Urban Outfitters (URBN) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $30 . RBC Capital Mkts advised their investors in a research report released on Apr 14, 2016.
Many Wall Street Analysts have commented on Urban Outfitters. Company shares were Reiterated by Stifel on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $34 .Company shares were Reiterated by Mizuho on Mar 8, 2016 to “Neutral”, Firm has raised the Price Target to $ 30 from a previous price target of $20 .Company shares were Reiterated by Telsey Advisory Group on Mar 8, 2016 to “Market Perform”, Firm has raised the Price Target to $ 35 from a previous price target of $23 .
On the company’s financial health, Urban Outfitters reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 7, 2016. Analyst had a consensus of $0.56. The company had revenue of $1013.00 million for the quarter, compared to analysts expectations of $1019.71 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.
Urban Outfitters closed down -0.51 points or -1.68% at $29.93 with 29,67,139 shares getting traded on Monday. Post opening the session at $30.65, the shares hit an intraday low of $29.89 and an intraday high of $30.6602 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Apr 6, 2016, Robert H Strouse (director) sold 30,000 shares at $33.92 per share price. According to the SEC, on Apr 15, 2015, Tedford G Marlow (CEO, Urban Outfitters Group) sold 50,000 shares at $44.00 per share price. On Apr 14, 2015, Calvin Hollinger (Chief Administrative Officer) sold 8,699 shares at $44.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Urban Outfitters Inc. (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters Anthropologie Group Free People and Terrain brands whose merchandise is sold directly to the Company’s customers through retail stores Websites mobile applications catalogs and customer contact centers. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs develops and markets young women’s contemporary casual apparel.