SunTrust Banks, Inc. Reiterates “Buy” Rating for Urban Outfitters, Inc. (URBN)
Urban Outfitters, Inc. (NASDAQ:URBN)‘s stock had its “buy” rating reaffirmed by stock analysts at SunTrust Banks, Inc. in a research note issued on Wednesday. SunTrust Banks also issued estimates for Urban Outfitters’ Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.57 EPS and FY2019 earnings at $1.57 EPS.
Several other equities analysts have also commented on the stock. Morgan Stanley increased their target price on shares of Urban Outfitters from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Wednesday. MKM Partners set a $16.00 target price on shares of Urban Outfitters and gave the company a “sell” rating in a report on Wednesday. Bank of America Corporation set a $24.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a report on Wednesday. KeyCorp set a $26.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a report on Wednesday. Finally, Jefferies Group LLC set a $25.00 target price on shares of Urban Outfitters and gave the company a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $25.00.
Shares of Urban Outfitters (URBN) traded down 4.15% during mid-day trading on Wednesday, hitting $18.94. 12,739,237 shares of the company traded hands. The stock has a market capitalization of $2.11 billion, a PE ratio of 12.68 and a beta of 0.66. The firm’s 50 day moving average price is $18.44 and its 200-day moving average price is $21.60. Urban Outfitters has a 1-year low of $16.19 and a 1-year high of $40.80. Urban Outfitters also saw some unusual options trading activity on Monday. Stock traders bought 32,160 put options on the stock. This is an increase of approximately 763% compared to the typical daily volume of 3,727 put options.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Urban Outfitters had a net margin of 4.92% and a return on equity of 13.64%. The company had revenue of $873 million for the quarter, compared to analyst estimates of $860.80 million. During the same quarter last year, the firm earned $0.66 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Urban Outfitters will post $1.42 EPS for the current year.
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Several hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System bought a new stake in shares of Urban Outfitters during the first quarter worth approximately $530,000. Capital Impact Advisors LLC raised its stake in shares of Urban Outfitters by 5.3% in the first quarter. Capital Impact Advisors LLC now owns 48,914 shares of the apparel retailer’s stock worth $1,162,000 after buying an additional 2,457 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Urban Outfitters by 172.4% in the first quarter. Retirement Systems of Alabama now owns 114,045 shares of the apparel retailer’s stock worth $2,710,000 after buying an additional 72,174 shares in the last quarter. Profund Advisors LLC bought a new stake in shares of Urban Outfitters during the first quarter worth approximately $300,000. Finally, ProShare Advisors LLC raised its stake in shares of Urban Outfitters by 5.5% in the first quarter. ProShare Advisors LLC now owns 16,738 shares of the apparel retailer’s stock worth $398,000 after buying an additional 871 shares in the last quarter. Hedge funds and other institutional investors own 83.99% of the company’s stock.
About Urban Outfitters
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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