Robert W. Baird Believes Urban Outfitters (NASDAQ: URBN) Won’t Stop Here

By Carrie Williams

In a report issued on December 21, Mark Altschwager from Robert W. Baird reiterated a Buy rating on Urban Outfitters (NASDAQ: URBN), with a price target of $39. The company’s shares closed yesterday at $34.72, close to its 52-week high of $35.30.

According to TipRanks.com, Altschwager is a 2-star analyst with an average return of 0.3% and a 43.4% success rate. Altschwager covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Nordstrom Inc.

Currently, the analyst consensus on Urban Outfitters is Moderate Buy and the average price target is $31.18, representing a -10.2% downside.

In a report issued on December 11, SunTrust Robinson also reiterated a Buy rating on the stock with a $35 price target.

The company has a one-year high of $35.30 and a one-year low of $16.19. Currently, Urban Outfitters has an average volume of 2.96M.

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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.