According to Bloomberg.com, the fourteen different brokerages that provide coverage for Urban Outfitters, Inc. (NASDAQ: URBN) have given the company a consensus rating of “Hold.” In addition, a total of seven analysts feel that the stock should be kept, while only two feel that it should be purchased. Recent research on the stock from various brokerages has resulted in an average one-year price estimate of $26.17.
URBN has been the focus of multiple research papers from analysts. Citigroup increased its price target on Urban Outfitters from $27.00 to $30.00 and gave the company a “buy” rating in a report published on Tuesday, November 22nd. Telsey Advisory Group increased their price target on Urban Outfitters from $28.00 to $33.00 and gave the company an “outperform” rating in a report released on Tuesday, November 22nd. On October 12th, StockNews.com published a research note that marked the beginning of the website’s coverage of Urban Outfitters. They decided to maintain their “hold” rating for the company. The investment firm UBS Group projected that shares of Urban Outfitters would reach $25 in a research note distributed on November 23rd. Last but not least, in a research note published on Tuesday, November 22nd, Bank of America increased its target price on Urban Outfitters from $25.00 to $30.00.
The price of URBN stock was $28.94 when the market opened on Thursday. The stock price of Urban Outfitters has ranged from $17.81 to $33.77 during the past 52 weeks. The moving average for the company over the past 50 days is $23.70, and the moving average for the past 200 days is $21.91. The firm’s market capitalization is currently valued at $2.67 billion, and it has a price-to-earnings ratio of 16.26, a PEG ratio of 0.91, and a beta of 1.37.
On Monday, November 21st, the most recent earnings report for Urban Outfitters (NASDAQ: URBN) was made public. The clothing retailer reported a profit of $0.40 per share for the third quarter, which was $0.01 less than the average analyst forecast of $0.41 per share. The return on equity for Urban Outfitters was 9.83%, and the company’s net margin was 3.57%. The revenue for the quarter came in at $1.18 billion, which is significantly more than the average expectation of $1.16 billion from analysts. During the prior year, the company generated $0.89 per share earnings. In the third quarter, there was a year-over-year rise of 4.3% in revenue. The consensus among market analysts is that Urban Outfitters will have earnings of $1.74 per share in 2018.
On Monday, November 14th, business insider Azeez Hayne sold 4,095 shares of the firm’s stock, as was reported elsewhere in the news. At an average price of $25.02 per share, the stock could bring in a total of $102,456.90 when sold. The transaction was made public by a legal filing with the Securities and Exchange Commission, which may be located here for your perusal. On Monday, November 14th, business insider Azeez Hayne sold 4,095 shares of the firm’s stock, as was reported elsewhere in the news. At an average price of $25.02 per share, the stock could bring in a total of $102,456.90 when sold. The transaction was made public by a legal filing with the Securities and Exchange Commission, which may be located here for your perusal.
Additionally, on Friday, November 11th, COO Frank Conforti sold 10,000 shares of Urban Outfitters stock. This transaction took place. At an average price of $25.00 per share, the shares were able to fetch a total of $250,000.00 when they were put up for sale. As a result of the sale, the company’s CEO now has ownership of 25,960 shares of stock that are worth $649,000. The disclosure for this sale can be found at this location. A total of 28.90% of the company’s shares are held privately by company insiders.
Recent months have seen an uptick in interest in URBN from hedge funds and other institutional investors. The percentage of ownership in Urban Outfitters held by US Bancorp DE increased by 323.2% during the second quarter. US Bancorp DE now owns 1,477 apparel retailer stock shares, valued at $27,000. This results from the company purchasing an additional 1,128 shares during the period. Through the second quarter, Captrust Financial Advisors raised its ownership in Urban Outfitters by 148.5%. As a result of the acquisition of 916 additional shares during the preceding quarter, Captrust Financial Advisors currently possesses 1,533 stock held by the clothing store, which have a value of $29,000. During the third quarter, Wipfli Financial Advisors LLC expanded its holdings in its portfolio by purchasing a new investment in Urban Outfitters with a value of roughly $40,000. Quadrant Capital Group LLC increased its stake in Urban Outfitters by 663.4% in the third quarter compared to the previous quarter. Following the acquisition of an additional 2,468 shares during the most recent quarter, Quadrant Capital Group LLC now holds a total of 2,840 shares of the apparel retailer’s stock, which have a value of $56,000. During the final three months of the year, KBC Group NV purchased a new position in Urban Outfitters valued at roughly $98,000. Institutional investors and hedge funds own 76.14% of the company’s stock.
The company known as Urban Outfitters is both a retailer and a supplier of various consumer goods. The company has three departments: retail, wholesale, and not-for-profit. It is the owner of Urban Outfitters, which sells activewear, intimates, footwear, accessories, home goods, electronics, and beauty products to young adults aged 18 to 28, as well as Anthropologie, which sells women’s casual clothing, accessories, intimates, shoes, and home furnishings to women aged 28 to 45, in addition to gifts, decorative items, and beauty and wellness products. Urban Outfitters also sells women’s and men’s fashion clothing, activewear, intimates, footwear, and accessories.
Source: news.google.com
