Urban Outfitters (NASDAQ:URBN) PT Set at $35.00 by SunTrust Banks

SunTrust Banks set a $35.00 price target on Urban Outfitters (NASDAQ:URBN) in a research note published on Monday, December 11th. The firm currently has a buy rating on the apparel retailer’s stock.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada increased their price target on shares of Urban Outfitters from $17.00 to $21.00 and gave the company a sector perform rating in a report on Wednesday, August 16th. KeyCorp set a $26.00 price objective on shares of Urban Outfitters and gave the company a buy rating in a research note on Wednesday, August 16th. B. Riley reaffirmed a neutral rating on shares of Urban Outfitters in a research note on Wednesday, November 1st. BidaskClub raised shares of Urban Outfitters from a sell rating to a hold rating in a research note on Saturday, August 26th. Finally, MKM Partners set a $16.00 price target on shares of Urban Outfitters and gave the stock a sell rating in a research note on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Urban Outfitters has an average rating of Hold and an average price target of $25.53.

Shares of Urban Outfitters (URBN) traded down $0.33 during trading on Monday, reaching $35.30. 872,797 shares of the company’s stock were exchanged, compared to its average volume of 3,413,985. The stock has a market cap of $3,758.39, a P/E ratio of 23.53, a P/E/G ratio of 1.85 and a beta of 0.73. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $35.86.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. The company had revenue of $892.77 million during the quarter, compared to the consensus estimate of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. Urban Outfitters’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. sell-side analysts predict that Urban Outfitters will post 1.56 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Empirical Finance LLC boosted its holdings in Urban Outfitters by 45.9% in the third quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock worth $2,322,000 after purchasing an additional 30,559 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Urban Outfitters by 39.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock valued at $572,000 after acquiring an additional 8,800 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Urban Outfitters by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock valued at $72,803,000 after acquiring an additional 10,249 shares during the period. First Trust Advisors LP boosted its holdings in shares of Urban Outfitters by 2.9% during the second quarter. First Trust Advisors LP now owns 370,822 shares of the apparel retailer’s stock valued at $6,875,000 after acquiring an additional 10,503 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Urban Outfitters by 11.0% during the second quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock valued at $2,577,000 after acquiring an additional 13,795 shares during the period. 86.24% of the stock is owned by hedge funds and other institutional investors.

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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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