In a report released today, Adrienne Tennant from Wolfe Research maintained a Buy rating on Urban Outfitters (URBN – Research Report), with a price target of $42. The company’s shares opened today at $32.62, close to its 52-week low of $31.20.
According to TipRanks.com, Tennant is a 4-star analyst with an average return of 4.2% and a 51.2% success rate. Tennant covers the Services sector, focusing on stocks such as Bed Bath & Beyond, Children’s Place, and Stitch Fix Inc.
Urban Outfitters has an analyst consensus of Moderate Buy, with a price target consensus of $44.55, implying a 36.6% upside from current levels. In a report issued on January 9, Morgan Stanley also upgraded the stock to Buy with a $44 price target.
Urban Outfitters’ market cap is currently $3.5B and has a P/E ratio of 16.88. The company has a Price to Book ratio of 2.40.
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Urban Outfitters, Inc. engages in the operation of retail clothing stores and sale of general merchandise. It operates through the Retail and Wholesale segments.