Telsey Advisory Group Maintains Outperform Rating for Urban Outfitters: Here's What You Need To Know

Telsey Advisory Group has decided to maintain its Outperform rating of Urban Outfitters URBN and raise its price target from $35.00 to $41.00.

Shares of Urban Outfitters are trading down 0.96% over the last 24 hours, at $36.04 per share.

A move to $41.00 would account for a 13.76% 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.

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