Robert W. Baird Cuts Urban Outfitters (NASDAQ:URBN) Price Target to $36.00

Urban Outfitters (NASDAQ:URBN) had its price target decreased by Robert W. Baird from $40.00 to $36.00 in a research report report published on Wednesday morning, The Fly reports.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company reduced their price objective on shares of Urban Outfitters from $40.00 to $36.00 and set an equal weight rating on the stock in a research note on Friday, October 15th. Zacks Investment Research lowered shares of Urban Outfitters from a strong-buy rating to a sell rating and set a $33.00 price objective on the stock. in a research note on Tuesday, October 26th. William Blair reissued a market perform rating on shares of Urban Outfitters in a research note on Tuesday, November 23rd. Morgan Stanley lifted their price objective on shares of Urban Outfitters from $41.00 to $43.00 and gave the stock an overweight rating in a research note on Tuesday, November 23rd. Finally, Citigroup upgraded shares of Urban Outfitters from a neutral rating to a buy rating and dropped their target price for the stock from $44.00 to $40.00 in a report on Friday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Urban Outfitters presently has a consensus rating of Hold and a consensus price target of $39.50.

Shares of NASDAQ URBN opened at $28.15 on Wednesday. The firm has a market capitalization of $2.76 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.46 and a beta of 1.55. Urban Outfitters has a 1 year low of $26.04 and a 1 year high of $42.10. The firm’s 50-day moving average is $31.35 and its 200-day moving average is $33.48.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 22nd. The apparel retailer reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. Urban Outfitters had a net margin of 6.93% and a return on equity of 18.60%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm earned $0.78 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, equities research analysts expect that Urban Outfitters will post 3.37 EPS for the current year.

In other news, CAO Azeez Hayne sold 1,100 shares of Urban Outfitters stock in a transaction that occurred on Wednesday, November 3rd. The shares were sold at an average price of $35.00, for a total value of $38,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 27.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of URBN. Meeder Asset Management Inc. grew its stake in shares of Urban Outfitters by 998.2% in the second quarter. Meeder Asset Management Inc. now owns 604 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 549 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Urban Outfitters in the second quarter valued at $31,000. Macquarie Group Ltd. grew its stake in shares of Urban Outfitters by 186.8% in the third quarter. Macquarie Group Ltd. now owns 2,710 shares of the apparel retailer’s stock valued at $80,000 after buying an additional 1,765 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Urban Outfitters by 205.6% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,393 shares of the apparel retailer’s stock valued at $99,000 after buying an additional 1,610 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of Urban Outfitters in the second quarter valued at $99,000. Institutional investors own 71.08% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.

Featured Story: What are momentum indicators and what do they show?

The Fly logo

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.