Brokers Issue Forecasts for Urban Outfitters, Inc.’s Q2 2019 Earnings (URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) – Analysts at KeyCorp lifted their Q2 2019 earnings per share estimates for Urban Outfitters in a report issued on Thursday. KeyCorp analyst E. Yruma now forecasts that the apparel retailer will earn $0.53 per share for the quarter, up from their previous forecast of $0.52. KeyCorp currently has a “Buy” rating on the stock. KeyCorp also issued estimates for Urban Outfitters’ Q4 2019 earnings at $0.73 EPS and FY2019 earnings at $1.97 EPS.

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

A number of other equities analysts also recently commented on the stock. Robert W. Baird restated a “buy” rating and set a $24.00 price objective on shares of Urban Outfitters in a research report on Wednesday, November 1st. Wolfe Research upped their price target on shares of Urban Outfitters from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised shares of Urban Outfitters from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research note on Thursday, November 23rd. Telsey Advisory Group upped their price target on shares of Urban Outfitters from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 2nd. Finally, SunTrust Banks set a $35.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Monday, December 11th. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.62.

Urban Outfitters (NASDAQ URBN) opened at $34.23 on Monday. The company has a market cap of $3,705.35, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.48 and a beta of 0.62. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $36.10.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial For Lutherans grew its stake in Urban Outfitters by 7.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 17,870 shares of the apparel retailer’s stock valued at $331,000 after acquiring an additional 1,200 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in Urban Outfitters by 2.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 65,809 shares of the apparel retailer’s stock valued at $2,307,000 after acquiring an additional 1,514 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Urban Outfitters by 42.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after acquiring an additional 1,522 shares during the last quarter. ING Groep NV grew its stake in Urban Outfitters by 21.4% in the 4th quarter. ING Groep NV now owns 12,087 shares of the apparel retailer’s stock valued at $424,000 after acquiring an additional 2,133 shares during the last quarter. Finally, Osborne Partners Capital Management LLC grew its stake in Urban Outfitters by 1.4% in the 4th quarter. Osborne Partners Capital Management LLC now owns 163,075 shares of the apparel retailer’s stock valued at $5,717,000 after acquiring an additional 2,275 shares during the last quarter. 83.54% of the stock is currently owned by hedge funds and other institutional investors.

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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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