Urban Outfitters, Inc. (NASDAQ:URBN) – SunTrust Banks upped their Q1 2019 earnings estimates for shares of Urban Outfitters in a research note issued on Wednesday. SunTrust Banks analyst P. Quintiliano now anticipates that the apparel retailer will earn $0.26 per share for the quarter, up from their prior forecast of $0.15. SunTrust Banks currently has a “Buy” rating and a $42.00 target price on the stock. SunTrust Banks also issued estimates for Urban Outfitters’ FY2019 earnings at $2.32 EPS and FY2020 earnings at $2.45 EPS.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. Urban Outfitters had a net margin of 2.99% and a return on equity of 14.19%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis.
Several other analysts have also issued reports on the stock. Robert W. Baird set a $27.00 price target on shares of Urban Outfitters and gave the company a “buy” rating in a research report on Saturday, November 18th. Wolfe Research upped their price target on shares of Urban Outfitters from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating and set a $34.00 price target for the company in a research report on Thursday, November 23rd. Telsey Advisory Group increased their target price on shares of Urban Outfitters from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada increased their target price on shares of Urban Outfitters from $21.00 to $30.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $30.75.
Shares of Urban Outfitters (NASDAQ URBN) opened at $35.88 on Monday. Urban Outfitters has a 1 year low of $16.19 and a 1 year high of $38.28. The stock has a market cap of $3,883.97, a PE ratio of 37.38, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56.
Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in Urban Outfitters by 6.3% in the third quarter. Legal & General Group Plc now owns 119,189 shares of the apparel retailer’s stock worth $2,849,000 after buying an additional 7,046 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Urban Outfitters in the fourth quarter worth about $414,000. Emerald Advisers Inc. PA purchased a new stake in Urban Outfitters in the fourth quarter worth about $297,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Urban Outfitters by 42.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after buying an additional 1,522 shares during the period. Finally, Royce & Associates LP lifted its holdings in Urban Outfitters by 11.8% in the third quarter. Royce & Associates LP now owns 95,000 shares of the apparel retailer’s stock worth $2,271,000 after buying an additional 10,000 shares during the period. Institutional investors and hedge funds own 75.09% of the company’s stock.
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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.
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