KeyCorp Analysts Boost Earnings Estimates for Urban Outfitters, Inc. (URBN)
Urban Outfitters, Inc. (NASDAQ:URBN) – Equities researchers at KeyCorp lifted their Q4 2018 earnings estimates for Urban Outfitters in a research note issued to investors on Monday. KeyCorp analyst E. Yruma now anticipates that the apparel retailer will earn $0.62 per share for the quarter, up from their previous forecast of $0.61. KeyCorp currently has a “Buy” rating on the stock. KeyCorp also issued estimates for Urban Outfitters’ Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.67 EPS and FY2019 earnings at $1.74 EPS.
Other equities research analysts also recently issued reports about the company. B. Riley restated a “neutral” rating on shares of Urban Outfitters in a research report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and issued a $35.00 target price on shares of Urban Outfitters in a research report on Friday. Wolfe Research upgraded Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Wednesday, November 15th. BidaskClub raised Urban Outfitters from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, 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. Three investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Urban Outfitters has an average rating of “Hold” and a consensus price target of $25.20.
Urban Outfitters (URBN) traded up $0.47 on Wednesday, reaching $32.78. The company’s stock had a trading volume of 3,189,938 shares, compared to its average volume of 3,444,977. The firm has a market capitalization of $3,600.00, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.75 and a beta of 0.73. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $34.00.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The firm had revenue of $892.77 million during the quarter, compared to the consensus estimate of $860.64 million. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share.
Urban Outfitters declared that its board has authorized a share buyback program on Thursday, August 24th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
Several hedge funds and other institutional investors have recently bought and sold shares of URBN. Capstone Asset Management Co. increased its stake in shares of Urban Outfitters by 2.5% in the second quarter. Capstone Asset Management Co. now owns 15,738 shares of the apparel retailer’s stock worth $292,000 after acquiring an additional 380 shares during the last quarter. Aperio Group LLC acquired a new position in shares of Urban Outfitters in the second quarter worth $370,000. Russell Investments Group Ltd. increased its stake in shares of Urban Outfitters by 11.0% in the second quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock worth $2,577,000 after acquiring an additional 13,795 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Urban Outfitters by 306.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 33,360 shares of the apparel retailer’s stock worth $618,000 after acquiring an additional 25,150 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Urban Outfitters by 23.1% in the second quarter. Janney Montgomery Scott LLC now owns 17,906 shares of the apparel retailer’s stock worth $332,000 after acquiring an additional 3,357 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.
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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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