Urban Outfitters, Inc. (NASDAQ:URBN) – Equities researchers at William Blair dropped their FY2018 earnings estimates for Urban Outfitters in a research report issued to clients and investors on Tuesday. William Blair analyst D. Carden now forecasts that the apparel retailer will post earnings of $1.56 per share for the year, down from their previous estimate of $1.57. William Blair also issued estimates for Urban Outfitters’ Q4 2018 earnings at $0.62 EPS and Q4 2019 earnings at $0.66 EPS.
URBN has been the topic of a number of other reports. Zacks Investment Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 6th. Buckingham Research lifted their price objective on shares of Urban Outfitters from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Wells Fargo & Co reiterated a “market perform” rating and set a $28.00 price objective (up previously from $19.00) on shares of Urban Outfitters in a research note on Tuesday, November 21st. Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $21.00 price objective on shares of Urban Outfitters and gave the company a “hold” rating in a research note on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eleven have given a buy rating to the stock. Urban Outfitters currently has an average rating of “Hold” and an average target price of $26.03.
Shares of Urban Outfitters (URBN) traded up $0.57 during mid-day trading on Thursday, reaching $32.94. 2,726,500 shares of the company’s stock were exchanged, compared to its average volume of 3,488,214. The firm has a market capitalization of $3,590.00, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.83 and a beta of 0.73. Urban Outfitters has a 1 year low of $16.19 and a 1 year high of $36.10.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. The firm had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. Urban Outfitters’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share.
Large investors have recently modified their holdings of the stock. Empirical Finance LLC increased its stake in shares of Urban Outfitters by 45.9% in the third quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock worth $2,322,000 after buying an additional 30,559 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Urban Outfitters by 39.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock worth $572,000 after buying an additional 8,800 shares during the last quarter. Formula Growth Ltd. acquired a new position in Urban Outfitters in the second quarter worth $2,985,000. Legal & General Group Plc boosted its holdings in Urban Outfitters by 6.3% in the third quarter. Legal & General Group Plc now owns 119,189 shares of the apparel retailer’s stock worth $2,849,000 after purchasing an additional 7,046 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Urban Outfitters by 3.4% in the second quarter. California Public Employees Retirement System now owns 349,700 shares of the apparel retailer’s stock worth $6,483,000 after purchasing an additional 11,400 shares during the period. Institutional investors and hedge funds own 86.24% of the company’s stock.
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About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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