Urban Outfitters, Inc. (NASDAQ:URBN) has received an average recommendation of “Hold” from the thirty-nine ratings firms that are covering the company, MarketBeat Ratings reports. Twenty-six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $29.43.

Urban Outfitters (NASDAQ:URBN) traded up 3.74% during trading on Friday, reaching $22.73. The company had a trading volume of 640,963 shares. Urban Outfitters has a 52 week low of $19.26 and a 52 week high of $47.25. The stock has a 50 day moving average price of $22.33 and a 200 day moving average price of $27.72. The firm has a market capitalization of $2.67 billion and a P/E ratio of 12.74.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, November 17th. The apparel retailer reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. During the same quarter in the prior year, the company posted $0.35 EPS. The business had revenue of $825.25 million for the quarter, compared to analysts’ expectations of $872 million. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts predict that Urban Outfitters will post $1.74 earnings per share for the current year.

URBN has been the subject of several analyst reports. Wells Fargo reiterated a “market perform” rating on shares of Urban Outfitters in a report on Friday, October 23rd. Citigroup Inc. initiated coverage on Urban Outfitters in a report on Wednesday, October 7th. They set a “buy” rating and a $40.00 price objective for the company. Wunderlich lowered Urban Outfitters from a “buy” rating to a “hold” rating and decreased their price objective for the company from $49.00 to $30.00 in a report on Monday, October 19th. Stifel Nicolaus decreased their price objective on Urban Outfitters from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, November 17th. Finally, FBR & Co. reduced their target price on Urban Outfitters from $32.00 to $29.00 and set a “market perform” rating for the company in a research note on Tuesday, November 17th.

Several institutional investors recently bought and sold shares of URBN. Janus Capital Management boosted its position in Urban Outfitters by 8.5% in the third quarter. Janus Capital Management now owns 148,584 shares of the apparel retailer’s stock worth $4,365,000 after buying an additional 11,642 shares during the period. ICON Advisers acquired a new stake in shares of Urban Outfitters during the third quarter worth approximately $452,000. Capstone Asset Management Company acquired a new stake in shares of Urban Outfitters during the fourth quarter worth approximately $608,000. PGGM Investments boosted its stake in shares of Urban Outfitters by 0.4% in the fourth quarter. PGGM Investments now owns 606,237 shares of the apparel retailer’s stock worth $13,792,000 after buying an additional 2,286 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Urban Outfitters by 404.0% in the fourth quarter. Nordea Investment Management AB now owns 17,432 shares of the apparel retailer’s stock worth $397,000 after buying an additional 13,973 shares during the last quarter.

Urban Outfitters, Inc. (NASDAQ:URBN) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative, outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs, develops and markets young women’s contemporary casual apparel.

12 Month Chart for NASDAQ:URBN

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