FY2018 EPS Estimates for Urban Outfitters, Inc. Raised by William Blair (URBN)
Urban Outfitters, Inc. (NASDAQ:URBN) – Equities researchers at William Blair increased their FY2018 earnings estimates for Urban Outfitters in a research report issued to clients and investors on Tuesday. William Blair analyst D. Carden now forecasts that the apparel retailer will post earnings of $1.57 per share for the year, up from their prior forecast of $1.56.
Other equities analysts have also recently issued reports about the company. B. Riley reiterated a “neutral” rating on shares of Urban Outfitters in a research report on Wednesday, November 1st. Wolfe Research upgraded Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Wednesday, November 15th. SunTrust Banks set a $35.00 price target on Urban Outfitters and gave the company a “buy” rating in a research report on Monday, December 11th. JPMorgan Chase & Co. upgraded Urban Outfitters from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 21st. Finally, Deutsche Bank cut Urban Outfitters from a “hold” rating to a “sell” rating and lowered their price target for the company from $23.00 to $19.00 in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.40.
Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $860.64 million. During the same period last year, the firm earned $0.40 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Urban Outfitters by 2.4% during the 2nd quarter. FMR LLC now owns 5,986,454 shares of the apparel retailer’s stock worth $110,988,000 after acquiring an additional 139,356 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Urban Outfitters by 32.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock worth $101,640,000 after acquiring an additional 1,053,712 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Urban Outfitters by 7.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,234,875 shares of the apparel retailer’s stock worth $101,215,000 after acquiring an additional 308,063 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Urban Outfitters by 59.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock worth $33,928,000 after acquiring an additional 680,511 shares in the last quarter. Finally, Senvest Management LLC bought a new stake in shares of Urban Outfitters during the 3rd quarter worth $36,629,000. 85.94% of the stock is owned by institutional investors and hedge funds.
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.
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