Urban Outfitters, Inc. (NASDAQ:URBN) – Equities researchers at KeyCorp dropped their Q4 2018 EPS estimates for shares of Urban Outfitters in a note issued to investors on Wednesday. KeyCorp analyst E. Yruma now expects that the apparel retailer will post earnings per share of $0.60 for the quarter, down from their prior forecast of $0.62. KeyCorp currently has a “Buy” rating on the stock. KeyCorp also issued estimates for Urban Outfitters’ Q1 2019 earnings at $0.19 EPS.

Several other research firms have also recently commented on URBN. Telsey Advisory Group upped their price target on Urban Outfitters from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 2nd. Robert W. Baird set a $39.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research cut Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 6th. BidaskClub cut Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Finally, Wolfe Research upped their price target on Urban Outfitters from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.10.

Urban Outfitters (NASDAQ URBN) traded up $0.40 during trading on Monday, hitting $34.64. The stock had a trading volume of 2,149,900 shares, compared to its average volume of 3,248,122. Urban Outfitters has a twelve month low of $16.19 and a twelve month high of $36.10. The stock has a market capitalization of $3,749.73, a PE ratio of 23.09, a PEG ratio of 1.85 and a beta of 0.73.

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

Large investors have recently added to or reduced their stakes in the business. Sun Life Financial INC purchased a new position in Urban Outfitters in the second quarter worth $151,000. BT Investment Management Ltd acquired a new stake in Urban Outfitters in the second quarter valued at $196,000. Oppenheimer Asset Management Inc. grew its holdings in Urban Outfitters by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock valued at $198,000 after purchasing an additional 43 shares during the last quarter. Invictus RG acquired a new stake in Urban Outfitters in the third quarter valued at $241,000. Finally, HAP Trading LLC acquired a new stake in Urban Outfitters in the third quarter valued at $296,000. Hedge funds and other institutional investors own 86.24% of the company’s stock.

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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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