In a report released today, Brian Nagel from Oppenheimer maintained a Hold rating on Urban Outfitters (NASDAQ: URBN). The company’s shares opened today at $48.05, close to its 52-week high of $52.50.
According to TipRanks.com, Nagel is a 5-star analyst with an average return of 10.4% and a 66.6% success rate. Nagel covers the Services sector, focusing on stocks such as Weight Watchers International, Lululemon Athletica Inc, and Dick’s Sporting Goods.
Currently, the analyst consensus on Urban Outfitters is a Hold with an average price target of $49.67, implying a 3.4% upside from current levels. In a report issued on August 22, B.Riley FBR also reiterated a Hold rating on the stock with a $52 price target.
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Based on Urban Outfitters’ latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $92.81 million. In comparison, last year the company had a net profit of $49.92 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2018, Joel Lawson, a Director at URBN sold 10,000 shares for a total of $456,600.
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 and sale of general merchandise. It operates through the Retail and Wholesale segments.
