Urban Outfitters, Inc. (NASDAQ:URBN) – Analysts at KeyCorp increased their Q2 2019 earnings estimates for Urban Outfitters in a report issued on Thursday. KeyCorp analyst E. Yruma now expects that the apparel retailer will post earnings of $0.53 per share for the quarter, up from their previous 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.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.08. The firm had revenue of $892.77 million for 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 company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, October 17th. Jefferies Group raised their price objective on Urban Outfitters to $34.00 and gave the company a “buy” rating in a report on Tuesday, November 21st. Robert W. Baird set a $27.00 price objective on Urban Outfitters and gave the company a “buy” rating in a report on Saturday, November 18th. Buckingham Research raised their price objective on Urban Outfitters from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, SunTrust Banks set a $35.00 price objective on Urban Outfitters and gave the company a “buy” rating in a report on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.62.

Shares of Urban Outfitters (NASDAQ URBN) traded down $0.53 during midday trading on Monday, hitting $33.70. The stock had a trading volume of 2,460,700 shares, compared to its average volume of 2,579,340. The company has a market cap of $3,705.35, a PE ratio of 22.37, a price-to-earnings-growth ratio of 1.48 and a beta of 0.62. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $36.10.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at approximately $110,000. State of Alaska Department of Revenue acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Urban Outfitters by 42.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after buying an additional 1,522 shares in the last quarter. Shelton Capital Management acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at approximately $234,000. Finally, Invictus RG acquired a new stake in shares of Urban Outfitters in the third quarter valued at approximately $241,000. Institutional investors own 83.54% 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.

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

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