Urban Outfitters, Inc. (NASDAQ:URBN) – Research analysts at SunTrust Banks boosted their Q2 2019 EPS estimates for Urban Outfitters in a note issued to investors on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst P. Quintiliano now forecasts that the apparel retailer will post earnings per share of $0.73 for the quarter, up from their previous forecast of $0.60. SunTrust Banks currently has a “Buy” rating and a $42.00 price target on the stock. SunTrust Banks also issued estimates for Urban Outfitters’ Q3 2019 earnings at $0.56 EPS and Q4 2019 earnings at $0.78 EPS.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share.
A number of other research analysts have also recently commented on URBN. Telsey Advisory Group upped their target price on Urban Outfitters from $30.00 to $35.00 and gave the company a “market perform” rating in a research note on Tuesday, December 12th. Wolfe Research upped their target price on Urban Outfitters from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Robert W. Baird reissued a “buy” rating and issued a $35.00 price objective on shares of Urban Outfitters in a research note on Friday, December 15th. KeyCorp reissued a “buy” rating on shares of Urban Outfitters in a research note on Friday, December 15th. Finally, Jefferies Group reissued a “buy” rating and issued a $40.00 price objective on shares of Urban Outfitters in a research note on Monday, December 18th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.04.
URBN stock opened at $36.22 on Friday. The company has a market capitalization of $3,920.78, a P/E ratio of 37.73, a PEG ratio of 1.34 and a beta of 0.56. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $38.28.
In other news, CFO Frank Conforti sold 20,941 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $35.27, for a total transaction of $738,589.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Azeez Hayne sold 11,421 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $35.49, for a total value of $405,331.29. The disclosure for this sale can be found here. In the last quarter, insiders have sold 141,865 shares of company stock valued at $5,072,709. Company insiders own 26.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Senvest Management LLC purchased a new position in Urban Outfitters in the 3rd quarter worth $36,629,000. Dimensional Fund Advisors LP raised its stake in Urban Outfitters by 32.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock worth $101,640,000 after acquiring an additional 1,053,712 shares during the last quarter. Two Sigma Investments LP raised its stake in Urban Outfitters by 338.9% in the 4th quarter. Two Sigma Investments LP now owns 1,357,287 shares of the apparel retailer’s stock worth $47,586,000 after acquiring an additional 1,048,052 shares during the last quarter. Two Sigma Advisers LP raised its stake in Urban Outfitters by 263.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,137,687 shares of the apparel retailer’s stock worth $39,887,000 after acquiring an additional 824,876 shares during the last quarter. Finally, Majedie Asset Management Ltd purchased a new position in Urban Outfitters in the 3rd quarter worth $11,960,000. Hedge funds and other institutional investors own 76.74% 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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