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Barclays Sticks to Its Hold Rating for Urban Outfitters (URBN)

Barclays analyst Adrienne Yih maintained a Hold rating on Urban Outfitters (URBNResearch Report) on August 5 and set a price target of $17.00. The company’s shares closed last Friday at $20.37.

Yih covers the Consumer Goods sector, focusing on stocks such as American Eagle, Burlington Stores, and Dick’s Sporting Goods. According to TipRanks, Yih has an average return of 0.6% and a 43.63% success rate on recommended stocks.

Currently, the analyst consensus on Urban Outfitters is a Hold with an average price target of $23.38, implying a 14.78% upside from current levels. In a report released on July 25, J.P. Morgan also maintained a Hold rating on the stock with a $20.00 price target.

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The company has a one-year high of $41.03 and a one-year low of $17.81. Currently, Urban Outfitters has an average volume of 2.58M.

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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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