William Blair Weighs in on Urban Outfitters, Inc.’s Q4 2018 Earnings (URBN)
Urban Outfitters, Inc. (NASDAQ:URBN) – Equities research analysts at William Blair boosted their Q4 2018 EPS estimates for Urban Outfitters in a note issued to investors on Tuesday. William Blair analyst D. Carden now expects that the apparel retailer will post earnings of $0.63 per share for the quarter, up from their prior estimate of $0.59.
URBN has been the subject of a number of other reports. J P Morgan Chase & Co upgraded Urban Outfitters from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 21st. Royal Bank of Canada reiterated a “hold” rating and set a $21.00 target price on shares of Urban Outfitters in a research report on Monday, September 18th. Wolfe Research upgraded Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Wednesday, November 15th. Deutsche Bank downgraded Urban Outfitters from a “hold” rating to a “sell” rating and cut their target price for the company from $23.00 to $19.00 in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets set a $20.00 target price on Urban Outfitters and gave the company a “hold” rating in a research report on Monday, September 11th. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $24.93.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data 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 analyst estimates of $860.64 million. During the same period in the prior year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis.
Hedge funds have recently made changes to their positions in the stock. Empirical Finance LLC lifted its position in shares of Urban Outfitters by 45.9% during the 3rd quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock worth $2,322,000 after buying an additional 30,559 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Urban Outfitters by 39.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock valued at $572,000 after purchasing an additional 8,800 shares during the last quarter. Bank of New York Mellon Corp raised its position in Urban Outfitters by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock valued at $72,803,000 after purchasing an additional 10,249 shares during the last quarter. First Trust Advisors LP raised its position in Urban Outfitters by 2.9% in the second quarter. First Trust Advisors LP now owns 370,822 shares of the apparel retailer’s stock valued at $6,875,000 after purchasing an additional 10,503 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Urban Outfitters by 11.0% in the second quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock valued at $2,577,000 after purchasing an additional 13,795 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.
Urban Outfitters declared that its board has approved a stock repurchase plan on Thursday, August 24th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the apparel retailer to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
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.
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