Urban Outfitters (NASDAQ:URBN) Price Target Lowered to $34.00 at Morgan Stanley

Urban Outfitters (NASDAQ:URBN) had its target price reduced by Morgan Stanley from $42.00 to $34.00 in a research report released on Monday morning, BenzingaRatingsTable reports. Morgan Stanley currently has an overweight rating on the apparel retailer’s stock.

URBN has been the subject of a number of other research reports. MKM Partners reduced their price objective on Urban Outfitters to $28.00 and set a neutral rating for the company in a research report on Thursday, May 23rd. Wells Fargo & Co reduced their price objective on Urban Outfitters from $30.00 to $28.00 and set a market perform rating for the company in a research report on Wednesday, May 22nd. Wedbush set a $26.00 price objective on Urban Outfitters and gave the company a hold rating in a research report on Friday, May 17th. TheStreet cut Urban Outfitters from a b- rating to a c+ rating in a research report on Thursday, May 30th. Finally, Telsey Advisory Group reissued a market perform rating and set a $29.00 price objective (down previously from $33.00) on shares of Urban Outfitters in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $28.82.

URBN opened at $23.89 on Monday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.78 and a beta of 0.76. Urban Outfitters has a 1 year low of $19.63 and a 1 year high of $48.74. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average price of $22.46 and a 200 day moving average price of $26.66.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $962.30 million during the quarter, compared to analysts’ expectations of $981.40 million. Urban Outfitters had a return on equity of 20.07% and a net margin of 7.31%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. As a group, sell-side analysts forecast that Urban Outfitters will post 2.38 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Huntington National Bank lifted its position in shares of Urban Outfitters by 136.4% in the second quarter. Huntington National Bank now owns 1,300 shares of the apparel retailer’s stock worth $30,000 after buying an additional 750 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Urban Outfitters by 114.9% in the first quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock worth $35,000 after buying an additional 631 shares during the last quarter. Signaturefd LLC lifted its position in shares of Urban Outfitters by 178.1% in the first quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock worth $37,000 after buying an additional 789 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Urban Outfitters in the second quarter worth about $46,000. Finally, Royce & Associates LP acquired a new stake in shares of Urban Outfitters in the first quarter worth about $50,000. 74.10% of the stock is owned by institutional investors.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

Featured Article: Total Return

Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.