Urban Outfitters (NASDAQ:URBN) Sets New 12-Month Low at $20.29

Urban Outfitters, Inc. (NASDAQ:URBNGet Rating)’s stock price hit a new 52-week low on Thursday . The company traded as low as $20.29 and last traded at $20.44, with a volume of 10945 shares changing hands. The stock had previously closed at $21.11.

A number of brokerages recently weighed in on URBN. B. Riley lowered their price objective on shares of Urban Outfitters from $44.00 to $39.00 and set a “na” rating for the company in a research report on Tuesday. Morgan Stanley lowered their price objective on shares of Urban Outfitters from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, March 7th. Barclays downgraded shares of Urban Outfitters from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $34.00 to $29.00 in a research report on Friday, April 1st. Wells Fargo & Company reduced their target price on shares of Urban Outfitters from $34.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Urban Outfitters from $32.00 to $26.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and an average target price of $35.50.

The business’s 50 day moving average price is $25.04 and its two-hundred day moving average price is $28.23. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 0.43 and a beta of 1.43.

Urban Outfitters (NASDAQ:URBNGet Rating) last released its earnings results on Tuesday, March 1st. The apparel retailer reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.08). Urban Outfitters had a return on equity of 18.55% and a net margin of 6.83%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. On average, research analysts expect that Urban Outfitters, Inc. will post 2.96 earnings per share for the current year.

In related news, CAO Azeez Hayne sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $26.61, for a total value of $133,050.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 27.50% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Shapiro Capital Management LLC raised its holdings in shares of Urban Outfitters by 4.6% during the first quarter. Shapiro Capital Management LLC now owns 9,472,995 shares of the apparel retailer’s stock valued at $237,867,000 after acquiring an additional 420,001 shares during the period. BlackRock Inc. raised its holdings in shares of Urban Outfitters by 9.6% during the fourth quarter. BlackRock Inc. now owns 9,143,391 shares of the apparel retailer’s stock valued at $268,451,000 after acquiring an additional 802,424 shares during the period. Turtle Creek Asset Management Inc. raised its holdings in shares of Urban Outfitters by 41.3% during the first quarter. Turtle Creek Asset Management Inc. now owns 5,560,507 shares of the apparel retailer’s stock valued at $139,624,000 after acquiring an additional 1,624,012 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Urban Outfitters by 8.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,990,653 shares of the apparel retailer’s stock valued at $125,315,000 after acquiring an additional 403,537 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Urban Outfitters by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,037,357 shares of the apparel retailer’s stock valued at $101,382,000 after buying an additional 318,211 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

About Urban Outfitters (NASDAQ:URBN)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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 Stories

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.