Urban Outfitters Inc. (NASDAQ:URBN) – Stock analysts at Wedbush dropped their Q1 2018 earnings per share (EPS) estimates for Urban Outfitters in a note issued to investors on Friday. Wedbush analyst M. Brown now forecasts that the brokerage will post earnings of $0.29 per share for the quarter, down from their prior forecast of $0.30. Wedbush has a “Outperform” rating and a $34.00 price target on the stock.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.10. The business earned $890.57 million during the quarter, compared to analyst estimates of $886.39 million. Urban Outfitters had a return on equity of 19.57% and a net margin of 6.63%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Goldman Sachs Group Inc. downgraded shares of Urban Outfitters from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $33.00 to $35.00 in a research note on Monday, August 22nd. Vetr upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $37.50 target price for the company in a research note on Wednesday, August 31st. Robert W. Baird reiterated an “outperform” rating and set a $38.00 target price on shares of Urban Outfitters in a research note on Saturday, September 10th. Finally, Piper Jaffray Cos. reiterated a “fair value” rating and set a $42.00 target price (up previously from $32.00) on shares of Urban Outfitters in a research note on Wednesday, August 17th. Twenty-two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $35.63.
Urban Outfitters (NASDAQ:URBN) traded down 1.68% during trading on Monday, hitting $35.69. The company’s stock had a trading volume of 835,787 shares. The company has a 50-day moving average of $35.91 and a 200 day moving average of $31.03. The firm has a market cap of $4.18 billion, a PE ratio of 18.38 and a beta of 0.91. Urban Outfitters has a one year low of $19.26 and a one year high of $37.82.
Large investors have recently added to or reduced their stakes in the company. Exxonmobil Investment Management Inc. TX raised its position in 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 during the period. Chevy Chase Trust Holdings Inc. raised its position in 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 during the period. Fulton Bank N.A. acquired a new position in Urban Outfitters during the third quarter valued at approximately $573,000. Kentucky Retirement Systems acquired a new position in Urban Outfitters during the second quarter valued at approximately $203,000. Finally, Mason Street Advisors LLC acquired a new position in Urban Outfitters during the second quarter valued at approximately $321,000. 72.05% of the stock is owned by institutional investors.
In other news, CFO Frank Conforti sold 4,000 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $37.42, for a total value of $149,680.00. Following the completion of the sale, the chief financial officer now owns 4,000 shares of the company’s stock, valued at approximately $149,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 24.30% of the stock is currently owned by insiders.
About Urban Outfitters
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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