Urban Outfitters, Inc. (NASDAQ:URBN) – Stock analysts at KeyCorp increased their Q2 2019 EPS estimates for Urban Outfitters in a research note issued to investors on Wednesday. KeyCorp analyst E. Yruma now forecasts that the apparel retailer will post earnings of $0.52 per share for the quarter, up from their prior forecast of $0.47. KeyCorp has a “Buy” rating on the stock. KeyCorp also issued estimates for Urban Outfitters’ Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.71 EPS and FY2019 earnings at $1.94 EPS.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. The business had revenue of $892.77 million during 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%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share.
URBN has been the subject of a number of other research reports. JPMorgan Chase & Co. raised shares of Urban Outfitters from a “neutral” rating to an “overweight” rating in a report on Tuesday, November 21st. Wolfe Research raised shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Wednesday, November 15th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $21.00 price target on shares of Urban Outfitters in a report on Monday, September 18th. Deutsche Bank cut shares of Urban Outfitters from a “hold” rating to a “sell” rating and decreased their price target for the stock from $23.00 to $19.00 in a report on Tuesday, October 3rd. Finally, Zacks Investment Research raised shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have issued a buy rating to the company’s stock. Urban Outfitters currently has an average rating of “Hold” and an average price target of $26.10.
Urban Outfitters (NASDAQ URBN) traded up $0.40 during midday trading on Friday, hitting $34.64. 2,149,986 shares of the company’s stock were exchanged, compared to its average volume of 3,248,122. The stock has a market capitalization of $3,750.00, a PE ratio of 23.09, a P/E/G ratio of 1.83 and a beta of 0.73. Urban Outfitters has a fifty-two week low of $16.19 and a fifty-two week high of $36.10.
A number of hedge funds have recently added to or reduced their stakes in URBN. Shapiro Capital Management LLC grew its position in Urban Outfitters by 586.5% during the second quarter. Shapiro Capital Management LLC now owns 8,827,740 shares of the apparel retailer’s stock valued at $163,666,000 after buying an additional 7,541,840 shares during the period. Senvest Management LLC acquired a new stake in Urban Outfitters during the third quarter valued at $36,629,000. Dimensional Fund Advisors LP grew its position in Urban Outfitters by 84.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,199,015 shares of the apparel retailer’s stock valued at $59,310,000 after buying an additional 1,462,130 shares during the period. Lord Abbett & CO. LLC grew its position in Urban Outfitters by 59.2% during the second quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock valued at $33,928,000 after buying an additional 680,511 shares during the period. Finally, Majedie Asset Management Ltd acquired a new stake in Urban Outfitters during the third quarter valued at $11,960,000. Institutional investors own 86.24% of the company’s stock.
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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