bought a new position in Urban Outfitters in the second quarter worth approximately $446,000. Finally, Bank of America Corp DE grew its stake in Urban Outfitters by 1.8% in the second quarter. Bank of America Corp DE now owns 422,126 shares of the apparel retailer’s stock worth $9,604,000 after purchasing an additional 7,562 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.
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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