Urban Outfitters (URBN) Receives a Buy from Morgan Stanley


Morgan Stanley analyst Kimberly Greenberger maintained a Buy rating on Urban Outfitters (URBN) today and set a price target of $29.00. The company’s shares closed last Monday at $21.40, close to its 52-week low of $19.63.

According to TipRanks.com, Greenberger is a 5-star analyst with an average return of 11.0% and a 65.0% success rate. Greenberger covers the Services sector, focusing on stocks such as Burlington Stores, Capri Holdings, and TJX Companies.

Currently, the analyst consensus on Urban Outfitters is a Hold with an average price target of $25.18, representing a 17.1% upside. In a report released yesterday, Merrill Lynch also maintained a Buy rating on the stock with a $28.00 price target.

See today’s analyst top recommended stocks >>

Based on Urban Outfitters’ latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $19.54 million. In comparison, last year the company had a net profit of $86.41 million.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts