Urban Outfitters (URBN) : Zacks Investment Research ranks Urban Outfitters (URBN) as 1, which is a Strong Buy recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 14 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 23 research analysts is 2.26, which indicates as a Buy.
Urban Outfitters (URBN) : 19 Wall Street analysts covering Urban Outfitters (URBN) believe that the average level the stock could reach for the short term is $37.16. The maximum price target given is $45 and the minimum target for short term is around $31, hence the standard deviation is calculated at $4.13.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Goldman Sachs downgrades its rating on Urban Outfitters (NASDAQ:URBN). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at Goldman Sachs raises the price target from $33 per share to $35 per share. The rating by the firm was issued on August 22, 2016.
Urban Outfitters (NASDAQ:URBN): The stock opened at $35.85 and touched an intraday high of $36.15 on Wednesday. During the day, the stock corrected to an intraday low of $35.2, however, the bulls stepped in and pushed the price higher to close in the green at $35.85 with a gain of 1.88% for the day. The total traded volume for the day was 3,992,317. The stock had closed at $35.19 in the previous trading session.
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 Companys Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Companys 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 womens contemporary casual apparel.