Urban Outfitters, Inc. (NASDAQ:URBN) – Equities research analysts at William Blair lifted their FY2018 earnings estimates for Urban Outfitters in a report issued on Thursday. William Blair analyst D. Carden now anticipates that the apparel retailer will post earnings of $1.58 per share for the year, up from their previous estimate 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 issued its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (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 analyst estimates of $860.64 million. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year.

Other equities analysts have also issued reports about the company. B. Riley restated a “neutral” rating on shares of Urban Outfitters in a research note 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 note 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 note on Monday, December 11th. JPMorgan Chase & Co. upgraded Urban Outfitters from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 21st. Finally, KeyCorp boosted their price target on Urban Outfitters to $3.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. Three research 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 presently has an average rating of “Hold” and a consensus target price of $26.62.

Shares of Urban Outfitters (NASDAQ URBN) traded up $0.44 on Monday, reaching $34.14. The company had a trading volume of 1,472,600 shares, compared to its average volume of 2,538,816. Urban Outfitters has a 1 year low of $16.19 and a 1 year high of $36.10. The company has a market capitalization of $3,700.00, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.62.

Institutional investors and hedge funds have recently made changes to their positions in the company. Empirical Finance LLC lifted its holdings in Urban Outfitters by 45.9% during the 3rd quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock worth $2,322,000 after buying an additional 30,559 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in Urban Outfitters by 39.8% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock worth $572,000 after buying an additional 8,800 shares in the last quarter. Legal & General Group Plc lifted its holdings in Urban Outfitters by 6.3% during the 3rd quarter. Legal & General Group Plc now owns 119,189 shares of the apparel retailer’s stock worth $2,849,000 after buying an additional 7,046 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in 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 buying an additional 680,511 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Urban Outfitters by 3.4% during the 2nd quarter. California Public Employees Retirement System now owns 349,700 shares of the apparel retailer’s stock worth $6,483,000 after buying an additional 11,400 shares in the last quarter. 83.54% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Brokers Issue Forecasts for Urban Outfitters, Inc.’s FY2018 Earnings (URBN)” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://theolympiareport.com/2018/02/14/brokers-issue-forecasts-for-urban-outfitters-inc-s-fy2018-earnings-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.

Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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.