Urban Outfitters, Inc. to Post FY2018 Earnings of $1.58 Per Share, William Blair Forecasts (URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) – Analysts at William Blair boosted their FY2018 EPS estimates for shares of Urban Outfitters in a research note issued to investors on Thursday. William Blair analyst D. Carden now expects that the apparel retailer will post earnings of $1.58 per share for the year, up from their prior forecast of $1.57. William Blair also issued estimates for Urban Outfitters’ Q1 2019 earnings at $0.23 EPS, Q2 2019 earnings at $0.60 EPS and Q3 2019 earnings at $0.47 EPS.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $860.64 million. During the same quarter in the previous year, the firm earned $0.40 EPS. Urban Outfitters’s quarterly revenue was up 3.5% compared to the same quarter last year.

A number of other equities analysts have also weighed in on the company. Robert W. Baird reissued a “buy” rating and issued a $24.00 target price on shares of Urban Outfitters in a research report on Wednesday, November 1st. Wolfe Research boosted their target price on Urban Outfitters from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised Urban Outfitters from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research report on Thursday, November 23rd. Telsey Advisory Group boosted their target price on Urban Outfitters from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 2nd. Finally, SunTrust Banks set a $35.00 target price on Urban Outfitters and gave the stock a “buy” rating in a research report on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have assigned a buy rating to the company. The company 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. Urban Outfitters has a 52-week low of $16.19 and a 52-week high of $36.10. The firm has a market capitalization of $3,705.33, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.50 and a beta of 0.62.

A number of hedge funds have recently bought and sold shares of URBN. Ameriprise Financial Inc. boosted its stake in Urban Outfitters by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 283,120 shares of the apparel retailer’s stock worth $5,247,000 after purchasing an additional 38,168 shares during the period. PNC Financial Services Group Inc. boosted its stake in Urban Outfitters by 16.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 17,995 shares of the apparel retailer’s stock worth $334,000 after purchasing an additional 2,515 shares during the period. Thrivent Financial For Lutherans boosted 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 worth $331,000 after purchasing an additional 1,200 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Urban Outfitters by 7.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 76,190 shares of the apparel retailer’s stock worth $1,413,000 after purchasing an additional 5,562 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Urban Outfitters by 3.4% in the 2nd quarter. California Public Employees Retirement System now owns 349,700 shares of the apparel retailer’s stock worth $6,483,000 after purchasing an additional 11,400 shares during the period. Institutional investors and hedge funds own 84.51% of the company’s stock.

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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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