Urban Outfitters (URBN) Receives a Buy from Jefferies

In a report released yesterday, Corey Tarlowe from Jefferies maintained a Buy rating on Urban Outfitters (URBNResearch Report), with a price target of $32.00. The company’s shares closed yesterday at $26.99.

Tarlowe covers the Consumer Goods sector, focusing on stocks such as Target, TJX Companies, and Walmart. According to TipRanks, Tarlowe has an average return of 5.6% and a 58.43% success rate on recommended stocks.

Currently, the analyst consensus on Urban Outfitters is a Moderate Buy with an average price target of $28.06, a 3.96% upside from current levels. In a report released on January 11, Citigroup also maintained a Buy rating on the stock with a $33.00 price target.

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Based on Urban Outfitters’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.18 billion and a net profit of $37.23 million. In comparison, last year the company earned a revenue of $1.13 billion and had a net profit of $88.86 million

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Urban Outfitters, Inc. engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. It operates through the Retail, and Wholesale segments. The Retail segment contains the Anthropologie, Bhldn, Free People, Terrain, and Urban Outfitters brands; and its Food and Beverage division. The Wholesale segment designs, develops, and markets apparel, intimates, active wear, and home goods under the Free People, Anthropologie, and Urban Outfitters brands. The company was founded by Richard A. Hayne and Scott A. Belair in 1970 and is headquartered at Philadelphia, PA.

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