Jefferies Group Weighs in on Urban Outfitters, Inc.’s Q4 2018 Earnings (URBN)

Urban Outfitters, Inc. (NASDAQ:URBN) – Equities researchers at Jefferies Group reduced their Q4 2018 earnings per share (EPS) estimates for Urban Outfitters in a research note issued on Tuesday. Jefferies Group analyst R. Konik now anticipates that the apparel retailer will post earnings of $0.63 per share for the quarter, down from their prior estimate of $0.64. Jefferies Group has a “Buy” rating and a $40.00 price objective on the stock. Jefferies Group also issued estimates for Urban Outfitters’ FY2019 earnings at $1.79 EPS.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.08. The company had revenue of $892.77 million for the quarter, compared to analyst estimates of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS.

URBN has been the topic of a number of other reports. Zacks Investment Research lowered shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 6th. Buckingham Research increased their price objective on shares of Urban Outfitters from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Wells Fargo & Co reiterated a “market perform” rating and set a $28.00 price objective (up from $19.00) on shares of Urban Outfitters in a report on Tuesday, November 21st. Telsey Advisory Group increased their price objective on shares of Urban Outfitters from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $21.00 price objective on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $26.10.

Urban Outfitters (NASDAQ:URBN) traded up $0.40 during trading hours on Thursday, reaching $34.64. 2,149,986 shares of the company’s stock were exchanged, compared to its average volume of 3,248,122. The stock has a market cap of $3,750.00, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.83 and a beta of 0.73. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $36.10.

A number of large investors have recently modified their holdings of URBN. Sun Life Financial INC acquired a new stake in Urban Outfitters in the second quarter valued at approximately $151,000. Pacad Investment Ltd. acquired a new stake in Urban Outfitters in the second quarter valued at approximately $191,000. BT Investment Management Ltd acquired a new stake in Urban Outfitters in the second quarter valued at approximately $196,000. Oppenheimer Asset Management Inc. grew its position in Urban Outfitters by 0.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock valued at $198,000 after acquiring an additional 43 shares in the last quarter. Finally, Invictus RG acquired a new stake in Urban Outfitters in the third quarter valued at approximately $241,000. 86.24% of the stock is owned by 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.

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

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