Urban Outfitters, Inc. Expected to Post Q4 2018 Earnings of $0.63 Per Share (URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) – Research analysts at Jefferies Group decreased their Q4 2018 earnings per share (EPS) estimates for Urban Outfitters in a note issued to investors on Tuesday. Jefferies Group analyst R. Konik now expects that the apparel retailer will earn $0.63 per share for the quarter, down from their prior estimate of $0.64. Jefferies Group currently has a “Buy” rating and a $40.00 price target on the stock. Jefferies Group also issued estimates for Urban Outfitters’ FY2019 earnings at $1.79 EPS.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The business had revenue of $892.77 million during the quarter, compared to analysts’ expectations of $860.64 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year.

Other equities analysts have also recently issued research reports about the company. B. Riley reaffirmed a “neutral” rating on shares of Urban Outfitters in a report on Wednesday, November 1st. Robert W. Baird set a $39.00 price target on Urban Outfitters and gave the company a “buy” rating in a research report on Wednesday. Buckingham Research upped their price target on Urban Outfitters from $32.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday. Wolfe Research upgraded Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Wednesday, November 15th. Finally, Royal Bank of Canada restated a “hold” rating and set a $21.00 target price on shares of Urban Outfitters in a research report on Monday, September 18th. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $26.03.

Shares of Urban Outfitters (NASDAQ:URBN) traded up $1.30 on Thursday, reaching $34.24. The company’s stock had a trading volume of 2,636,000 shares, compared to its average volume of 3,080,000. Urban Outfitters has a fifty-two week low of $16.19 and a fifty-two week high of $36.10. The firm has a market cap of $3,710.00, a PE ratio of 22.83, a PEG ratio of 1.83 and a beta of 0.73.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sun Life Financial INC bought a new position in Urban Outfitters during the second quarter valued at $151,000. Invictus RG bought a new position in shares of Urban Outfitters in the third quarter worth $241,000. Pacad Investment Ltd. bought a new position in shares of Urban Outfitters in the second quarter worth $191,000. BT Investment Management Ltd bought a new position in shares of Urban Outfitters in the second quarter worth $196,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Urban Outfitters by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after acquiring an additional 43 shares during the period. 86.24% of the stock is owned by institutional investors and hedge funds.

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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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