Urban Outfitters Inc Stock Forecast:
According to a stock forecast from 10 analysts, the average target price for Urban Outfitters Inc over the next 12 months is estimated to be USD 29.15. This suggests a potential increase in the stock’s value. The average analyst rating for Urban Outfitters Inc is “Buy,” indicating positive sentiment among analysts regarding the company’s prospects.
Stock Target Advisor, has a slightly bearish outlook on Urban Outfitters Inc. They have identified three positive signals and five negative signals, which have led them to adopt a cautious stance on the stock.
As of the last closing, Urban Outfitters Inc’s stock price stood at USD 26.66. This means that the current stock price is below the average target price provided by the analysts. It’s important to note that stock prices are subject to fluctuations in the market and can deviate from analysts’ predictions.
Looking at the recent performance, Urban Outfitters Inc’s stock price has experienced a decrease of -1.62% over the past week and -0.49% over the past month. However, over the last year, the stock has shown significant growth with an increase of +36.44%.
Analysts Coverage Change:
- Barclays upgrades Urban Outfitters Inc. stock to “Overweight” from “Equal-Weight” and raises the target price to $38 rom $27.
- Telsey Advisory Group maintains an “Outperform” rating on Urban Outfitters and raises the target price to $35 from $34.
- Wells Fargo & Company maintains an “Equal-Weight” rating on Urban Outfitters and raises the target price to $30 from $25.
- Citigroup maintains a “Buy” rating on Urban Outfitters and raises the target price to $36 from $32.
Urban Outfitters Inc. News:
Urban Outfitters Inc (URBN:NSD) delighted investors on Tuesday as it released its quarterly results, exceeding Wall Street estimates and driving the company’s stock price up by over 12.5% in pre-market trading on Wednesday.
The popular retailer reported earnings of 56 cents per share on revenue of $1.11 billion for the quarter. These figures surpassed analysts’ expectations, which had projected earnings of 36 cents per share on revenue of $1.09 billion. The strong performance in both earnings and revenue highlights Urban Outfitters’ ability to effectively navigate the challenges faced by the retail industry.
One of the key drivers behind the impressive financial results was a notable improvement in the company’s gross profit rate. Urban Outfitters reported a 260 basis points increase in gross profit rate, which was largely attributed to higher markups and a decrease in inventory levels. These factors not only contributed to the overall improvement in margins but also indicated the retailer’s effective inventory management strategy.