Urban Outfitters’ (URBN) “Hold” Rating Reaffirmed at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. reiterated their hold rating on shares of Urban Outfitters, Inc. (NASDAQ:URBN) in a research note issued to investors on Tuesday, May 16th.

Several other research analysts have also recently issued reports on URBN. Zacks Investment Research cut Urban Outfitters from a hold rating to a strong sell rating in a research report on Tuesday, January 24th. Wunderlich upgraded Urban Outfitters from a hold rating to a buy rating in a research report on Tuesday, January 31st. Goldman Sachs Group, Inc. (The) cut Urban Outfitters from a neutral rating to a sell rating and set a $22.00 price objective for the company. in a research report on Thursday, February 2nd. Mizuho cut their price objective on Urban Outfitters from $27.00 to $26.00 and set a neutral rating for the company in a research report on Wednesday, February 8th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $32.00 price objective (down previously from $34.00) on shares of Urban Outfitters in a research report on Wednesday, February 8th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $26.22.

Urban Outfitters (NASDAQ URBN) traded down 0.50% during trading on Tuesday, hitting $18.09. 4,449,163 shares of the stock traded hands. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $40.80. The stock has a market cap of $2.09 billion, a P/E ratio of 10.56 and a beta of 0.63. The firm’s 50-day moving average is $20.13 and its 200-day moving average is $24.95.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, May 16th. The apparel retailer reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $761.20 million during the quarter, compared to analysts’ expectations of $768.95 million. Urban Outfitters had a return on equity of 15.88% and a net margin of 5.66%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. On average, analysts forecast that Urban Outfitters will post $1.44 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the stock. Miles Capital Inc. raised its position in Urban Outfitters by 0.8% in the first quarter. Miles Capital Inc. now owns 8,470 shares of the apparel retailer’s stock valued at $201,000 after buying an additional 70 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Urban Outfitters by 3.0% in the third quarter. Pacer Advisors Inc. now owns 10,500 shares of the apparel retailer’s stock valued at $362,000 after buying an additional 306 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Urban Outfitters by 1.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 25,239 shares of the apparel retailer’s stock valued at $719,000 after buying an additional 404 shares during the last quarter. Tdam USA Inc. increased its stake in shares of Urban Outfitters by 1.8% in the first quarter. Tdam USA Inc. now owns 23,363 shares of the apparel retailer’s stock valued at $555,000 after buying an additional 417 shares during the last quarter. Finally, American International Group Inc. increased its stake in shares of Urban Outfitters by 2.1% in the third quarter. American International Group Inc. now owns 32,077 shares of the apparel retailer’s stock valued at $1,107,000 after buying an additional 666 shares during the last quarter. 83.14% of the stock is currently owned by institutional investors and hedge funds.

About Urban Outfitters

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

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