Equities Analysts Offer Predictions for Urban Outfitters Inc.’s Q1 2018 Earnings (URBN)
Urban Outfitters Inc. (NASDAQ:URBN) – KeyCorp reduced their Q1 2018 EPS estimates for shares of Urban Outfitters in a research note issued on Wednesday. KeyCorp analyst E. Yruma now expects that the brokerage will earn $0.30 per share for the quarter, down from their prior estimate of $0.31. KeyCorp also issued estimates for Urban Outfitters’ Q3 2018 earnings at $0.45 EPS and Q4 2018 earnings at $0.68 EPS.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The firm had revenue of $862.50 million for the quarter. During the same period in the prior year, the business posted $0.42 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis.
Several other equities research analysts have also commented on URBN. Nomura upped their price objective on Urban Outfitters from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 17th. Stifel Nicolaus upped their price objective on Urban Outfitters from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Jefferies Group restated a “buy” rating and issued a $45.00 price objective (up from $40.00) on shares of Urban Outfitters in a research note on Friday, September 2nd. Robert W. Baird upped their price objective on Urban Outfitters from $33.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Finally, Wunderlich lowered Urban Outfitters from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $32.00 in a research note on Wednesday. Twenty-one research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 2.201% during midday trading on Friday, reaching $33.555. The company’s stock had a trading volume of 3,227,923 shares. The company’s 50-day moving average price is $35.24 and its 200-day moving average price is $31.95. The company has a market cap of $3.93 billion, a PE ratio of 17.279 and a beta of 0.69. Urban Outfitters has a 12 month low of $20.06 and a 12 month high of $40.80.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in Urban Outfitters by 26.7% in the first quarter. Renaissance Technologies LLC now owns 340,100 shares of the apparel retailer’s stock worth $11,254,000 after buying an additional 71,700 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Urban Outfitters during the first quarter worth $1,162,000. Adage Capital Partners GP L.L.C. purchased a new position in Urban Outfitters during the first quarter worth $4,308,000. Envestnet Asset Management Inc. boosted its position in Urban Outfitters by 40.2% in the first quarter. Envestnet Asset Management Inc. now owns 53,492 shares of the apparel retailer’s stock worth $1,770,000 after buying an additional 15,337 shares during the last quarter. Finally, Babson Capital Management LLC purchased a new position in Urban Outfitters during the first quarter worth $717,000. 74.17% of the stock is owned by institutional investors.
In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of Urban Outfitters stock in a transaction on Monday, November 14th. The shares were sold at an average price of $39.95, for a total value of $250,087.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.30% of the stock is currently owned by company insiders.
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About Urban Outfitters
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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