Oppenheimer Assigned a Hold Rating to Urban Outfitters

By Ryan Adsit

In a report released yesterday, Anna Andreeva from Oppenheimer assigned a Hold rating to Urban Outfitters (NASDAQ: URBN). The company’s shares closed yesterday at $39.01, close to its 52-week high of $40.80.

According to TipRanks.com, Andreeva is a 3-star analyst with an average return of 1.5% and a 44.2% success rate. Andreeva covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Children’s Place.

Currently, the analyst consensus on Urban Outfitters is Moderate Buy and the average price target is $39.50, representing a 1.3% upside.

In a report issued on November 17, Morgan Stanley also downgraded the stock to Hold with a $39 price target.

Based on Urban Outfitters’ latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $891 million and quarterly net profit of $76.92 million. In comparison, last year the company earned revenue of $825 million and had a net profit of $51.99 million.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, Frank Conforti, the Chief Financial Officer of URBN sold 4,000 shares for a total of $149,680.

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.