Urban Outfitters (URBN) Received Market Perform Rating from Telsey Advisory Group

Urban Outfitters (URBN) Received Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Urban Outfitters (NASDAQ:URBN) in a research report report published on Friday morning. The brokerage currently has a $35.00 target price on the apparel retailer’s stock, down from their prior target price of $36.00.

Other analysts have also recently issued reports about the company. Jefferies Financial Group set a $58.00 target price on Urban Outfitters and gave the company a buy rating in a research report on Tuesday, November 20th. Zacks Investment Research cut Urban Outfitters from a buy rating to a hold rating in a research report on Wednesday, October 24th. Royal Bank of Canada decreased their target price on Urban Outfitters to $46.00 and set a sector perform rating for the company in a research report on Tuesday, November 20th. Robert W. Baird reissued a hold rating and issued a $47.00 target price on shares of Urban Outfitters in a research report on Tuesday, November 20th. Finally, Morgan Stanley raised Urban Outfitters from an equal weight rating to an overweight rating and set a $32.74 target price for the company in a research report on Wednesday, January 9th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. Urban Outfitters has a consensus rating of Hold and an average price target of $43.81.

Shares of NASDAQ URBN traded down $0.64 during trading hours on Friday, reaching $30.90. The stock had a trading volume of 3,983,037 shares, compared to its average volume of 2,196,839. The stock has a market cap of $3.40 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 0.98 and a beta of 0.58. Urban Outfitters has a fifty-two week low of $30.54 and a fifty-two week high of $52.50.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Monday, November 19th. The apparel retailer reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $973.50 million during the quarter, compared to analysts’ expectations of $967.82 million. Urban Outfitters had a return on equity of 20.65% and a net margin of 5.44%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. As a group, research analysts forecast that Urban Outfitters will post 2.72 EPS for the current year.

Several hedge funds have recently modified their holdings of URBN. AQR Capital Management LLC raised its stake in shares of Urban Outfitters by 547.6% during the 3rd quarter. AQR Capital Management LLC now owns 4,487,410 shares of the apparel retailer’s stock worth $183,535,000 after buying an additional 3,794,451 shares in the last quarter. FMR LLC raised its stake in shares of Urban Outfitters by 79.7% during the 2nd quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock worth $350,737,000 after buying an additional 3,492,613 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in shares of Urban Outfitters by 59.0% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,718,187 shares of the apparel retailer’s stock worth $111,173,000 after buying an additional 1,008,156 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Urban Outfitters by 3,059.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock worth $30,000 after buying an additional 971,424 shares in the last quarter. Finally, Man Group plc raised its stake in shares of Urban Outfitters by 557.0% during the 3rd quarter. Man Group plc now owns 1,027,750 shares of the apparel retailer’s stock worth $42,035,000 after buying an additional 871,309 shares in the last quarter. 81.54% of the stock is owned by institutional investors and hedge funds.

About Urban Outfitters

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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