BMO Capital Maintains Market Perform Rating for Urban Outfitters: Here's What You Need To Know

BMO Capital has decided to maintain its Market Perform rating of Urban Outfitters URBN and raise its price target from $25.00 to $31.00.

Shares of Urban Outfitters are trading up 16.17% over the last 24 hours, at $30.97 per share.

A move to $31.00 would account for a 0.1% increase from the current share price.

About Urban Outfitters

Founded in 1970, Philadelphia-based Urban Outfitters is an apparel and home goods retailer that operates about 700 stores and e-commerce in North America (87% of fiscal 2023 sales) and other regions. Its retail nameplates are Urban Outfitters, Free People, FP Movement, and Anthropologie. Retail accounted for 92% of its fiscal 2023 revenue, but it also sells products through a wholesale operation, owns some restaurants, and operates a clothing rental and resale business called Nuuly. Urban Outfitters primarily markets to young adults and offers products in categories such as apparel (63% of fiscal 2023 sales), home goods (19% of sales), accessories (13% of sales), and more.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.