Urban Outfitters, Inc. (URBN) to Post Q1 2019 Earnings of $0.30 Per Share, B. Riley Forecasts
Urban Outfitters, Inc. (NASDAQ:URBN) – Stock analysts at B. Riley raised their Q1 2019 earnings per share estimates for Urban Outfitters in a research note issued on Wednesday. B. Riley analyst S. Anderson now anticipates that the apparel retailer will post earnings per share of $0.30 for the quarter, up from their previous estimate of $0.20. B. Riley currently has a “Neutral” rating and a $37.00 target price on the stock. B. Riley also issued estimates for Urban Outfitters’ FY2019 earnings at $2.28 EPS.
Several other brokerages have also recently weighed in on URBN. Robert W. Baird reiterated a “buy” rating and issued a $42.00 price objective (up previously from $39.00) on shares of Urban Outfitters in a research note on Wednesday. Royal Bank of Canada set a $40.00 target price on shares of Urban Outfitters and gave the stock a “hold” rating in a research note on Tuesday, March 6th. Jefferies Group restated a “buy” rating and set a $40.00 target price on shares of Urban Outfitters in a research note on Monday, December 18th. KeyCorp raised their target price on shares of Urban Outfitters to $3.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 21st. Finally, BidaskClub cut shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Urban Outfitters presently has an average rating of “Hold” and a consensus price target of $30.75.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.06. Urban Outfitters had a net margin of 2.99% and a return on equity of 14.19%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis.
A number of institutional investors and hedge funds have recently made changes to their positions in URBN. Trust Co. of Vermont purchased a new position in shares of Urban Outfitters in the fourth quarter valued at $110,000. State of Alaska Department of Revenue purchased a new position in shares of Urban Outfitters in the fourth quarter valued at $175,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Urban Outfitters by 42.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after purchasing an additional 1,522 shares in the last quarter. BRYN MAWR TRUST Co purchased a new position in shares of Urban Outfitters in the fourth quarter valued at $207,000. Finally, Shelton Capital Management purchased a new position in shares of Urban Outfitters in the fourth quarter valued at $234,000. 75.09% of the stock is owned by institutional investors and hedge funds.
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Urban Outfitters Company Profile
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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