Oppenheimer analyst Brian Nagel assigned a Hold rating to Urban Outfitters (URBN) today. The company’s shares closed last Tuesday at $30.65, close to its 52-week high of $32.86.
According to TipRanks.com, Nagel is a top 25 analyst with an average return of 28.8% and a 78.5% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Lululemon Athletica, and The Lovesac Company.
Currently, the analyst consensus on Urban Outfitters is a Moderate Buy with an average price target of $29.61, implying a -4.2% downside from current levels. In a report issued on November 17, Wells Fargo also downgraded the stock to Hold with a $28.00 price target.
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The company has a one-year high of $32.86 and a one-year low of $12.28. Currently, Urban Outfitters has an average volume of 2.26M.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of URBN in relation to earlier this year.
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 a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. It operates through the Retail, and Wholesale segments. The Retail segment contains the Anthropologie, Bhldn, Free People, Terrain, and Urban Outfitters brands; and its Food and Beverage division. The Wholesale segment designs, develops, and markets apparel, intimates, active wear, and home goods under the Free People, Anthropologie, and Urban Outfitters brands. The company was founded by Richard A. Hayne and Scott A. Belair in 1970 and is headquartered at Philadelphia, PA.
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