Wells Fargo Stick to Their Hold Rating for Urban Outfitters
Investing.com
Published Oct 15, 2021 08:27AM ET
Wells Fargo (NYSE:WFC) analyst Ike Boruchow maintained a Hold rating on Urban Outfitters (NASDAQ:URBN) on Friday, setting a price target of $36, which is approximately 19.13% above the present share price of $30.22.
Boruchow expects Urban Outfitters to post earnings per share (EPS) of $1.29 for the fourth quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Urban Outfitters, with an average price target of $43.3.
The analysts price targets range from a high of $53 to a low of $36.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $1.16 billion and a net profit of $165.85 million. The company's market cap is $2.97 billion.
According to TipRanks.com, Wells Fargo analyst Ike Boruchow is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.8% and a 49.01% success rate.
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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