Urban Outfitters (NASDAQ:URBN)‘s inventory experienced its “neutral” ranking restated by investment analysts at B. Riley in a research note issued to investors on Tuesday, The Fly studies. They presently have a $36.00 price aim on the attire retailer’s inventory, up from their prior price tag objective of $30.00. B. Riley’s selling price target suggests a potential downside of 3.56% from the company’s recent selling price. The analysts famous that the go was a valuation phone.
A quantity of other analysis corporations have also lately commented on URBN. Morgan Stanley boosted their rate target on City Outfitters from $37.00 to $44.00 and gave the inventory an “chubby” rating in a report on Tuesday. UBS Team upped their rate goal on Urban Outfitters from $23.00 to $27.00 and gave the stock a “neutral” ranking in a report on Thursday, December 17th. Telsey Advisory Group upped their rate aim on Urban Outfitters from $40.00 to $45.00 and gave the inventory an “outperform” score in a report on Tuesday. Citigroup Inc. 3% Minimal Coupon Principal Shielded Based On Russell decreased their price tag objective on City Outfitters from $33.00 to $31.00 in a report on Wednesday, January 13th. At last, Royal Financial institution of Canada amplified their price tag goal on Urban Outfitters from $28.00 to $30.00 and gave the business a “sector carry out” rating in a report on Wednesday, February 10th. Just one analyst has rated the stock with a sell rating, twelve have issued a maintain score and 6 have offered a get rating to the company’s inventory. City Outfitters has a consensus score of “Hold” and an typical goal cost of $31.95.
NASDAQ URBN traded down $.82 in the course of buying and selling hours on Tuesday, reaching $37.33. The company’s stock experienced a trading volume of 19,913 shares, as opposed to its average quantity of 1,652,376. The firm’s 50-working day transferring regular selling price is $37.23 and its 200-working day moving regular cost is $29.17. City Outfitters has a 1 12 months low of $14.41 and a 1 yr higher of $41.95. The firm has a market place capitalization of $3.67 billion, a selling price-to-earnings ratio of -466.63, a PEG ratio of 8.80 and a beta of 1.61.
City Outfitters (NASDAQ:URBN) past posted its quarterly earnings final results on Monday, March 1st. The attire retailer documented $.30 EPS for the quarter, topping the Zacks’ consensus estimate of $.28 by $.02. Urban Outfitters had a favourable return on equity of 2.30% and a unfavorable web margin of .22%. The firm experienced income of $1.09 billion for the quarter, when compared to analysts’ expectations of $1.10 billion. All through the identical period of time in the former year, the agency attained $.50 EPS. The firm’s income was down 6.9% as opposed to the same quarter last 12 months. Market-aspect analysts foresee that City Outfitters will write-up .18 EPS for the present fiscal yr.
Institutional investors have lately built variations to their positions in the inventory. Benjamin F. Edwards & Corporation Inc. lifted its placement in City Outfitters by 66.8% for the duration of the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,515 shares of the apparel retailer’s stock well worth $64,000 following purchasing an additional 1,007 shares in the previous quarter. Twin Tree Administration LP obtained a new place in Urban Outfitters in the course of the fourth quarter worth around $89,000. Neo Ivy Capital Management procured a new position in City Outfitters for the duration of the fourth quarter well worth approximately $175,000. Guggenheim Capital LLC acquired a new placement in Urban Outfitters all through the third quarter worthy of roughly $204,000. Ultimately, Verition Fund Administration LLC purchased a new posture in City Outfitters during the fourth quarter well worth roughly $217,000. Hedge resources and other institutional investors personal 69.79% of the company’s stock.
About City Outfitters
City Outfitters, Inc engages in the retail and wholesale of common consumer goods. The firm operates as a result of a few segments: Retail, wholesale, and Membership. It operates Urban Outfitters merchants, which offer women’s and men’s manner attire, activewear, intimates, footwear, add-ons, home goods, electronics, and elegance solutions for younger adults aged 18 to 28 and Anthropologie retailers that present women’s casual apparel, equipment, intimates, shoes, and property furnishings, as nicely as items, decorative objects, and natural beauty and wellness products for women of all ages aged 28 to 45.
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