Urban Outfitters, Inc. Expected to Post FY2019 Earnings of $2.66 Per Share (URBN)

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Urban Outfitters, Inc. (NASDAQ:URBN) – Research analysts at William Blair cut their FY2019 EPS estimates for Urban Outfitters in a note issued to investors on Thursday, February 7th. William Blair analyst D. Carden now forecasts that the apparel retailer will post earnings per share of $2.66 for the year, down from their previous forecast of $2.71. William Blair also issued estimates for Urban Outfitters’ Q4 2019 earnings at $0.74 EPS, Q4 2020 earnings at $0.80 EPS and FY2020 earnings at $2.80 EPS.

A number of other analysts have also weighed in on URBN. Zacks Investment Research lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. Wells Fargo & Co cut their target price on shares of Urban Outfitters from $50.00 to $44.00 and set a “market perform” rating for the company in a research note on Tuesday, November 20th. BidaskClub cut shares of Urban Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Royal Bank of Canada decreased their price objective on shares of Urban Outfitters to $46.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 20th. Finally, Bank of America set a $50.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Tuesday, November 20th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $43.81.

Urban Outfitters stock opened at $31.15 on Monday. The firm has a market cap of $3.33 billion, a P/E ratio of 18.65, a PEG ratio of 0.97 and a beta of 0.58. Urban Outfitters has a 12-month low of $30.54 and a 12-month high of $52.50.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 19th. The apparel retailer reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. The company had revenue of $973.50 million during the quarter, compared to analysts’ expectations of $967.82 million. Urban Outfitters had a net margin of 5.44% and a return on equity of 20.65%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Huntington National Bank increased its position in shares of Urban Outfitters by 42.7% during the fourth quarter. Huntington National Bank now owns 1,233 shares of the apparel retailer’s stock worth $41,000 after acquiring an additional 369 shares during the period. Contravisory Investment Management Inc. increased its position in shares of Urban Outfitters by 4.4% during the fourth quarter. Contravisory Investment Management Inc. now owns 12,835 shares of the apparel retailer’s stock worth $426,000 after acquiring an additional 544 shares during the period. Comerica Bank increased its position in shares of Urban Outfitters by 1.3% during the fourth quarter. Comerica Bank now owns 49,939 shares of the apparel retailer’s stock worth $1,600,000 after acquiring an additional 653 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Urban Outfitters by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 20,378 shares of the apparel retailer’s stock worth $677,000 after acquiring an additional 848 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Urban Outfitters during the fourth quarter worth $31,000. 82.25% of the stock is currently owned by institutional investors.

About Urban Outfitters

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

Featured Story: Price to Earnings Ratio (PE)

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

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