B. Riley Weighs in on Urban Outfitters, Inc.’s FY2019 Earnings (URBN)
Urban Outfitters, Inc. (NASDAQ:URBN) – Equities research analysts at B. Riley increased their FY2019 earnings estimates for shares of Urban Outfitters in a report released on Tuesday. B. Riley analyst S. Anderson now forecasts that the apparel retailer will post earnings of $1.98 per share for the year, up from their prior estimate of $1.70. B. Riley currently has a “Neutral” rating and a $37.00 target price on the stock.
URBN has been the subject of a number of other reports. JPMorgan Chase & Co. upgraded shares of Urban Outfitters from a “neutral” rating to an “overweight” rating in a report on Tuesday, November 21st. Wolfe Research upgraded shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Wednesday, November 15th. Nomura restated a “neutral” rating and issued a $30.00 price objective (up from $26.00) on shares of Urban Outfitters in a report on Wednesday, January 17th. SunTrust Banks restated a “buy” rating and issued a $40.00 price objective on shares of Urban Outfitters in a report on Friday, February 2nd. Finally, Robert W. Baird restated a “buy” rating and issued a $35.00 price objective on shares of Urban Outfitters in a report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.06.
Institutional investors have recently modified their holdings of the business. Trust Co. of Vermont purchased a new position in Urban Outfitters during the 4th quarter valued at $110,000. State of Alaska Department of Revenue purchased a new position in Urban Outfitters during the 4th quarter valued at $175,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Urban Outfitters by 42.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after purchasing an additional 1,522 shares during the period. BRYN MAWR TRUST Co purchased a new position in Urban Outfitters during the 4th quarter valued at $207,000. Finally, Shelton Capital Management purchased a new position in Urban Outfitters during the 4th quarter valued at $234,000. 78.02% of the stock is currently 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.
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