Urban Outfitters Inc. (URBN) to Post Q1 2018 Earnings of $0.29 Per Share, Wedbush Forecasts
Urban Outfitters Inc. (NASDAQ:URBN) – Investment analysts at Wedbush dropped their Q1 2018 EPS estimates for shares of Urban Outfitters in a report released on Friday. Wedbush analyst M. Brown now forecasts that the firm will post earnings of $0.29 per share for the quarter, down from their prior estimate of $0.30. Wedbush has a “Outperform” rating and a $34.00 price objective on the stock.
A number of other research analysts have also weighed in on URBN. MKM Partners reissued a “neutral” rating and set a $36.00 price target on shares of Urban Outfitters in a research note on Wednesday. Vetr lowered Urban Outfitters from a “buy” rating to a “hold” rating and set a $37.57 price target on the stock. in a research note on Monday. Wells Fargo & Co. reissued a “hold” rating and set a $33.00 price target (up previously from $29.00) on shares of Urban Outfitters in a research note on Wednesday, September 28th. Robert W. Baird reissued an “outperform” rating and set a $38.00 price target on shares of Urban Outfitters in a research note on Saturday, September 10th. Finally, Wolfe Research raised Urban Outfitters from a “peer perform” rating to an “outperform” rating and increased their price target for the stock from $36.00 to $43.00 in a research note on Wednesday, September 7th. Twenty-two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $35.78.
Urban Outfitters (NASDAQ:URBN) traded up 1.01% on Monday, reaching $35.96. The company had a trading volume of 1,114,520 shares. The stock’s 50-day moving average price is $35.88 and its 200 day moving average price is $31.06. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 18.52 and a beta of 0.91. Urban Outfitters has a 52-week low of $19.26 and a 52-week high of $37.82.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.10. The firm earned $890.57 million during the quarter, compared to analyst estimates of $886.39 million. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. Urban Outfitters’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in shares of Urban Outfitters by 70.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,758 shares of the apparel retailer’s stock valued at $104,000 after buying an additional 1,550 shares during the period. Robecosam AG bought a new position in Urban Outfitters during the second quarter valued at about $108,000. Fuller & Thaler Asset Management Inc. bought a new position in Urban Outfitters during the second quarter valued at about $121,000. LS Investment Advisors LLC increased its position in Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 651 shares during the last quarter. Finally, Algert Global LLC bought a new position in Urban Outfitters during the third quarter valued at about $220,000. Hedge funds and other institutional investors own 72.05% of the company’s stock.
In related news, CFO Frank Conforti sold 4,000 shares of Urban Outfitters stock in a transaction on Friday, August 19th. The shares were sold at an average price of $37.42, for a total value of $149,680.00. Following the transaction, the chief financial officer now owns 4,000 shares in the company, valued at approximately $149,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.30% of the stock is currently owned by corporate insiders.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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