Urban Outfitters (URBN) was Upgraded by Morgan Stanley to ” Overweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on May 20, 2016.
Many Wall Street Analysts have commented on Urban Outfitters. Shares were Reiterated by Mizuho on May 19, 2016 to “Neutral” and Lowered the Price Target to $ 28 from a previous price target of $30 .Shares were Reiterated by Stifel on May 19, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $38 .Shares were Reiterated by Wedbush on May 19, 2016 to “Neutral” and Lowered the Price Target to $ 30 from a previous price target of $31 .
On the company’s financial health, Urban Outfitters reported $0.25 EPS for the quarter, based on the information available during the earnings call on May 18, 2016. Analyst had a consensus estimate of $0.25. The company had revenue of $762.58 million for the quarter, compared to analysts expectations of $758.87 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Urban Outfitters opened for trading at $27.09 and hit $28.19 on the upside on Thursday, eventually ending the session at $28.01, with a gain of 13.91% or 3.42 points. The heightened volatility saw the trading volume jump to 94,24,347 shares. Company has a market cap of $3,288 M.
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.