Urban Outfitters, Inc. (NASDAQ:URBN) – Equities research analysts at SunTrust Banks issued their FY2020 EPS estimates for shares of Urban Outfitters in a research report issued to clients and investors on Friday. SunTrust Banks analyst P. Quintiliano expects that the apparel retailer will post earnings of $2.11 per share for the year. SunTrust Banks has a “Buy” rating and a $40.00 price target on the stock.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share for the quarter, topping 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 firm had revenue of $892.77 million during the quarter, compared to the consensus estimate of $860.64 million. During the same period last year, the business posted $0.40 EPS. The business’s revenue was up 3.5% compared to the same quarter last year.
Shares of Urban Outfitters (NASDAQ:URBN) opened at $32.62 on Monday. Urban Outfitters has a 1-year low of $16.19 and a 1-year high of $36.10. The firm has a market capitalization of $3,531.07, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.44 and a beta of 0.62.
Institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in Urban Outfitters by 15.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 283,120 shares of the apparel retailer’s stock valued at $5,247,000 after purchasing an additional 38,168 shares during the last quarter. Amalgamated Bank boosted its stake in Urban Outfitters by 18.1% during the 2nd quarter. Amalgamated Bank now owns 16,892 shares of the apparel retailer’s stock valued at $313,000 after purchasing an additional 2,584 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Urban Outfitters by 16.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,995 shares of the apparel retailer’s stock valued at $334,000 after purchasing an additional 2,515 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Urban Outfitters by 7.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 17,870 shares of the apparel retailer’s stock valued at $331,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in Urban Outfitters by 11.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 75,524 shares of the apparel retailer’s stock valued at $1,400,000 after purchasing an additional 7,991 shares during the last quarter. Institutional investors own 84.51% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Urban Outfitters, Inc. Forecasted to Earn FY2020 Earnings of $2.11 Per Share (URBN)” was published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/05/urban-outfitters-inc-forecasted-to-earn-fy2020-earnings-of-2-11-per-share-urbn.html.
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.
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.