Latest Stocks: Nomura Analysts Give Urban Outfitters, Inc. (URBN) a $21.00 Price Target

Latest Stocks: Nomura Analysts Give Urban Outfitters, Inc. (URBN) a $21.00 Price Target

Urban Outfitters, Inc. (NASDAQ:URBN) received a $21.00 price target from research analysts at Nomura in a research note issued to investors on Tuesday, May 16th. The firm presently has a “hold” rating on the apparel retailer’s stock. Nomura’s target price points to a potential upside of 12.90% from the stock’s previous close.

Several other equities analysts have also weighed in on URBN. Wunderlich reaffirmed a “hold” rating and issued a $26.00 price objective (down from $32.00) on shares of Urban Outfitters in a research note on Monday, March 6th. Instinet reduced their price target on Urban Outfitters from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 8th. MKM Partners lowered Urban Outfitters from a “neutral” rating to a “sell” rating and set a $35.00 price target on the stock. in a research report on Monday, February 27th. Wedbush reissued a “neutral” rating on shares of Urban Outfitters in a research report on Monday, February 13th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $30.00 price target on shares of Urban Outfitters in a research report on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $27.88.

Urban Outfitters (NASDAQ URBN) opened at 18.60 on Tuesday. The stock has a market cap of $2.16 billion, a P/E ratio of 10.86 and a beta of 0.66. The company has a 50-day moving average of $21.50 and a 200 day moving average of $25.90. Urban Outfitters has a 1-year low of $18.44 and a 1-year high of $40.80.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by $0.03. The business had revenue of $761.20 million during the quarter, compared to analysts’ expectations of $768.95 million. Urban Outfitters had a net margin of 6.42% and a return on equity of 18.88%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. Analysts predict that Urban Outfitters will post $1.52 EPS for the current year. Several hedge funds have recently made changes to their positions in URBN. BlackRock Inc. increased its stake in shares of Urban Outfitters by 9,872.9% in the first quarter. BlackRock Inc. now owns 13,405,864 shares of the apparel retailer’s stock worth $318,523,000 after buying an additional 13,271,441 shares in the last quarter. FMR LLC increased its stake in shares of Urban Outfitters by 7.8% in the first quarter. FMR LLC now owns 5,847,098 shares of the apparel retailer’s stock worth $138,927,000 after buying an additional 424,156 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Urban Outfitters by 45.2% in the first quarter. Bank of New York Mellon Corp now owns 3,916,563 shares of the apparel retailer’s stock worth $93,056,000 after buying an additional 1,218,502 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Urban Outfitters by 11.6% in the fourth quarter. AQR Capital Management LLC now owns 3,011,308 shares of the apparel retailer’s stock worth $85,762,000 after buying an additional 312,396 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Urban Outfitters during the fourth quarter worth about $69,571,000. Institutional investors own 78.05% of the company’s stock.

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