In a report released today, Adrienne Tennant from Wolfe Research maintained a Buy rating on Urban Outfitters (URBN), 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.
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.