Urban Outfitters, Inc. (NASDAQ:URBN) – Equities researchers at KeyCorp lifted their Q4 2018 EPS estimates for Urban Outfitters in a research report issued to clients and investors on Monday. KeyCorp analyst E. Yruma now expects that the apparel retailer will earn $0.61 per share for the quarter, up from their previous estimate of $0.53. KeyCorp has a “Overweight” rating and a $3.00 price target on the stock.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.08. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The firm had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. During the same period in the previous year, the company posted $0.40 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year.

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Several other equities analysts have also recently weighed in on the stock. Robert W. Baird reiterated a “buy” rating and set a $24.00 price objective on shares of Urban Outfitters in a research report on Wednesday, November 1st. BMO Capital Markets set a $20.00 price objective on shares of Urban Outfitters and gave the stock a “hold” rating in a research report on Monday, September 11th. Royal Bank Of Canada reiterated a “hold” rating and set a $21.00 price objective on shares of Urban Outfitters in a research report on Monday, September 18th. BidaskClub upgraded shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $24.20.

Urban Outfitters (NASDAQ:URBN) traded up $0.36 during midday trading on Thursday, reaching $30.16. 1,979,537 shares of the company’s stock traded hands, compared to its average volume of 3,439,386. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $35.55. The stock has a market cap of $3,290.00, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.62.

Urban Outfitters announced that its board has initiated a stock repurchase plan on Thursday, August 24th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the apparel retailer to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Several hedge funds have recently added to or reduced their stakes in the stock. Shapiro Capital Management LLC lifted its stake in shares of Urban Outfitters by 586.5% in the 2nd quarter. Shapiro Capital Management LLC now owns 8,827,740 shares of the apparel retailer’s stock valued at $163,666,000 after purchasing an additional 7,541,840 shares during the last quarter. FMR LLC lifted its stake in shares of Urban Outfitters by 2.4% in the 2nd quarter. FMR LLC now owns 5,986,454 shares of the apparel retailer’s stock valued at $110,988,000 after purchasing an additional 139,356 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Urban Outfitters by 32.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock valued at $101,640,000 after purchasing an additional 1,053,712 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Urban Outfitters by 7.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,234,875 shares of the apparel retailer’s stock valued at $101,215,000 after purchasing an additional 308,063 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Urban Outfitters by 4.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,167,501 shares of the apparel retailer’s stock valued at $40,185,000 after purchasing an additional 83,414 shares during the last quarter. 87.35% of the stock is owned by institutional investors and hedge funds.

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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