In a report released today, Richard Chamberlain from RBC Capital reiterated a Hold rating on Urban Outfitters (NASDAQ: URBN), with a price target of $22. The company’s shares opened today at $21.60, close to its 52-week low of $21.55.
According to TipRanks.com, Chamberlain is a 2-star analyst with an average return of 0.7% and a 45.1% success rate. Chamberlain covers the Services sector, focusing on stocks such as Ascena Retail Group, Wal-Mart Stores Inc, and Abercrombie Fitch.
Urban Outfitters has an analyst consensus of Hold, with a price target consensus of $26.10.
Urban Outfitters’ market cap is currently $2.51B and has a P/E ratio of 11.62. The company has a book value ratio of 1.9129.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, Frank Conforti, the Chief Financial Officer of URBN sold 4,000 shares for a total of $149,680.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Urban Outfitters, Inc. engages in the operation of retail clothing stores. It operates through the following segments: Retail and Wholesale. The Retail segment offers merchandise directly through stores, catalogues, call centers, & websites, and consists of the brands Urban Outfitters, Anthropologie, Free People, Terrain, and Bhldn. The Wholesale segment designs, develops, and distributes women’s casual wear under the Free People brand. The company was founded by Richard A. Hayne and Scott A. Belair in 1970 and is headquartered at Philadelphia, PA.