William Blair Brokers Raise Earnings Estimates for Urban Outfitters, Inc. (URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) – William Blair increased their FY2018 earnings per share (EPS) estimates for Urban Outfitters in a report released on Thursday. William Blair analyst D. Carden now anticipates that the apparel retailer will post earnings of $1.46 per share for the year, up from their previous forecast of $1.44. William Blair also issued estimates for Urban Outfitters’ Q4 2018 earnings at $0.62 EPS and FY2019 earnings at $1.62 EPS.

URBN has been the topic of several other reports. FBR & Co restated a “hold” rating and set a $24.00 target price (down from $28.00) on shares of Urban Outfitters in a report on Wednesday, May 17th. MKM Partners reiterated a “sell” rating and issued a $16.00 price objective (down from $19.00) on shares of Urban Outfitters in a research note on Monday, June 12th. Zacks Investment Research lowered Urban Outfitters from a “hold” rating to a “strong sell” rating in a research note on Friday, May 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price objective (down from $27.00) on shares of Urban Outfitters in a research note on Friday, May 19th. Finally, Wunderlich set a $20.00 price objective on Urban Outfitters and gave the stock a “hold” rating in a research note on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $22.20.

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Shares of Urban Outfitters (NASDAQ URBN) traded up 3.85% on Monday, reaching $22.63. The company had a trading volume of 1,689,702 shares. The company has a 50-day moving average price of $19.52 and a 200-day moving average price of $20.82. The firm has a market capitalization of $2.52 billion, a PE ratio of 15.15 and a beta of 0.59. Urban Outfitters has a 52-week low of $16.19 and a 52-week high of $40.80.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Urban Outfitters had a return on equity of 13.61% and a net margin of 4.92%. The company had revenue of $873.00 million during the quarter, compared to the consensus estimate of $860.80 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of URBN. Robecosam AG raised its position in Urban Outfitters by 22.0% in the 1st quarter. Robecosam AG now owns 6,100 shares of the apparel retailer’s stock worth $149,000 after purchasing an additional 1,100 shares during the last quarter. Sun Life Financial INC bought a new position in Urban Outfitters in the 2nd quarter worth approximately $151,000. LS Investment Advisors LLC raised its position in Urban Outfitters by 12.5% in the 2nd quarter. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer’s stock worth $176,000 after purchasing an additional 1,052 shares during the last quarter. Pacad Investment Ltd. bought a new position in Urban Outfitters in the 2nd quarter worth approximately $191,000. Finally, BT Investment Management Ltd bought a new position in Urban Outfitters in the 2nd quarter worth approximately $196,000. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Urban Outfitters declared that its board has authorized a stock repurchase program on Thursday, August 24th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the apparel retailer to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.

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

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