Urban Outfitters, Inc. (NASDAQ:URBN) – Analysts at Jefferies Financial Group dropped their Q3 2019 EPS estimates for shares of Urban Outfitters in a research report issued on Wednesday, November 14th. Jefferies Financial Group analyst J. Stichter now forecasts that the apparel retailer will earn $0.64 per share for the quarter, down from their prior estimate of $0.65. Jefferies Financial Group has a “Buy” rating and a $58.00 price target on the stock. Jefferies Financial Group also issued estimates for Urban Outfitters’ FY2019 earnings at $2.70 EPS and FY2020 earnings at $2.93 EPS.

Several other analysts have also recently commented on the company. BidaskClub cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Nomura raised their target price on Urban Outfitters from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. Wedbush reaffirmed a “hold” rating and issued a $35.00 target price (down previously from $50.00) on shares of Urban Outfitters in a research report on Thursday, October 11th. ValuEngine cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. Finally, B. Riley raised Urban Outfitters from a “neutral” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $44.48.

Shares of Urban Outfitters stock opened at $36.58 on Monday. The firm has a market capitalization of $4.04 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.54. Urban Outfitters has a 12 month low of $28.45 and a 12 month high of $52.50.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 19th. The apparel retailer reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The business had revenue of $973.50 million during the quarter, compared to analysts’ expectations of $967.82 million. Urban Outfitters had a return on equity of 18.92% and a net margin of 4.71%. Urban Outfitters’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in Urban Outfitters by 5.9% during the second quarter. PNC Financial Services Group Inc. now owns 19,764 shares of the apparel retailer’s stock valued at $881,000 after buying an additional 1,107 shares in the last quarter. Advisors Preferred LLC raised its holdings in Urban Outfitters by 50.2% during the second quarter. Advisors Preferred LLC now owns 3,780 shares of the apparel retailer’s stock valued at $169,000 after buying an additional 1,264 shares in the last quarter. Hartford Investment Management Co. raised its holdings in Urban Outfitters by 11.4% during the third quarter. Hartford Investment Management Co. now owns 12,800 shares of the apparel retailer’s stock valued at $524,000 after buying an additional 1,309 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Urban Outfitters by 16.2% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,625 shares of the apparel retailer’s stock valued at $435,000 after buying an additional 1,480 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings in Urban Outfitters by 145.5% during the second quarter. Point72 Hong Kong Ltd now owns 2,600 shares of the apparel retailer’s stock valued at $116,000 after buying an additional 1,541 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

In related news, CEO Trish Donnelly sold 19,332 shares of Urban Outfitters stock in a transaction on Friday, August 24th. The stock was sold at an average price of $46.10, for a total transaction of $891,205.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 25.90% of the stock is currently owned by company insiders.

Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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