Q1 2018 EPS Estimates for Urban Outfitters Inc. (URBN) Decreased by Analyst
Urban Outfitters Inc. (NASDAQ:URBN) – Research analysts at Wedbush reduced their Q1 2018 earnings estimates for shares of Urban Outfitters in a research note issued to investors on Friday. Wedbush analyst M. Brown now expects that the firm will post earnings per share of $0.29 for the quarter, down from their prior forecast of $0.30. Wedbush has a “Outperform” rating and a $34.00 price target on the stock.
Several other analysts also recently issued reports on URBN. Wells Fargo & Co. reaffirmed a “market perform” rating and set a $25.00 price objective (down from $26.00) on shares of Urban Outfitters in a report on Monday, June 13th. Citigroup Inc. reiterated a “buy” rating and set a $35.00 target price on shares of Urban Outfitters in a research note on Monday, June 13th. BMO Capital Markets reiterated an “average” rating and set a $28.00 target price on shares of Urban Outfitters in a research note on Thursday, July 7th. Deutsche Bank AG upped their target price on shares of Urban Outfitters from $28.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, July 25th. Finally, Zacks Investment Research cut shares of Urban Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Twenty-two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $35.63.
Urban Outfitters (NASDAQ:URBN) traded down 1.65% on Monday, reaching $35.70. 835,520 shares of the company’s stock were exchanged. Urban Outfitters has a 12 month low of $19.26 and a 12 month high of $37.82. The firm has a 50-day moving average of $35.91 and a 200-day moving average of $31.03. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 18.38 and a beta of 0.91.
Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 6.63% and a return on equity of 19.57%. Urban Outfitters’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS.
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its stake 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 worth $104,000 after buying an additional 1,550 shares during the last quarter. Robecosam AG bought a new position in Urban Outfitters during the second quarter worth approximately $108,000. Fuller & Thaler Asset Management Inc. bought a new position in Urban Outfitters during the second quarter worth approximately $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 worth $129,000 after buying an additional 651 shares during the period. Finally, Kentucky Retirement Systems bought a new position in Urban Outfitters during the second quarter worth approximately $203,000. 72.05% of the stock is owned by institutional investors.
In other news, CFO Frank Conforti sold 4,000 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $37.42, for a total value of $149,680.00. Following the completion of the sale, the chief financial officer now owns 4,000 shares of the company’s stock, valued at $149,680. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.30% of the stock is currently owned by 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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