Urban Outfitters (URBN) : 23 analysts are covering Urban Outfitters (URBN) and their average rating on the stock is 2.35, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Urban Outfitters (URBN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 15 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Urban Outfitters (URBN) : The highest level Urban Outfitters (URBN) is projected to reach is $40 for the short term and the lowest estimate is at $26. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $31.47 and the possibility the share price can swing is $3.95.
Urban Outfitters (NASDAQ:URBN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.38 and $27.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.17, notching a gain of 2.03% for the day. The total traded volume was 3,337,041 . The stock had closed at $27.61 on the previous day.
Also, In the latest statement by the brokerage house, Morgan Stanley upgrades its outlook on Urban Outfitters (NASDAQ:URBN). The current rating of the shares is Overweight, according to the research report released by the firm. Previously, the company had a rating of Equal-weight. The brokerage firm maintains the price target at $32 per share. The rating by the firm was issued on May 20, 2016. The company shares have dropped -22.01% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $36.99 and the one year low was seen on Nov 17, 2015. The 50-Day Moving Average price is $27.30 and the 200 Day Moving Average price is recorded at $27.35.
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.