Brokers Issue Forecasts for Urban Outfitters, Inc.’s FY2018 Earnings (URBN)
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.
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.
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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.
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