Urban Outfitters, Inc. (NASDAQ:URBN) – Equities research analysts at KeyCorp boosted their Q4 2018 earnings per share (EPS) estimates for shares of Urban Outfitters in a note issued to investors on Monday. KeyCorp analyst E. Yruma now expects that the apparel retailer will earn $0.62 per share for the quarter, up from their previous forecast of $0.61. KeyCorp has a “Overweight” rating and a $3.00 price objective on the stock. KeyCorp also issued estimates for Urban Outfitters’ Q3 2019 earnings at $0.45 EPS, Q4 2019 earnings at $0.67 EPS and FY2019 earnings at $1.74 EPS.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. Urban Outfitters had a return on equity of 13.34% and a net margin of 4.81%. The firm had revenue of $892.77 million for the quarter, compared to the consensus estimate of $860.64 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year.

Other analysts also recently issued research reports about the company. FBR & Co decreased their price target on Urban Outfitters from $24.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, August 15th. Oppenheimer reiterated a “hold” rating on shares of Urban Outfitters in a research note on Tuesday, August 15th. Telsey Advisory Group upped their price target on Urban Outfitters from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 16th. Royal Bank of Canada upped their price target on Urban Outfitters from $17.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 16th. Finally, Robert W. Baird set a $22.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.93.

Shares of Urban Outfitters (URBN) traded up $0.32 during midday trading on Wednesday, reaching $32.70. The company’s stock had a trading volume of 2,362,315 shares, compared to its average volume of 3,445,167. Urban Outfitters has a 1 year low of $16.19 and a 1 year high of $34.00. The stock has a market capitalization of $3,493.18, a P/E ratio of 21.09, a P/E/G ratio of 1.73 and a beta of 0.73.

A number of hedge funds have recently added to or reduced their stakes in URBN. Shapiro Capital Management LLC increased its holdings in Urban Outfitters by 586.5% during the 2nd quarter. Shapiro Capital Management LLC now owns 8,827,740 shares of the apparel retailer’s stock valued at $163,666,000 after purchasing an additional 7,541,840 shares in the last quarter. Senvest Management LLC acquired a new stake in Urban Outfitters during the 3rd quarter valued at $36,629,000. Dimensional Fund Advisors LP boosted its position in Urban Outfitters by 84.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,199,015 shares of the apparel retailer’s stock valued at $59,310,000 after buying an additional 1,462,130 shares during the last quarter. Victory Capital Management Inc. bought a new position in Urban Outfitters in the 2nd quarter valued at $23,205,000. Finally, Lord Abbett & CO. LLC boosted its position in Urban Outfitters by 59.2% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock valued at $33,928,000 after buying an additional 680,511 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters declared that its Board of Directors has approved a share buyback plan on Thursday, August 24th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the apparel retailer to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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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.

Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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