Zacks Investment Research cut Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $32.00 target price (down from $38.00) on shares of Urban Outfitters in a research report on Thursday, May 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $32.00 target price on shares of Urban Outfitters in a research note on Thursday, May 19th. Urban Outfitters, Inc. (NASDAQ:URBN) marked 52 week highest price level of $34.77 on 04/04/16 and 52 week lowest price level of $19.26 on 11/17/15. The price target according to the broker shows a possible increase of 28.04% from the current stock price of 31.24. LMR Partners LLP acquired a new stake in shares of Urban Outfitters during the second quarter worth approximately $397,000. GW&K Investment Management LLC now owns 404,123 shares of the apparel retailer’s stock worth $11,113,000 after buying an additional 62,027 shares in the last quarter. The latest results are based on 9% fewer shares outstanding.
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Vetri Family restaurants, which the retailer bought this year, added $3.6 million to revenue. Oakbrook Investments LLC raised its position in Urban Outfitters by 17.8% in the second quarter. The decrease in total inventory is primarily related to the decline in comparable Retail segment inventory, which decreased 4% at cost. Year to Date, the current share price of the stock is above 37.32%. The stock has a market cap of $3.66 billion and a price-to-earnings ratio of 17.32. The Bothell Washington 98011 based company is now trading 16.37% above its 52 week low of $0.46 and -84.33% below its 52 week high of $3.38. The stock’s 50 day moving average is $29.29 and its 200-day moving average is $28.85.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, August 16th. The company posted earnings of $0.66 per share, soaring past the Zacks Consensus Estimate of 56 cents and rising 26.9% year-over-year. Urban Outfitters’s revenue was up 2.7% compared to the same quarter a year ago.
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In the six months that ended in July, the company opened a total of 12 new stores including: 8 Free People stores, 3 Anthropologie Group stores and 1 Urban Outfitters store. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The company’s wholesale business designs and markets young women’s casual wear which it provides to the company’s retail operations and sells to specialty retailers worldwide. Wholesale segment net sales increased 4%. Comparable Retail segment net sales raised 5% at Urban Outfitters, were flat at Free People, and reduced 3% at the Anthropologie Group.
