Urban Outfitters, Inc. Maintains 'Hold' Rating Amid Varied Analyst Perspectives

Market analysts have collectively assigned a 'Hold' rating to Urban Outfitters, Inc. (NASDAQ:URBN), according to MarketBeat.com. Out of ten firms currently monitoring the stock, seven advocate a 'Hold' stance, while three endorse it as a 'Buy'. Analysts have also set a consensus one-year price target of $38.09 for the retail company.

Recent Analyst Insights

Several financial research analysts have recently shared their evaluations of Urban Outfitters. Morgan Stanley maintained an 'equal weight' rating but lowered its price target from $42.00 to $36.00. Telsey Advisory Group, on the other hand, holds an 'outperform' rating with a $44.00 price target. UBS Group shifted its recommendation, upgrading Urban Outfitters from 'sell' to 'neutral' and raising the price target from $21.00 to $41.00. Meanwhile, StockNews.com adjusted its rating from 'buy' to 'hold'.

Urban Outfitters Financial Performance

Urban Outfitters experienced a propitious period, with its recent quarterly earnings exceeding expectations. The company reported an earnings per share (EPS) of $0.88, which was higher than the anticipated $0.82. Total revenue stood at $1.28 billion, marginally surpassing the forecast of $1.26 billion. The company has witnessed a 9.0% year-over-year increase in revenue and currently predicts an EPS of 3.25 for the fiscal year. Urban Outfitter's stock opened at $44.80, with a market valuation of $4.16 billion and a P/E ratio of 15.56.

Institutional Movements

Institutional investors have shown varied interest in Urban Outfitters, with some increasing and others reducing their stakes. Captrust Financial Advisors and Parallel Advisors significantly upped their holdings, while Point72 Asset Management and Castleview Partners initiated new positions in the stock. Overall, institutional investors and hedge funds own about 70.21% of Urban Outfitters' shares.

About the Company

Urban Outfitters, Inc. operates in the retail and wholesale markets, targeting young adults with its Urban Outfitters stores and a slightly older demographic through Anthropologie. The company's diverse product range includes fashion apparel, accessories, home goods, and beauty products.

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Urban, Outfitters, Analysts