Urban Outfitters, Inc. (NASDAQ:URBN) – Investment analysts at William Blair cut their Q3 2020 earnings per share (EPS) estimates for shares of Urban Outfitters in a research note issued on Wednesday, May 22nd. William Blair analyst D. Carden now forecasts that the apparel retailer will post earnings per share of $0.64 for the quarter, down from their previous forecast of $0.66. William Blair also issued estimates for Urban Outfitters’ Q4 2020 earnings at $0.82 EPS, FY2020 earnings at $2.35 EPS, Q1 2021 earnings at $0.35 EPS, Q3 2021 earnings at $0.71 EPS, Q4 2021 earnings at $0.89 EPS and FY2021 earnings at $2.62 EPS.

Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05. The firm had revenue of $864.41 million during the quarter, compared to analysts’ expectations of $857.31 million. Urban Outfitters had a return on equity of 20.02% and a net margin of 7.31%. During the same quarter in the previous year, the business earned $0.38 EPS.

Other equities analysts have also recently issued research reports about the company. Wedbush reiterated an “average” rating and issued a $28.00 target price (down previously from $35.00) on shares of Urban Outfitters in a report on Tuesday, April 23rd. B. Riley dropped their target price on Urban Outfitters from $52.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, February 14th. DA Davidson upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $36.00 in a report on Tuesday, April 2nd. Deutsche Bank set a $33.00 target price on Urban Outfitters and gave the stock a “hold” rating in a report on Friday, February 8th. Finally, Zacks Investment Research upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a report on Monday, March 4th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.79.

Shares of Urban Outfitters stock opened at $24.34 on Thursday. The company has a market capitalization of $2.80 billion, a PE ratio of 8.85, a P/E/G ratio of 0.93 and a beta of 0.53. Urban Outfitters has a one year low of $24.06 and a one year high of $52.50.

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $31,000. Bessemer Group Inc. lifted its stake in shares of Urban Outfitters by 105.5% during the 4th quarter. Bessemer Group Inc. now owns 972 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 499 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Urban Outfitters by 114.9% during the 1st quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock worth $35,000 after acquiring an additional 631 shares during the last quarter. Pearl River Capital LLC bought a new stake in shares of Urban Outfitters during the 4th quarter worth approximately $40,000. Finally, Signaturefd LLC lifted its stake in shares of Urban Outfitters by 178.1% during the 1st quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock worth $37,000 after acquiring an additional 789 shares during the last quarter. 71.91% of the stock is owned by hedge funds and other institutional investors.

In related news, General Counsel Azeez Hayne sold 10,300 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $33.63, for a total transaction of $346,389.00. Following the completion of the sale, the general counsel now directly owns 12,523 shares of the company’s stock, valued at approximately $421,148.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Trish Donnelly sold 9,144 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $34.00, for a total value of $310,896.00. Following the sale, the chief executive officer now directly owns 10,295 shares of the company’s stock, valued at $350,030. The disclosure for this sale can be found here. Insiders have sold a total of 104,200 shares of company stock valued at $3,237,851 over the last three months. 24.80% of the stock is owned by corporate insiders.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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