In a report released today, Susan Anderson from B.Riley FBR maintained a Hold rating on Urban Outfitters (NASDAQ: URBN), with a price target of $42. The company’s shares closed yesterday at $40.80, close to its 52-week high of $43.58.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 4.2% and a 54.4% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.
Currently, the analyst consensus on Urban Outfitters is Moderate Buy and the average price target is $43.23, representing a 6.0% upside.
In a report issued on May 16, MKM Partners also upgraded the stock to Hold with a $41 price target.
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Urban Outfitters’ market cap is currently $4.43B and has a P/E ratio of 32.90. The company has a Price to Book ratio of 3.29.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Harry Cherken, a Director at URBN bought 20,000 shares for a total of $609,800.
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.
