Buckingham Research set a $42.00 target price on Urban Outfitters (NASDAQ:URBN) in a research report report published on Thursday morning. The firm currently has a buy rating on the apparel retailer’s stock.
Other equities analysts have also issued reports about the company. Robert W. Baird reiterated a buy rating on shares of Urban Outfitters in a research note on Friday, November 24th. Jefferies Group upped their target price on Urban Outfitters to $34.00 and gave the company a buy rating in a research note on Tuesday, November 21st. SunTrust Banks set a $35.00 target price on Urban Outfitters and gave the company a buy rating in a research note on Monday, December 11th. KeyCorp reiterated a buy rating on shares of Urban Outfitters in a research note on Friday, December 15th. Finally, BidaskClub lowered Urban Outfitters from a strong-buy rating to a buy rating in a research note on Saturday, January 6th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $30.75.
Urban Outfitters (URBN) opened at $35.88 on Thursday. The company has a market capitalization of $3,883.97, a price-to-earnings ratio of 37.38, a P/E/G ratio of 1.35 and a beta of 0.56. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $38.28.
A number of institutional investors and hedge funds have recently modified their holdings of URBN. Trust Co. of Vermont purchased a new position in Urban Outfitters in the fourth quarter valued at about $110,000. State of Alaska Department of Revenue purchased a new position in Urban Outfitters in the fourth quarter valued at about $175,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Urban Outfitters by 42.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after purchasing an additional 1,522 shares during the last quarter. BRYN MAWR TRUST Co purchased a new position in Urban Outfitters in the fourth quarter valued at about $207,000. Finally, Shelton Capital Management purchased a new position in Urban Outfitters in the fourth quarter valued at about $234,000. 75.09% of the stock is owned by hedge funds and other institutional investors.
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Urban Outfitters Company Profile
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.
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