Urban Outfitters, Inc. (NASDAQ:URBN) – Research analysts at KeyCorp increased their Q1 2019 earnings estimates for shares of Urban Outfitters in a note issued to investors on Tuesday. KeyCorp analyst E. Yruma now expects that the apparel retailer will earn $0.28 per share for the quarter, up from their prior estimate of $0.19. KeyCorp has a “Positive” rating and a $45.00 price objective on the stock. KeyCorp also issued estimates for Urban Outfitters’ Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.56 EPS and Q4 2019 earnings at $0.81 EPS.
Several other research firms also recently issued reports on URBN. Robert W. Baird restated a “buy” rating and set a $42.00 price objective (up from $39.00) on shares of Urban Outfitters in a report on Wednesday. Royal Bank of Canada set a $40.00 price objective on Urban Outfitters and gave the stock a “hold” rating in a report on Tuesday. Jefferies Group restated a “buy” rating and set a $40.00 price objective on shares of Urban Outfitters in a report on Monday, December 18th. BidaskClub lowered Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 6th. Finally, BMO Capital Markets lifted their target price on Urban Outfitters from $20.00 to $28.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $30.75.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.55 EPS. Urban Outfitters’s revenue for the quarter was up 5.7% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont acquired a new position in Urban Outfitters during the 4th quarter valued at approximately $110,000. State of Alaska Department of Revenue bought a new stake in Urban Outfitters during the 4th quarter valued at $175,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Urban Outfitters by 42.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after acquiring an additional 1,522 shares in the last quarter. BRYN MAWR TRUST Co bought a new stake in Urban Outfitters during the 4th quarter valued at $207,000. Finally, Shelton Capital Management bought a new stake in Urban Outfitters during the 4th quarter valued at $234,000. Institutional investors and hedge funds own 75.09% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Urban Outfitters, Inc. (URBN) Expected to Earn Q1 2019 Earnings of $0.28 Per Share” was reported by Ticker Report and is the property of of Ticker Report. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3253640/urban-outfitters-inc-urbn-expected-to-earn-q1-2019-earnings-of-0-28-per-share.html.
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.
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.