Urban Outfitters, Inc. (URBN) Stock Rating Reaffirmed by Alere Financial
Urban Outfitters, Inc. (NASDAQ:URBN)‘s stock had its “neutral” rating reaffirmed by equities researchers at Alere Financial in a research report issued to clients and investors on Wednesday. They currently have a $24.00 price objective on the apparel retailer’s stock, up from their previous price objective of $19.00. Alere Financial’s price objective would suggest a potential downside of 19.46% from the stock’s current price.
A number of other research analysts have also recently commented on URBN. BidaskClub upgraded shares of Urban Outfitters from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. BMO Capital Markets set a $20.00 price target on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Tuesday, August 8th. Deutsche Bank AG restated a “hold” rating and issued a $18.00 price target (down from $19.00) on shares of Urban Outfitters in a report on Friday, August 11th. FBR & Co cut their price target on shares of Urban Outfitters from $24.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Urban Outfitters in a report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.20.
Urban Outfitters (URBN) opened at $29.80 on Wednesday. The company has a market cap of $3,262.75, a PE ratio of 19.16, a PEG ratio of 1.71 and a beta of 0.62. Urban Outfitters has a 1-year low of $16.19 and a 1-year high of $36.49.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. The firm had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. equities analysts forecast that Urban Outfitters will post 1.49 EPS for the current fiscal year.
Urban Outfitters announced that its board has authorized a share repurchase plan on Thursday, August 24th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the apparel retailer to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in shares of Urban Outfitters by 6.5% in the 3rd quarter. California Public Employees Retirement System now owns 372,301 shares of the apparel retailer’s stock valued at $8,898,000 after purchasing an additional 22,601 shares during the last quarter. Vident Investment Advisory LLC raised its position in shares of Urban Outfitters by 78.5% in the 3rd quarter. Vident Investment Advisory LLC now owns 137,358 shares of the apparel retailer’s stock valued at $3,283,000 after purchasing an additional 60,392 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Urban Outfitters in the 3rd quarter valued at approximately $373,000. Royce & Associates LP raised its position in shares of Urban Outfitters by 11.8% in the 3rd quarter. Royce & Associates LP now owns 95,000 shares of the apparel retailer’s stock valued at $2,271,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Senvest Management LLC purchased a new position in shares of Urban Outfitters in the 3rd quarter valued at approximately $36,629,000. Institutional investors and hedge funds own 87.35% of the company’s stock.
About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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