Urban Outfitters, Inc. (NASDAQ:URBN) – Equities researchers at B. Riley decreased their FY2020 earnings per share (EPS) estimates for Urban Outfitters in a report released on Wednesday, May 22nd. B. Riley analyst S. Anderson now anticipates that the apparel retailer will earn $2.54 per share for the year, down from their previous estimate of $2.73. B. Riley currently has a “Buy” rating and a $38.00 target price on the stock.
A number of other equities research analysts have also issued reports on URBN. Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 target price (down previously from $33.00) on shares of Urban Outfitters in a report on Wednesday. Robert W. Baird dropped their target price on shares of Urban Outfitters from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday. Zacks Investment Research lowered shares of Urban Outfitters from a “hold” rating to a “sell” rating in a report on Tuesday, February 26th. BidaskClub raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, ValuEngine lowered shares of Urban Outfitters from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Urban Outfitters presently has a consensus rating of “Hold” and a consensus target price of $38.79.
Urban Outfitters stock opened at $24.34 on Thursday. Urban Outfitters has a 52-week low of $24.06 and a 52-week high of $52.50. The firm has a market cap of $2.80 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.93 and a beta of 0.53.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.02%. The business had revenue of $864.41 million during the quarter, compared to analyst estimates of $857.31 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in Urban Outfitters in the fourth quarter valued at about $31,000. Bessemer Group Inc. lifted its position in Urban Outfitters by 105.5% in the fourth quarter. Bessemer Group Inc. now owns 972 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 499 shares during the last quarter. Parallel Advisors LLC lifted its position in Urban Outfitters by 114.9% in the first quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock valued at $35,000 after buying an additional 631 shares during the last quarter. Pearl River Capital LLC acquired a new position in Urban Outfitters in the fourth quarter valued at about $40,000. Finally, Signaturefd LLC lifted its position in Urban Outfitters by 178.1% in the first quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock valued at $37,000 after buying an additional 789 shares during the last quarter. 71.91% of the stock is currently owned by institutional investors.
In other Urban Outfitters news, COO Calvin Hollinger sold 23,813 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $29.13, for a total value of $693,672.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Trish Donnelly sold 9,144 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $34.00, for a total transaction of $310,896.00. Following the completion of the transaction, the chief executive officer now directly owns 10,295 shares in the company, valued at approximately $350,030. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,200 shares of company stock worth $3,237,851. Corporate insiders own 24.80% of the company’s stock.
About Urban Outfitters
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.
See Also: Catch-Up Contributions
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.