Nomura Gives Positive Rating to Urban Outfitters (URBN)

By admin | 6 years ago

Urban Outfitters (NASDAQ: URBN)‘s stock had its “positive” rating reaffirmed by research analysts at Nomura (NYSE: NMR) in a report released on Tuesday.

Shares of Urban Outfitters traded down 2.06% during mid-day trading on Tuesday, hitting $27.52. 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 $3.985 billion and a P/E ratio of 23.44.

Urban Outfitters last announced its earnings results on Monday, May 21st. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.03. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Urban Outfitters will post $0.41 earnings per share next quarter.

URBN has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Urban Outfitters in a research note to investors on Tuesday. Separately, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Urban Outfitters in a research note to investors on Tuesday. Finally, analysts at Brean Murray raised their price target on shares of Urban Outfitters from $1.40 to $1.46 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.

About the author