Urban Outfitters, Inc. (NASDAQ:URBN) – Research analysts at B. Riley dropped their Q1 2020 earnings estimates for Urban Outfitters in a research report issued on Thursday, February 14th. B. Riley analyst S. Anderson now expects that the apparel retailer will post earnings per share of $0.40 for the quarter, down from their previous estimate of $0.41. B. Riley currently has a “Buy” rating and a $40.00 target price on the stock. B. Riley also issued estimates for Urban Outfitters’ Q2 2020 earnings at $0.87 EPS, Q3 2020 earnings at $0.72 EPS, Q4 2020 earnings at $0.88 EPS, FY2020 earnings at $2.88 EPS and FY2021 earnings at $3.04 EPS.
Get Urban Outfitters alerts:Other research analysts have also issued research reports about the company. Jefferies Financial Group set a $58.00 price target on Urban Outfitters and gave the company a “buy” rating in a research report on Tuesday, November 20th. Bank of America set a $50.00 price target on Urban Outfitters and gave the company a “buy” rating in a research report on Tuesday, November 20th. Zacks Investment Research raised Urban Outfitters from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Saturday, November 17th. Robert W. Baird reaffirmed a “hold” rating and set a $47.00 price target on shares of Urban Outfitters in a research report on Tuesday, November 20th. Finally, BidaskClub raised Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $43.26.
URBN opened at $30.23 on Friday. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 0.96 and a beta of 0.58. Urban Outfitters has a one year low of $30.15 and a one year high of $52.50.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Monday, November 19th. The apparel retailer reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business 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 20.65% and a net margin of 5.44%. Urban Outfitters’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS.
Several large investors have recently made changes to their positions in URBN. FMR LLC raised its position in shares of Urban Outfitters by 79.7% in the 2nd quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock worth $350,737,000 after acquiring an additional 3,492,613 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Urban Outfitters by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,725,076 shares of the apparel retailer’s stock worth $76,854,000 after acquiring an additional 103,280 shares in the last quarter. Bank of Montreal Can raised its position in shares of Urban Outfitters by 80.3% in the 3rd quarter. Bank of Montreal Can now owns 29,864 shares of the apparel retailer’s stock worth $1,220,000 after acquiring an additional 13,302 shares in the last quarter. First Hawaiian Bank bought a new position in shares of Urban Outfitters in the 3rd quarter worth approximately $661,000. Finally, Bowling Portfolio Management LLC bought a new position in shares of Urban Outfitters in the 3rd quarter worth approximately $3,021,000. 82.25% of the stock is owned by hedge funds and other institutional investors.
Urban Outfitters Company Profile
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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