Brean Murray Reiterates Sell on Urban Outfitters (URBN)
Shares of Urban Outfitters opened at 28.10 on Tuesday. Urban Outfitters has a 52 week low of $21.47 and a 52 week high of $33.90. The company has a market cap of $4.066 billion and a P/E ratio of 23.61.
Urban Outfitters last announced its earnings results on Monday, May 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Urban Outfitters will post $0.40 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group (NYSE: JEF) reiterated an “underperform” rating on shares of Urban Outfitters in a research note to investors on Tuesday. They now have a $17.00 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Urban Outfitters from $27.00 to $26.00 in a research note to investors on Tuesday. Finally, analysts at ISI Group raised their price target on shares of Urban Outfitters to $28.00 in a research note to investors on Tuesday.
Urban Outfitters, Inc. (Urban Outfitters) is a lifestyle specialty retail company, which operates under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands.