FY2018 EPS Estimates for Urban Outfitters, Inc. (URBN) Lifted by William Blair
Urban Outfitters, Inc. (NASDAQ:URBN) – Equities researchers at William Blair increased their FY2018 EPS estimates for Urban Outfitters in a research note issued on Thursday. William Blair analyst D. Carden now anticipates that the apparel retailer will earn $1.46 per share for the year, up from their previous forecast of $1.44. William Blair also issued estimates for Urban Outfitters’ Q4 2018 earnings at $0.62 EPS and FY2019 earnings at $1.62 EPS.
Several other equities research analysts have also recently weighed in on URBN. UBS AG reiterated a “neutral” rating and issued a $21.00 target price (down previously from $25.00) on shares of Urban Outfitters in a research note on Wednesday, May 17th. MKM Partners set a $16.00 target price on shares of Urban Outfitters and gave the company a “sell” rating in a research note on Wednesday, August 16th. BMO Capital Markets set a $20.00 target price on shares of Urban Outfitters and gave the company a “hold” rating in a research note on Tuesday, August 8th. KeyCorp set a $26.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Jefferies Group LLC set a $25.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Wednesday, August 16th. Three investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.20.
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Shares of Urban Outfitters (URBN) traded up 4.27% during mid-day trading on Monday, reaching $23.42. The company had a trading volume of 3,244,253 shares. The company has a market capitalization of $2.57 billion, a PE ratio of 15.68 and a beta of 0.59. The company’s 50-day moving average price is $19.73 and its 200-day moving average price is $20.79. Urban Outfitters has a 52-week low of $16.19 and a 52-week high of $40.80.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The firm had revenue of $873.00 million during the quarter, compared to analyst estimates of $860.80 million. Urban Outfitters had a return on equity of 13.61% and a net margin of 4.92%. Urban Outfitters’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share.
Urban Outfitters declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in Urban Outfitters by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock valued at $72,803,000 after acquiring an additional 10,249 shares during the last quarter. Bank of Nova Scotia bought a new position in Urban Outfitters in the first quarter valued at approximately $251,000. First Trust Advisors LP boosted its stake in Urban Outfitters by 2.9% in the second quarter. First Trust Advisors LP now owns 370,822 shares of the apparel retailer’s stock valued at $6,875,000 after acquiring an additional 10,503 shares during the last quarter. Hancock Holding Co. boosted its stake in Urban Outfitters by 363.7% in the first quarter. Hancock Holding Co. now owns 491,018 shares of the apparel retailer’s stock valued at $11,667,000 after acquiring an additional 385,128 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Urban Outfitters by 29.1% in the first quarter. SG Americas Securities LLC now owns 82,565 shares of the apparel retailer’s stock valued at $1,962,000 after acquiring an additional 18,590 shares during the last quarter. 87.67% of the stock is currently owned by hedge funds and other institutional investors.
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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