Brokers Set Expectations for Urban Outfitters, Inc.’s FY2019 Earnings (URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) – Analysts at William Blair boosted their FY2019 EPS estimates for shares of Urban Outfitters in a research report issued to clients and investors on Tuesday, November 20th. William Blair analyst D. Carden now forecasts that the apparel retailer will post earnings of $2.74 per share for the year, up from their previous forecast of $2.67. William Blair also issued estimates for Urban Outfitters’ Q1 2020 earnings at $0.41 EPS, Q3 2020 earnings at $0.72 EPS and FY2020 earnings at $2.90 EPS.

Other equities research analysts also recently issued research reports about the company. Nomura upped their price objective on Urban Outfitters from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, August 22nd. Wells Fargo & Co upped their price objective on Urban Outfitters from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, August 22nd. Robert W. Baird downgraded Urban Outfitters from an “outperform” rating to a “neutral” rating and set a $38.00 price objective for the company. in a report on Tuesday, August 14th. They noted that the move was a valuation call. Deutsche Bank upped their price objective on Urban Outfitters from $35.00 to $39.00 and gave the company a “sell” rating in a report on Wednesday, August 22nd. Finally, Loop Capital set a $55.00 price target on Urban Outfitters and gave the stock a “buy” rating in a report on Monday, August 13th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $45.41.

NASDAQ URBN opened at $37.40 on Wednesday. The stock has a market capitalization of $3.99 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.06 and a beta of 0.54. Urban Outfitters has a 12 month low of $28.69 and a 12 month high of $52.50.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Monday, November 19th. The apparel retailer reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business had revenue of $973.50 million during the quarter, compared to the consensus estimate of $967.82 million. Urban Outfitters had a return on equity of 20.65% and a net margin of 5.44%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share.

Institutional investors have recently made changes to their positions in the business. Allianz Asset Management GmbH bought a new position in shares of Urban Outfitters during the first quarter worth about $265,000. State of Alaska Department of Revenue grew its holdings in shares of Urban Outfitters by 40.6% during the second quarter. State of Alaska Department of Revenue now owns 8,970 shares of the apparel retailer’s stock worth $399,000 after buying an additional 2,590 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Urban Outfitters by 86.4% during the second quarter. Bank of Montreal Can now owns 16,562 shares of the apparel retailer’s stock worth $738,000 after buying an additional 7,675 shares in the last quarter. World Asset Management Inc bought a new position in shares of Urban Outfitters during the second quarter worth about $257,000. Finally, Amalgamated Bank grew its holdings in shares of Urban Outfitters by 12.6% during the second quarter. Amalgamated Bank now owns 18,060 shares of the apparel retailer’s stock worth $805,000 after buying an additional 2,017 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

About Urban Outfitters

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

Further Reading: Cost of Equity

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

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