FY2020 Earnings Forecast for Urban Outfitters, Inc. Issued By William Blair (NASDAQ:URBN)

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Urban Outfitters, Inc. (NASDAQ:URBN) – Research analysts at William Blair raised their FY2020 earnings per share (EPS) estimates for shares of Urban Outfitters in a report released on Tuesday, February 11th. William Blair analyst D. Carden now forecasts that the apparel retailer will post earnings per share of $2.13 for the year, up from their prior estimate of $2.11. William Blair currently has a “Hold” rating on the stock. William Blair also issued estimates for Urban Outfitters’ Q4 2020 earnings at $0.66 EPS and Q4 2021 earnings at $0.73 EPS.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 19th. The apparel retailer reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.01). The business had revenue of $987.47 million for the quarter, compared to analyst estimates of $1 billion. Urban Outfitters had a net margin of 5.96% and a return on equity of 16.67%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 EPS.

Other equities analysts have also issued research reports about the stock. Morgan Stanley restated a “buy” rating and set a $32.00 target price (down previously from $34.00) on shares of Urban Outfitters in a report on Thursday, November 21st. BMO Capital Markets assumed coverage on shares of Urban Outfitters in a report on Monday, February 3rd. They set a “market perform” rating and a $26.00 target price on the stock. B. Riley restated a “hold” rating and set a $23.00 target price on shares of Urban Outfitters in a report on Friday, January 10th. Royal Bank of Canada cut their price objective on shares of Urban Outfitters from $28.00 to $25.00 and set a “market perform” rating on the stock in a report on Wednesday, November 20th. Finally, TheStreet lowered shares of Urban Outfitters from a “b-” rating to a “c+” rating in a report on Friday, December 13th. Sixteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Urban Outfitters currently has a consensus rating of “Hold” and a consensus price target of $28.41.

NASDAQ:URBN opened at $28.25 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.82 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.12 and a beta of 0.77. The firm’s fifty day simple moving average is $26.94 and its 200 day simple moving average is $26.13. Urban Outfitters has a twelve month low of $19.63 and a twelve month high of $34.24.

A number of hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd grew its position in Urban Outfitters by 136.4% in the 4th quarter. Point72 Hong Kong Ltd now owns 2,392 shares of the apparel retailer’s stock worth $66,000 after purchasing an additional 1,380 shares during the last quarter. Ancora Advisors LLC grew its position in Urban Outfitters by 30.3% in the 4th quarter. Ancora Advisors LLC now owns 190,160 shares of the apparel retailer’s stock worth $5,281,000 after purchasing an additional 44,250 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Urban Outfitters by 0.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 101,177 shares of the apparel retailer’s stock worth $2,810,000 after purchasing an additional 864 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Urban Outfitters in the 4th quarter worth about $606,000. Finally, Goldman Sachs Group Inc. grew its position in Urban Outfitters by 43.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 964,864 shares of the apparel retailer’s stock worth $26,794,000 after purchasing an additional 290,470 shares during the last quarter. Hedge funds and other institutional investors own 81.49% 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.

See Also: Balance Sheet

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

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