MKM Partners Lowers Urban Outfitters (NASDAQ:URBN) Price Target to $25.00

Urban Outfitters (NASDAQ:URBN) had its price target lowered by MKM Partners to $25.00 in a research note published on Wednesday morning, The Fly reports. The firm currently has a neutral rating on the apparel retailer’s stock.

A number of other equities analysts have also recently issued reports on URBN. Wells Fargo & Co dropped their price objective on shares of Urban Outfitters from $30.00 to $28.00 and set a market perform rating for the company in a research note on Wednesday, May 22nd. BidaskClub upgraded shares of Urban Outfitters from a strong sell rating to a sell rating in a research note on Wednesday, July 31st. Robert W. Baird dropped their price objective on shares of Urban Outfitters from $26.00 to $25.00 and set a neutral rating for the company in a research note on Wednesday. Loop Capital dropped their price objective on shares of Urban Outfitters to $25.00 and set a buy rating for the company in a research note on Wednesday. Finally, Wolfe Research dropped their price objective on shares of Urban Outfitters from $30.00 to $26.00 and set an outperform rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $28.82.

Shares of URBN stock opened at $22.68 on Wednesday. Urban Outfitters has a 52-week low of $19.63 and a 52-week high of $48.74. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 0.87 and a beta of 0.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.13 and a current ratio of 1.60. The firm has a fifty day moving average of $22.46 and a 200-day moving average of $26.62.

Urban Outfitters (NASDAQ:URBN) last announced 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. Urban Outfitters had a net margin of 6.54% and a return on equity of 18.10%. The company had revenue of $962.30 million during the quarter, compared to analysts’ expectations of $981.40 million. During the same quarter in the prior year, the company posted $0.84 EPS. The business’s revenue was down 3.0% on a year-over-year basis. On average, sell-side analysts predict that Urban Outfitters will post 2.3 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in URBN. Huntington National Bank increased its position in shares of Urban Outfitters by 136.4% during the 2nd quarter. Huntington National Bank now owns 1,300 shares of the apparel retailer’s stock worth $30,000 after purchasing an additional 750 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Urban Outfitters by 114.9% during the 1st quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock worth $35,000 after purchasing an additional 631 shares in the last quarter. Signaturefd LLC increased its position in shares of Urban Outfitters by 178.1% during the 1st quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 789 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth about $46,000. Finally, Royce & Associates LP acquired a new stake in shares of Urban Outfitters during the 1st quarter worth about $50,000. Institutional investors and hedge funds own 74.10% of the company’s stock.

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.

Further Reading: CD Ladder

The Fly

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.