Urban Outfitters Inc. (NASDAQ:URBN) – Equities researchers at FBR & Co lowered their FY2019 EPS estimates for Urban Outfitters in a research note issued on Wednesday. FBR & Co analyst S. Anderson now forecasts that the firm will post earnings of $2.25 per share for the year, down from their prior estimate of $2.38. FBR & Co currently has a “Market Perform” rating and a $31.00 target price on the stock.
Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.04. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The company earned $862.50 million during the quarter. During the same period in the previous year, the business earned $0.42 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis.
A number of other research analysts have also issued reports on the company. Vetr raised Urban Outfitters from a “sell” rating to a “hold” rating and set a $35.42 target price on the stock in a report on Thursday. MKM Partners decreased their price target on Urban Outfitters from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday. Deutsche Bank AG decreased their price target on Urban Outfitters from $37.00 to $34.00 and set a “hold” rating on the stock in a research note on Wednesday. BMO Capital Markets restated a “neutral” rating on shares of Urban Outfitters in a research note on Wednesday. Finally, Wunderlich downgraded Urban Outfitters from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $32.00 in a research note on Wednesday. Twenty-one investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 2.19% during mid-day trading on Friday, hitting $33.56. The company’s stock had a trading volume of 3,250,814 shares. Urban Outfitters has a 12-month low of $20.06 and a 12-month high of $40.80. The company has a market cap of $3.93 billion, a PE ratio of 17.28 and a beta of 0.69. The stock has a 50-day moving average of $35.24 and a 200-day moving average of $31.95.
Institutional investors have recently modified their holdings of the company. Emerald Advisers Inc. PA raised its position in shares of Urban Outfitters by 286.2% in the second quarter. Emerald Advisers Inc. PA now owns 661,805 shares of the apparel retailer’s stock worth $18,200,000 after buying an additional 490,430 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Urban Outfitters by 25.5% in the second quarter. Meeder Asset Management Inc. now owns 32,918 shares of the apparel retailer’s stock worth $906,000 after buying an additional 6,685 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of Urban Outfitters by 18.1% in the second quarter. GW&K Investment Management LLC now owns 404,123 shares of the apparel retailer’s stock worth $11,113,000 after buying an additional 62,027 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in shares of Urban Outfitters during the second quarter worth approximately $9,815,000. Finally, Nuveen Asset Management LLC bought a new position in shares of Urban Outfitters during the first quarter worth approximately $1,162,000. 74.17% of the stock is currently owned by hedge funds and other institutional investors.
In other news, General Counsel Azeez Hayne sold 6,260 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $39.95, for a total value of $250,087.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.30% of the stock is currently owned by insiders.
Urban Outfitters Company Profile