Urban Outfitters, Inc. (URBN) Forecasted to Post FY2019 Earnings of $2.76 Per Share
Urban Outfitters, Inc. (NASDAQ:URBN) – Jefferies Financial Group lifted their FY2019 earnings estimates for Urban Outfitters in a research report issued to clients and investors on Tuesday, November 20th. Jefferies Financial Group analyst J. Stichter now expects that the apparel retailer will earn $2.76 per share for the year, up from their previous forecast of $2.70. 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’ FY2020 earnings at $2.98 EPS.
Several other research firms also recently commented on URBN. Nomura lifted their price objective on Urban Outfitters from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, August 22nd. Deutsche Bank boosted their price target on Urban Outfitters from $35.00 to $39.00 and gave the company a “sell” rating in a report on Wednesday, August 22nd. Loop Capital set a $55.00 price target on Urban Outfitters and gave the company a “buy” rating in a report on Monday, August 13th. BidaskClub upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, August 11th. Finally, JPMorgan Chase & Co. boosted their price target on Urban Outfitters to $55.00 and gave the company an “overweight” rating in a report on Wednesday, August 22nd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. Urban Outfitters presently has a consensus rating of “Hold” and an average target price of $44.48.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data 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 firm had revenue of $973.50 million for the quarter, compared to the consensus estimate of $967.82 million. Urban Outfitters had a return on equity of 20.65% and a net margin of 5.44%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share.
Institutional investors have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC bought a new stake in Urban Outfitters during the 2nd quarter valued at approximately $109,000. Point72 Hong Kong Ltd boosted its position in Urban Outfitters by 145.5% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,600 shares of the apparel retailer’s stock valued at $116,000 after acquiring an additional 1,541 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Urban Outfitters during the 3rd quarter valued at approximately $149,000. Envestnet Asset Management Inc. boosted its position in Urban Outfitters by 679.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,710 shares of the apparel retailer’s stock valued at $166,000 after acquiring an additional 3,234 shares in the last quarter. Finally, Advisors Preferred LLC boosted its position in Urban Outfitters by 50.2% during the 2nd quarter. Advisors Preferred LLC now owns 3,780 shares of the apparel retailer’s stock valued at $169,000 after acquiring an additional 1,264 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.
In other Urban Outfitters news, CEO Trish Donnelly sold 19,332 shares of Urban Outfitters stock in a transaction that occurred 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 SEC, which is available through this hyperlink. 25.90% of the stock is owned by 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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