Urban Outfitters (URBN) Receives Media Sentiment Score of 0.19
Media headlines about Urban Outfitters (NASDAQ:URBN) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Urban Outfitters earned a news impact score of 0.19 on Accern’s scale. Accern also gave news articles about the apparel retailer an impact score of 46.4061628150129 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Bulls bet on Urban Outfitters (nasdaq.com)
- Urban Outfitters (URBN) PT Raised to $34.00 at Wolfe Research (americanbankingnews.com)
- Dow Jumps Triple Digits as Wall Street Eyes Fed Meeting (thestreet.com)
- Urban Outfitters, Inc. :URBN-US: Earnings Analysis: Q3, 2018 By the Numbers : December 12, 2017 (finance.yahoo.com)
- Urban Outfitters higher after Q4 update (seekingalpha.com)
Several equities research analysts have commented on the company. Wolfe Research upped their price objective on Urban Outfitters from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday. Telsey Advisory Group upped their price objective on Urban Outfitters from $30.00 to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday. SunTrust Banks set a $35.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a research report on Monday. Robert W. Baird restated a “buy” rating on shares of Urban Outfitters in a research report on Friday, November 24th. Finally, Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research report on Thursday, November 23rd. Three equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $24.93.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The firm had revenue of $892.77 million during the quarter, compared to the consensus estimate of $860.64 million. During the same period in the prior year, the company earned $0.40 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. equities analysts predict that Urban Outfitters will post 1.55 EPS for the current fiscal year.
Urban Outfitters declared that its board has approved a stock buyback plan on Thursday, August 24th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
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About Urban Outfitters
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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