SunTrust Banks Comments on Urban Outfitters, Inc.’s Q1 2019 Earnings (URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) – Research analysts at SunTrust Banks issued their Q1 2019 earnings per share (EPS) estimates for shares of Urban Outfitters in a report released on Thursday. SunTrust Banks analyst P. Quintiliano expects that the apparel retailer will post earnings of $0.15 per share for the quarter. SunTrust Banks has a “Buy” rating and a $40.00 price objective on the stock. SunTrust Banks also issued estimates for Urban Outfitters’ Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.46 EPS and Q4 2019 earnings at $0.72 EPS.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate 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 quarter last year, the business earned $0.40 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis.

A number of other research analysts have also commented on the stock. Royal Bank of Canada set a $37.00 price objective on shares of Urban Outfitters and gave the company a “hold” rating in a research note on Friday. Zacks Investment Research lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Nomura reiterated a “neutral” rating and set a $30.00 price objective (up previously from $26.00) on shares of Urban Outfitters in a research note on Wednesday, January 17th. Buckingham Research reiterated a “buy” rating and set a $42.00 price objective (up previously from $32.00) on shares of Urban Outfitters in a research note on Thursday, January 11th. Finally, Robert W. Baird set a $39.00 price objective on shares of Urban Outfitters and gave the company a “buy” rating in a research note on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $26.62.

Urban Outfitters (NASDAQ URBN) opened at $34.23 on Monday. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $36.10. The company has a market cap of $3,705.35, a P/E ratio of 22.37, a P/E/G ratio of 1.48 and a beta of 0.62.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont purchased a new position in Urban Outfitters during the 4th quarter worth approximately $110,000. State of Alaska Department of Revenue acquired a new stake in shares of Urban Outfitters during the 4th quarter valued at $175,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Urban Outfitters by 42.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after buying an additional 1,522 shares during the period. Shelton Capital Management acquired a new stake in shares of Urban Outfitters during the 4th quarter valued at $234,000. Finally, ARP Americas LP acquired a new stake in shares of Urban Outfitters during the 4th quarter valued at $280,000. Hedge funds and other institutional investors own 83.54% 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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