News stories about Urban Outfitters (NASDAQ:URBN) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Urban Outfitters earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news coverage about the apparel retailer an impact score of 45.0304742743212 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Urban Outfitters now carries this cool, under-the-radar beauty brand, and it’s all under $25 (hellogiggles.com)
- ETFs with exposure to Urban Outfitters, Inc. : October 9, 2017 (finance.yahoo.com)
- Financial Contrast: Francesca’s Holdings Corporation (FRAN) versus Urban Outfitters (URBN) (americanbankingnews.com)
- Urban Outfitters, Inc. (URBN) Expected to Announce Quarterly Sales of $858.08 Million (americanbankingnews.com)
- Urban Outfitters, Inc. (URBN) Expected to Announce Earnings of $0.32 Per Share (americanbankingnews.com)
Shares of Urban Outfitters (NASDAQ:URBN) opened at 23.19 on Wednesday. The company has a 50 day moving average price of $22.36 and a 200-day moving average price of $20.61. The firm has a market cap of $2.55 billion, a PE ratio of 15.52 and a beta of 0.63. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $40.80.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 EPS 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 firm had revenue of $873.00 million for the quarter, compared to analysts’ expectations of $860.80 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts expect that Urban Outfitters will post $1.41 EPS for the current year.
Urban Outfitters declared that its board has initiated a stock buyback program on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
URBN has been the subject of several analyst reports. Royal Bank Of Canada set a $17.00 price objective on Urban Outfitters and gave the stock a “hold” rating in a research report on Monday, July 17th. BMO Capital Markets set a $20.00 price objective on Urban Outfitters and gave the stock a “hold” rating in a research report on Monday, September 11th. BidaskClub raised Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. FBR & Co lowered their price objective on Urban Outfitters from $24.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) set a $18.00 price objective on Urban Outfitters and gave the stock a “sell” rating in a research report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seven have assigned a buy rating to the stock. Urban Outfitters currently has an average rating of “Hold” and an average price target of $22.24.
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.
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