Urban Outfitters Inc. (NASDAQ:URBN) – Equities research analysts at Oppenheimer Holdings cut their Q4 2017 earnings estimates for Urban Outfitters in a note issued to investors on Tuesday. Oppenheimer Holdings analyst A. Andreeva now anticipates that the firm will post earnings per share of $0.65 for the quarter, down from their previous forecast of $0.75. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Urban Outfitters’ Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.42 EPS and Q4 2018 earnings at $0.71 EPS.
Urban Outfitters (NASDAQ:URBN) last announced its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.04. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The business earned $862.50 million during the quarter. During the same quarter last year, the firm posted $0.42 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year.
Other research analysts have also issued research reports about the company. Wells Fargo & Co. reissued a “hold” rating and set a $33.00 price objective (up previously from $29.00) on shares of Urban Outfitters in a report on Wednesday, September 28th. Vetr lowered Urban Outfitters from a “buy” rating to a “hold” rating and set a $37.50 price objective on the stock. in a report on Tuesday, September 6th. MKM Partners lowered their price objective on Urban Outfitters from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday. Goldman Sachs Group Inc. lowered Urban Outfitters from a “buy” rating to a “neutral” rating and increased their price objective for the company from $33.00 to $35.00 in a report on Monday, August 22nd. Finally, Royal Bank Of Canada increased their price objective on Urban Outfitters from $29.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, August 17th. 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’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 2.201% during midday trading on Friday, hitting $33.555. The stock had a trading volume of 3,227,923 shares. The firm has a 50-day moving average of $35.24 and a 200 day moving average of $31.95. Urban Outfitters has a 12-month low of $20.06 and a 12-month high of $40.80. The firm has a market cap of $3.93 billion, a PE ratio of 17.279 and a beta of 0.69.
Institutional investors have recently bought and sold shares of the stock. Emerald Advisers Inc. PA increased its position in Urban Outfitters by 286.2% in the second quarter. Emerald Advisers Inc. PA now owns 661,805 shares of the apparel retailer’s stock valued at $18,200,000 after buying an additional 490,430 shares during the last quarter. Meeder Asset Management Inc. increased its position in Urban Outfitters by 25.5% in the second quarter. Meeder Asset Management Inc. now owns 32,918 shares of the apparel retailer’s stock valued at $906,000 after buying an additional 6,685 shares during the last quarter. GW&K Investment Management LLC increased its position in 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 valued at $11,113,000 after buying an additional 62,027 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Urban Outfitters during the second quarter valued at approximately $9,815,000. Finally, Nuveen Asset Management LLC purchased a new position in Urban Outfitters during the first quarter valued at approximately $1,162,000. 74.17% of the stock is currently owned by institutional investors.
In other news, General Counsel Azeez Hayne sold 6,260 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $39.95, for a total value of $250,087.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 24.30% of the stock is owned by insiders.
Urban Outfitters Company Profile
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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