Urban Outfitters (URBN) Gets a Hold from Wells Fargo
In a report released yesterday, Ike Boruchow from Wells Fargo maintained a Hold rating on Urban Outfitters, with a price target of $90.00. The company’s shares closed yesterday at $73.16.
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According to TipRanks, Boruchow is a 4-star analyst with an average return of 5.1% and a 50.10% success rate. Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Ross Stores, Tapestry, and Bath & Body Works.
Urban Outfitters has an analyst consensus of Moderate Buy, with a price target consensus of $88.36, which is a 20.78% upside from current levels. In a report released on January 12, Citi also maintained a Hold rating on the stock with a $80.00 price target.
Based on Urban Outfitters’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.53 billion and a net profit of $116.44 million. In comparison, last year the company earned a revenue of $1.36 billion and had a net profit of $102.91 million
Read More on URBN:
Disclaimer & DisclosureReport an Issue
- Balanced Risk-Reward at Urban Outfitters: Operational Momentum Offset by Margin Headwinds Supports Hold Rating
- Urban Outfitters: Holiday Outperformance, Brand Momentum, and Nuuly Growth Support Buy Rating Despite Near-Term Margin Pressure
- Urban Outfitters Reports Record Holiday Sales Growth
- Urban Outfitters reports 2 month net sales increased 9% vs last year
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