Urban Outfitters, Inc. (NASDAQ:URBN) – Equities researchers at William Blair lifted their FY2018 earnings estimates for Urban Outfitters in a research note issued to investors on Tuesday. William Blair analyst D. Carden now anticipates that the apparel retailer will earn $1.57 per share for the year, up from their previous forecast of $1.54. William Blair also issued estimates for Urban Outfitters’ Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.67 EPS and FY2019 earnings at $1.76 EPS.

Other research analysts also recently issued research reports about the stock. Bank of America set a $24.00 target price on shares of Urban Outfitters and gave the stock a “buy” rating in a report on Wednesday, August 16th. KeyCorp set a $26.00 price objective on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Jefferies Group set a $25.00 price objective on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Robert W. Baird set a $22.00 price objective on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Finally, SunTrust Banks reiterated a “buy” rating on shares of Urban Outfitters 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.93.

Urban Outfitters (NASDAQ URBN) traded up $0.11 during trading on Wednesday, reaching $32.38. 5,499,400 shares of the company were exchanged, compared to its average volume of 3,449,698. The company 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. Urban Outfitters has a 1-year low of $16.19 and a 1-year high of $34.00.

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

Several large investors have recently bought and sold shares of URBN. Capstone Asset Management Co. lifted its position in shares of Urban Outfitters by 2.5% during the 2nd quarter. Capstone Asset Management Co. now owns 15,738 shares of the apparel retailer’s stock valued at $292,000 after acquiring an additional 380 shares during the period. Aperio Group LLC acquired a new position in shares of Urban Outfitters during the 2nd quarter valued at $370,000. Russell Investments Group Ltd. lifted its position in shares of Urban Outfitters by 11.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock valued at $2,577,000 after acquiring an additional 13,795 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of Urban Outfitters by 306.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 33,360 shares of the apparel retailer’s stock valued at $618,000 after acquiring an additional 25,150 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of Urban Outfitters by 23.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 17,906 shares of the apparel retailer’s stock valued at $332,000 after acquiring an additional 3,357 shares during the period. 86.54% of the stock is currently owned by institutional investors.

Urban Outfitters declared that its board has authorized a stock buyback program on Thursday, August 24th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the apparel retailer to reacquire up to 0.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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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.

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

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