Urban Outfitters (NASDAQ:URBN) Stock Rating Reaffirmed by KeyCorp

KeyCorp reaffirmed their hold rating on shares of Urban Outfitters (NASDAQ:URBN) in a research report sent to investors on Wednesday, TipRanks reports. KeyCorp also issued estimates for Urban Outfitters’ Q3 2020 earnings at $0.56 EPS, Q4 2020 earnings at $0.82 EPS, FY2020 earnings at $2.28 EPS and FY2021 earnings at $2.53 EPS.

Several other brokerages have also recently commented on URBN. Robert W. Baird decreased 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. MKM Partners decreased their price objective on shares of Urban Outfitters to $25.00 and set a neutral rating for the company in a research note on Wednesday. B. Riley set a $23.00 price objective on shares of Urban Outfitters and gave the company a hold rating in a research note on Wednesday. BidaskClub upgraded shares of Urban Outfitters from a strong sell rating to a sell rating in a research note on Wednesday, July 31st. Finally, Wolfe Research decreased 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 issued a hold rating and six have given a buy rating to the company’s stock. Urban Outfitters presently has an average rating of Hold and an average price target of $28.82.

Shares of NASDAQ URBN opened at $22.68 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.13 and a debt-to-equity ratio of 0.80. Urban Outfitters has a 12 month low of $19.63 and a 12 month high of $48.74. The company has a 50 day simple moving average of $22.46 and a two-hundred day simple moving average of $26.62. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.87 and a beta of 0.76.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, August 20th. The apparel retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Urban Outfitters had a net margin of 6.54% and a return on equity of 18.10%. The business had revenue of $962.30 million during the quarter, compared to analysts’ expectations of $981.40 million. During the same period in the previous year, the business posted $0.84 EPS. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. Analysts forecast that Urban Outfitters will post 2.3 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of URBN. Investment Counselors of Maryland LLC acquired a new position in shares of Urban Outfitters in the 2nd quarter valued at $20,258,000. Victory Capital Management Inc. acquired a new position in shares of Urban Outfitters in the 2nd quarter valued at $16,450,000. Parametric Portfolio Associates LLC lifted its stake in shares of Urban Outfitters by 182.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 811,393 shares of the apparel retailer’s stock valued at $24,050,000 after purchasing an additional 524,469 shares during the period. Morgan Stanley lifted its stake in shares of Urban Outfitters by 121.7% in the 2nd quarter. Morgan Stanley now owns 921,845 shares of the apparel retailer’s stock valued at $20,971,000 after purchasing an additional 505,998 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Urban Outfitters in the 2nd quarter valued at $10,986,000. Hedge funds and other institutional investors 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.

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Analyst Recommendations for Urban Outfitters (NASDAQ:URBN)

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