FY2019 EPS Estimates for Urban Outfitters, Inc. (URBN) Lifted by Jefferies Financial Group

Urban Outfitters, Inc. (NASDAQ:URBN) – Analysts at Jefferies Financial Group boosted their FY2019 earnings per share estimates for shares of Urban Outfitters in a research report issued to clients and investors on Tuesday, November 20th. Jefferies Financial Group analyst J. Stichter now expects that the apparel retailer will earn $2.76 per share for the year, up from their prior estimate of $2.70. Jefferies Financial Group currently has a “Buy” rating and a $58.00 price objective on the stock. Jefferies Financial Group also issued estimates for Urban Outfitters’ FY2020 earnings at $2.98 EPS.

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

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

Shares of URBN opened at $36.16 on Thursday. Urban Outfitters has a fifty-two week low of $29.82 and a fifty-two week high of $52.50. The stock has a market cap of $4.08 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.08 and a beta of 0.54.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Urban Outfitters by 7.9% during the 2nd quarter. BlackRock Inc. now owns 10,188,634 shares of the apparel retailer’s stock valued at $453,903,000 after acquiring an additional 749,276 shares during the period. Vanguard Group Inc. lifted its position in shares of Urban Outfitters by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,466,147 shares of the apparel retailer’s stock valued at $346,266,000 after acquiring an additional 406,691 shares during the period. FMR LLC lifted its position in shares of Urban Outfitters by 79.7% during the 2nd quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock valued at $350,737,000 after acquiring an additional 3,492,613 shares during the period. AQR Capital Management LLC lifted its position in shares of Urban Outfitters by 547.6% during the 3rd quarter. AQR Capital Management LLC now owns 4,487,410 shares of the apparel retailer’s stock valued at $183,535,000 after acquiring an additional 3,794,451 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Urban Outfitters by 3.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,355,163 shares of the apparel retailer’s stock valued at $137,226,000 after acquiring an additional 122,134 shares during the period. 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: Balance Sheet

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

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