Jefferies Thinks Urban Outfitters’ Stock is Going to Recover

By Carrie Williams

In a report released today, Randal Konik from Jefferies reiterated a Buy rating on Urban Outfitters (NASDAQ: URBN), with a price target of $30. The company’s shares opened today at $19.90, close to its 52-week low of $19.65.

According to TipRanks.com, Konik is a 1-star analyst with an average return of -0.7% and a 44.5% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and Acushnet Holdings.

Urban Outfitters has an analyst consensus of Hold, with a price target consensus of $24.55.

Urban Outfitters’ market cap is currently $2.38B and has a P/E ratio of 11. The company has a book value ratio of 1.8111.

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Urban Outfitters, Inc. engages in the operation of retail clothing stores. It operates through the following segments: Retail and Wholesale. The Retail segment offers merchandise directly through stores, catalogues, call centers, & websites, and consists of the brands Urban Outfitters, Anthropologie, Free People, Terrain, and Bhldn. The Wholesale segment designs, develops, and distributes women’s casual wear under the Free People brand. The company was founded by Richard A. Hayne and Scott A. Belair in 1970 and is headquartered at Philadelphia, PA.