Urban Outfitters, Inc. (NASDAQ:URBN) – Investment analysts at DA Davidson cut their Q2 2020 earnings per share (EPS) estimates for Urban Outfitters in a research note issued on Wednesday, May 22nd. DA Davidson analyst J. Morris now forecasts that the apparel retailer will post earnings per share of $0.62 for the quarter, down from their prior forecast of $0.78. DA Davidson has a “Buy” rating and a $36.00 price target on the stock. DA Davidson also issued estimates for Urban Outfitters’ Q1 2021 earnings at $0.30 EPS.

A number of other research firms have also weighed in on URBN. Wells Fargo & Co dropped their price target on shares of Urban Outfitters from $30.00 to $28.00 and set a “market perform” rating on the stock in a research report on Wednesday. Telsey Advisory Group reissued a “market perform” rating and set a $29.00 price target (down from $33.00) on shares of Urban Outfitters in a research report on Wednesday. BidaskClub raised shares of Urban Outfitters from a “strong sell” rating to a “sell” rating in a research report on Saturday, March 30th. Wedbush raised their price target on shares of Urban Outfitters from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Finally, Zacks Investment Research raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.04.

URBN opened at $24.43 on Friday. Urban Outfitters has a fifty-two week low of $23.65 and a fifty-two week high of $52.50. The stock has a market cap of $2.50 billion, a P/E ratio of 8.88, a PEG ratio of 0.93 and a beta of 0.53.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.02%. The company had revenue of $864.41 million for the quarter, compared to analyst estimates of $857.31 million. During the same period last year, the firm earned $0.38 earnings per share.

In related news, COO Calvin Hollinger sold 23,813 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $29.13, for a total transaction of $693,672.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward N. Antoian sold 18,006 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $33.23, for a total transaction of $598,339.38. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $664,600. The disclosure for this sale can be found here. Insiders have sold 104,200 shares of company stock valued at $3,237,851 in the last 90 days. 24.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. increased its holdings in Urban Outfitters by 31.3% during the fourth quarter. Macquarie Group Ltd. now owns 67,129 shares of the apparel retailer’s stock worth $2,229,000 after buying an additional 16,000 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Urban Outfitters by 73.1% in the fourth quarter. Stifel Financial Corp now owns 36,306 shares of the apparel retailer’s stock worth $1,206,000 after purchasing an additional 15,327 shares in the last quarter. Comerica Bank increased its stake in shares of Urban Outfitters by 1.3% in the fourth quarter. Comerica Bank now owns 49,939 shares of the apparel retailer’s stock worth $1,600,000 after purchasing an additional 653 shares in the last quarter. Morgan Stanley increased its stake in shares of Urban Outfitters by 36.3% in the third quarter. Morgan Stanley now owns 439,308 shares of the apparel retailer’s stock worth $17,967,000 after purchasing an additional 117,075 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Urban Outfitters by 252.5% in the fourth quarter. Bank of Montreal Can now owns 105,273 shares of the apparel retailer’s stock worth $3,495,000 after purchasing an additional 75,409 shares in the last quarter. Institutional investors and hedge funds own 71.91% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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

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