KeyCorp Comments on Urban Outfitters, Inc.’s Q2 2019 Earnings (URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) – Research analysts at KeyCorp upped their Q2 2019 earnings per share (EPS) estimates for shares of Urban Outfitters in a note issued to investors on Thursday. KeyCorp analyst E. Yruma now forecasts that the apparel retailer will post earnings per share of $0.53 for the quarter, up from their prior forecast of $0.52. KeyCorp has a “Buy” rating on the stock. KeyCorp also issued estimates for Urban Outfitters’ Q4 2019 earnings at $0.73 EPS and FY2019 earnings at $1.97 EPS.

Other equities research analysts also recently issued reports about the stock. B. Riley restated a “neutral” rating on shares of Urban Outfitters in a research report on Wednesday, November 1st. Wolfe Research upgraded shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Wednesday, November 15th. SunTrust Banks set a $35.00 price objective on shares of Urban Outfitters and gave the stock a “buy” rating in a research report on Monday, December 11th. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 21st. Finally, Alere Financial restated a “neutral” rating and set a $24.00 price objective (up from $19.00) on shares of Urban Outfitters in a research report on Wednesday, November 22nd. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.62.

Shares of Urban Outfitters (NASDAQ:URBN) traded down $0.53 during mid-day trading on Monday, reaching $33.70. 2,460,700 shares of the company’s stock traded hands, compared to its average volume of 2,579,340. The firm has a market capitalization of $3,705.35, a P/E ratio of 22.37, a PEG ratio of 1.48 and a beta of 0.62. Urban Outfitters has a 1 year low of $16.19 and a 1 year high of $36.10.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The business had revenue of $892.77 million during the quarter, compared to analysts’ expectations of $860.64 million. During the same quarter last year, the company posted $0.40 earnings per share. Urban Outfitters’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. Thrivent Financial For Lutherans grew its stake in shares of Urban Outfitters by 7.2% during the second quarter. Thrivent Financial For Lutherans now owns 17,870 shares of the apparel retailer’s stock worth $331,000 after buying an additional 1,200 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Urban Outfitters by 2.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 65,809 shares of the apparel retailer’s stock worth $2,307,000 after buying an additional 1,514 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 buying an additional 1,522 shares during the last quarter. ING Groep NV grew its stake in shares of Urban Outfitters by 21.4% during the fourth quarter. ING Groep NV now owns 12,087 shares of the apparel retailer’s stock worth $424,000 after buying an additional 2,133 shares during the last quarter. Finally, Osborne Partners Capital Management LLC grew its stake in shares of Urban Outfitters by 1.4% during the fourth quarter. Osborne Partners Capital Management LLC now owns 163,075 shares of the apparel retailer’s stock worth $5,717,000 after buying an additional 2,275 shares during the last quarter. 83.54% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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