Urban Outfitters (URBN) Receives Buy Rating from Jefferies Group

Urban Outfitters (NASDAQ:URBN)‘s stock had its “buy” rating reiterated by Jefferies Group in a research report issued on Monday. They presently have a $40.00 price objective on the apparel retailer’s stock. Jefferies Group’s price target indicates a potential upside of 22.03% from the stock’s previous close.

A number of other research firms also recently weighed in on URBN. Robert W. Baird set a $27.00 price target on Urban Outfitters and gave the company a “buy” rating in a research note on Saturday, November 18th. Buckingham Research lifted their price target on Urban Outfitters from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded 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. SunTrust Banks set a $35.00 price target on Urban Outfitters and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, KeyCorp restated a “buy” rating on shares of Urban Outfitters in a research note on Friday. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.40.

Urban Outfitters (NASDAQ URBN) opened at $32.78 on Monday. The stock has a market capitalization of $3,548.37, a P/E ratio of 21.42, a P/E/G ratio of 1.75 and a beta of 0.73. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $34.00.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The firm had revenue of $892.77 million for the quarter, compared to the consensus estimate of $860.64 million. During the same quarter last year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. analysts forecast that Urban Outfitters will post 1.56 earnings per share for the current year.

Urban Outfitters announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 24th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the apparel retailer to buy up to 0.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System raised its position in shares of Urban Outfitters by 6.5% during the 3rd quarter. California Public Employees Retirement System now owns 372,301 shares of the apparel retailer’s stock worth $8,898,000 after purchasing an additional 22,601 shares during the period. Vident Investment Advisory LLC raised its position in shares of Urban Outfitters by 78.5% during the 3rd quarter. Vident Investment Advisory LLC now owns 137,358 shares of the apparel retailer’s stock worth $3,283,000 after purchasing an additional 60,392 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Urban Outfitters during the 3rd quarter worth approximately $373,000. Royce & Associates LP raised its position in shares of Urban Outfitters by 11.8% during the 3rd quarter. Royce & Associates LP now owns 95,000 shares of the apparel retailer’s stock worth $2,271,000 after purchasing an additional 10,000 shares during the period. Finally, Senvest Management LLC acquired a new stake in shares of Urban Outfitters during the 3rd quarter worth approximately $36,629,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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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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