Urban Outfitters, Inc. (NASDAQ:URBN) – KeyCorp raised their Q3 2020 EPS estimates for Urban Outfitters in a report issued on Monday, November 19th. KeyCorp analyst E. Yruma now expects that the apparel retailer will post earnings per share of $0.75 for the quarter, up from their prior estimate of $0.69. KeyCorp also issued estimates for Urban Outfitters’ Q4 2020 earnings at $0.88 EPS and FY2020 earnings at $2.89 EPS.
Urban Outfitters (NASDAQ:URBN) last released 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 firm had revenue of $973.50 million during the quarter, compared to analyst estimates of $967.82 million. Urban Outfitters had a return on equity of 21.02% and a net margin of 5.44%. Urban Outfitters’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share.
NASDAQ:URBN opened at $36.58 on Wednesday. The firm has a market capitalization of $3.89 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.05 and a beta of 0.54. Urban Outfitters has a 12-month low of $28.45 and a 12-month high of $52.50.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Urban Outfitters by 7.9% during the 2nd quarter. BlackRock Inc. now owns 10,188,634 shares of the apparel retailer’s stock worth $453,903,000 after buying an additional 749,276 shares during the last quarter. FMR LLC lifted its holdings in Urban Outfitters by 79.7% during the 2nd quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock worth $350,737,000 after buying an additional 3,492,613 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Urban Outfitters by 547.6% during the 3rd quarter. AQR Capital Management LLC now owns 4,487,410 shares of the apparel retailer’s stock worth $183,535,000 after buying an additional 3,794,451 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Urban Outfitters by 3.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,355,163 shares of the apparel retailer’s stock valued at $137,226,000 after purchasing an additional 122,134 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in shares of Urban Outfitters by 59.0% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,718,187 shares of the apparel retailer’s stock valued at $111,173,000 after purchasing an additional 1,008,156 shares during the last quarter. 77.06% of the stock is owned by institutional investors.
In other Urban Outfitters news, CEO Trish Donnelly sold 19,332 shares of Urban Outfitters stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $46.10, for a total transaction of $891,205.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.90% of the stock is owned by insiders.
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.
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