William Blair Weighs in on Urban Outfitters, Inc.’s FY2018 Earnings (URBN)
Urban Outfitters, Inc. (NASDAQ:URBN) – Investment analysts at William Blair cut their FY2018 earnings per share estimates for shares of Urban Outfitters in a research note issued on Tuesday. William Blair analyst D. Carden now expects that the apparel retailer will earn $1.56 per share for the year, down from their prior estimate of $1.57. William Blair also issued estimates for Urban Outfitters’ Q4 2018 earnings at $0.62 EPS and Q4 2019 earnings at $0.66 EPS.
URBN has been the topic of several other reports. JPMorgan Chase & Co. raised Urban Outfitters from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 21st. Wolfe Research raised Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Wednesday, November 15th. Royal Bank of Canada reissued a “hold” rating and set a $21.00 price target on shares of Urban Outfitters in a report on Monday, September 18th. Deutsche Bank cut Urban Outfitters from a “hold” rating to a “sell” rating and lowered their price target for the company from $23.00 to $19.00 in a report on Tuesday, October 3rd. Finally, Zacks Investment Research raised Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have given a buy rating to the company. 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 mid-day trading on Thursday, reaching $34.64. The company had a trading volume of 2,149,986 shares, compared to its average volume of 2,486,995. The company has a market cap of $3,706.43, a PE ratio of 23.09, a PEG 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.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.08. The business had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS.
Several large investors have recently bought and sold shares of URBN. Legal & General Group Plc increased its stake in shares of Urban Outfitters by 7.9% in the 2nd quarter. Legal & General Group Plc now owns 112,143 shares of the apparel retailer’s stock worth $2,079,000 after purchasing an additional 8,231 shares in the last quarter. Comerica Bank increased its stake in shares of Urban Outfitters by 0.9% in the 2nd quarter. Comerica Bank now owns 70,163 shares of the apparel retailer’s stock worth $1,226,000 after purchasing an additional 642 shares in the last quarter. Royce & Associates LP increased its stake in shares of Urban Outfitters by 41.7% in the 2nd quarter. Royce & Associates LP now owns 85,000 shares of the apparel retailer’s stock worth $1,576,000 after purchasing an additional 25,000 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Urban Outfitters by 245.3% in the 2nd quarter. Prudential Financial Inc. now owns 453,204 shares of the apparel retailer’s stock worth $8,402,000 after purchasing an additional 321,960 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Urban Outfitters by 6.4% in the 2nd quarter. Pacer Advisors Inc. now owns 13,090 shares of the apparel retailer’s stock worth $243,000 after purchasing an additional 789 shares in the last quarter. Hedge funds and other institutional investors own 86.24% of the company’s stock.
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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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