Urban Outfitters, Inc. (NASDAQ:URBN) – William Blair decreased their FY2018 earnings per share estimates for Urban Outfitters in a report released on Tuesday, Zacks Investment Research reports. William Blair analyst D. Carden now anticipates that the apparel retailer will post earnings per share of $1.56 for the year, down from their prior 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.
A number of other analysts have also recently commented on URBN. Zacks Investment Research upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 17th. Royal Bank of Canada set a $21.00 target price on Urban Outfitters and gave the stock a “hold” rating in a report on Monday, October 30th. Robert W. Baird restated a “buy” rating and issued a $24.00 price objective on shares of Urban Outfitters in a report on Wednesday, November 1st. B. Riley restated a “neutral” rating on shares of Urban Outfitters in a report on Wednesday, November 1st. Finally, Buckingham Research raised their price objective on Urban Outfitters from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.56.
Shares of Urban Outfitters (NASDAQ URBN) opened at $32.62 on Thursday. Urban Outfitters has a 1 year low of $16.19 and a 1 year high of $36.10. The company has a market cap of $3,530.00, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.82 and a beta of 0.62.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The company had revenue of $892.77 million for the quarter, compared to the consensus estimate of $860.64 million. During the same quarter in the prior year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont acquired a new position in shares of Urban Outfitters during the fourth quarter worth $110,000. Sun Life Financial INC acquired a new position in shares of Urban Outfitters during the second quarter worth $151,000. State of Alaska Department of Revenue acquired a new position in shares of Urban Outfitters during the fourth quarter worth $175,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Urban Outfitters by 42.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after purchasing an additional 1,522 shares during the period. Finally, Pacad Investment Ltd. acquired a new position in shares of Urban Outfitters during the second quarter worth $191,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.
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Urban Outfitters Company Profile
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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