Urban Outfitters (NASDAQ:URBN) has been assigned a $39.00 target price by equities researchers at Robert W. Baird in a report issued on Friday. The firm currently has a “buy” rating on the apparel retailer’s stock. Robert W. Baird’s price objective indicates a potential upside of 12.33% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, October 17th. Buckingham Research upped their price target on shares of Urban Outfitters from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Jefferies Group reiterated a “buy” rating and issued a $25.00 price target on shares of Urban Outfitters in a research note on Thursday, September 28th. SunTrust Banks set a $35.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Monday, December 11th. Finally, KeyCorp reiterated a “buy” rating on shares of Urban Outfitters in a research note on Friday, December 15th. Three investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.53.

Shares of Urban Outfitters (NASDAQ:URBN) traded down $0.28 during trading on Friday, reaching $34.72. 2,475,900 shares of the company were exchanged, compared to its average volume of 3,426,687. The company has a market cap of $3,758.39, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.85 and a beta of 0.73. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $35.30.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. The company 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%. Urban Outfitters’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. sell-side analysts forecast that Urban Outfitters will post 1.56 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Shapiro Capital Management LLC increased its holdings in Urban Outfitters by 586.5% in the 2nd quarter. Shapiro Capital Management LLC now owns 8,827,740 shares of the apparel retailer’s stock worth $163,666,000 after acquiring an additional 7,541,840 shares in the last quarter. FMR LLC boosted its stake in Urban Outfitters by 2.4% in the 2nd quarter. FMR LLC now owns 5,986,454 shares of the apparel retailer’s stock worth $110,988,000 after purchasing an additional 139,356 shares during the period. Dimensional Fund Advisors LP boosted its stake in Urban Outfitters by 32.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock worth $101,640,000 after purchasing an additional 1,053,712 shares during the period. Bank of New York Mellon Corp boosted its stake in Urban Outfitters by 7.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,234,875 shares of the apparel retailer’s stock worth $101,215,000 after purchasing an additional 308,063 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in Urban Outfitters by 4.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,167,501 shares of the apparel retailer’s stock worth $40,185,000 after purchasing an additional 83,414 shares during the period. 86.24% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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