Urban Outfitters, Inc. (NASDAQ:URBN) Assigned A Consensus Hold Rating
Urban Outfitters, Inc. (NASDAQ:URBN) stock is presently standing at about $24.21 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 27 analysts covering the company is $27.00, which suggests the stock could still rise over 10 percent. The highest analyst price target is $35.00, which implies a rally of 55 percent. And a quick view of analyst notes show that 2 are rating the stock a buy while 9 rate URBN a strong buy. There are 21 equity research firms advocating a Hold and 0 consider it Sell.
MKM Partners analysts provided their view on Urban Outfitters, Inc. (NASDAQ:URBN) recently. The rating firm issued a Sell rating to this company in a research note released on Feb 27, 2017. Goldman analysts disclosed their opinion on Urban Outfitters, Inc. (NASDAQ:URBN) recently. The rating firm gave a Sell rating to this stock in a research note published on Feb 02, 2017. According to a research note disclosed on Nov 23, 2016, analysts at Wunderlich have lowered their rating on these shares from Buy to Hold.
Urban Outfitters, Inc. (NASDAQ:URBN) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its General Counsel and Secretary Hayne Azeez sold 6,260 company shares for 250090, in a transaction on 2016-11-14. Following the transaction, the General Counsel and Secretary is left with a stake of 14,604 shares, currently valued at $353563. Meanwhile, CFO Conforti Frank sold 4,000 shares worth $149680, through a transaction dated 2016-08-19. Following the completion of the transaction, the insider is left with a stake of 480 shares, amounting $11620.8. URBN CFO Conforti Frank also sold 3,300 shares, at a stock price of $28.23. This transaction occurred on 2016-05-24 totals $93160. After this transaction, the insider’s stake stands at 449 shares, with a market value of $10870.
Executives hold 20.30 percent of the stock. Richard A. Hayne is one of the biggest insider owners in Urban Outfitters, Inc. (NASDAQ:URBN), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 17,561,064 shares which have current market value of around $425153359.44.Scott A. Belair is another major inside shareholder in the company. The insider owns 2,660,000 shares as of 2.29%, currently worth $64398600. Ms. Margaret A. Hayne is ranked as third insider holder of the stock. This insider holds 1,066,184 shares with a market value around $25812314.64 as of recent close.
Urban Outfitters, Inc. (NASDAQ:URBN) Earnings Outlook
In Urban Outfitters, Inc. (NASDAQ:URBN)’s latest quarter, EPS moved to $0.55 from $0.40 in preceding quarter and revenues reached at $1,030.16M compared to $862.49M. Analysts had expected Urban Outfitters, Inc. (NASDAQ:URBN) to post net income of about $0.56 per share on $1,044.06M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.13 to $0.24. That is compared with the $0.25 in EPS it reported during the same period a year ago.