Equities Analysts Set Expectations for Urban Outfitters, Inc.’s Q2 2018 Earnings (URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) – Wedbush increased their Q2 2018 earnings per share (EPS) estimates for Urban Outfitters in a research note issued to investors on Monday. Wedbush analyst M. Brown now expects that the brokerage will earn $0.69 per share for the quarter, up from their prior estimate of $0.68. Wedbush has a “Neutral” rating on the stock.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.04. The business had revenue of $862.50 million for the quarter. Urban Outfitters had a return on equity of 18.88% and a net margin of 6.42%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS.

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

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Several other research analysts have also commented on the stock. Vetr lowered shares of Urban Outfitters from a “buy” rating to a “strong sell” rating and set a $33.77 price target on the stock. in a research note on Tuesday, November 15th. Jefferies Group LLC set a $45.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a research note on Monday, October 24th. Wunderlich upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Thursday, November 10th. Zacks Investment Research lowered shares of Urban Outfitters from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 24th. Finally, William Blair restated an “outperform” rating on shares of Urban Outfitters in a research note on Wednesday, February 8th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $34.72.

Urban Outfitters (NASDAQ:URBN) traded up 1.63% during midday trading on Wednesday, reaching $27.36. 868,439 shares of the company traded hands. Urban Outfitters has a 12 month low of $24.29 and a 12 month high of $40.80. The firm’s 50 day moving average price is $26.99 and its 200 day moving average price is $32.35. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 14.22 and a beta of 0.66.

Institutional investors have recently made changes to their positions in the stock. People s United Financial Inc. increased its position in shares of Urban Outfitters by 0.8% in the third quarter. People s United Financial Inc. now owns 23,459 shares of the apparel retailer’s stock valued at $810,000 after buying an additional 180 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Urban Outfitters by 0.3% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 74,289 shares of the apparel retailer’s stock valued at $2,564,000 after buying an additional 255 shares in the last quarter. Aperio Group LLC increased its position in shares of Urban Outfitters by 3.0% in the third quarter. Aperio Group LLC now owns 8,980 shares of the apparel retailer’s stock valued at $310,000 after buying an additional 258 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of Urban Outfitters by 1.3% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 22,731 shares of the apparel retailer’s stock valued at $785,000 after buying an additional 297 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Urban Outfitters by 3.0% in the third quarter. Pacer Advisors Inc. now owns 10,500 shares of the apparel retailer’s stock valued at $362,000 after buying an additional 306 shares in the last quarter. 78.05% of the stock is owned by hedge funds and other institutional investors.

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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.

5 Day Chart for NASDAQ:URBN

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