Urban Outfitters, Inc. (NASDAQ:URBN) – Stock analysts at Jefferies Group lowered their Q4 2018 earnings estimates for Urban Outfitters in a research report issued on Tuesday, according to Zacks Investment Research. Jefferies Group analyst R. Konik now forecasts that the apparel retailer will post earnings of $0.63 per share for the quarter, down from their prior forecast of $0.64. Jefferies Group has a “Buy” rating and a $40.00 price objective on the stock. Jefferies Group also issued estimates for Urban Outfitters’ FY2019 earnings at $1.79 EPS.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data 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. The business had revenue of $892.77 million during the quarter, compared to analyst estimates of $860.64 million. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS.
URBN has been the subject of several other research reports. JPMorgan Chase & Co. upgraded Urban Outfitters from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 21st. Wolfe Research upgraded Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Wednesday, November 15th. Nomura restated a “neutral” rating and issued a $30.00 price target (up previously from $26.00) on shares of Urban Outfitters in a research note on Wednesday, January 17th. SunTrust Banks restated a “buy” rating and issued a $40.00 price target on shares of Urban Outfitters in a research note on Friday. Finally, Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.56.
Urban Outfitters (NASDAQ:URBN) opened at $32.62 on Thursday. The firm has a market capitalization of $3,531.05, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.44 and a beta of 0.62. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $36.10.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in URBN. Legal & General Group Plc lifted its holdings in Urban Outfitters by 7.9% in the second quarter. Legal & General Group Plc now owns 112,143 shares of the apparel retailer’s stock valued at $2,079,000 after acquiring an additional 8,231 shares during the last quarter. Comerica Bank lifted its holdings in Urban Outfitters by 0.9% in the second quarter. Comerica Bank now owns 70,163 shares of the apparel retailer’s stock valued at $1,226,000 after acquiring an additional 642 shares during the last quarter. Royce & Associates LP lifted its holdings in Urban Outfitters by 41.7% in the second quarter. Royce & Associates LP now owns 85,000 shares of the apparel retailer’s stock valued at $1,576,000 after acquiring an additional 25,000 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Urban Outfitters by 245.3% in the second quarter. Prudential Financial Inc. now owns 453,204 shares of the apparel retailer’s stock valued at $8,402,000 after acquiring an additional 321,960 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Urban Outfitters by 6.4% in the second quarter. Pacer Advisors Inc. now owns 13,090 shares of the apparel retailer’s stock valued at $243,000 after acquiring an additional 789 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.
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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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