Urban Outfitters, Inc. (NASDAQ:URBN) – Stock analysts at Jefferies Financial Group lifted their Q3 2020 earnings estimates for Urban Outfitters in a note issued to investors on Wednesday, May 22nd. Jefferies Financial Group analyst J. Stichter now expects that the apparel retailer will post earnings of $0.63 per share for the quarter, up from their prior forecast of $0.62. Jefferies Financial Group also issued estimates for Urban Outfitters’ Q4 2020 earnings at $0.74 EPS, FY2020 earnings at $2.25 EPS and FY2021 earnings at $2.75 EPS.
A number of other equities analysts have also commented on URBN. Deutsche Bank set a $33.00 price objective on Urban Outfitters and gave the stock a “hold” rating in a research note on Wednesday. MKM Partners dropped their price objective on Urban Outfitters to $28.00 and set a “neutral” rating on the stock in a research note on Thursday. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 price objective (down from $33.00) on shares of Urban Outfitters in a research note on Wednesday. Robert W. Baird dropped their price objective on Urban Outfitters from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Zacks Investment Research lowered Urban Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $38.04.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $864.41 million for the quarter, compared to analyst estimates of $857.31 million. Urban Outfitters had a return on equity of 20.02% and a net margin of 7.31%. During the same period in the previous year, the company posted $0.38 earnings per share.
In related news, COO Calvin Hollinger sold 23,813 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $29.13, for a total transaction of $693,672.69. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Frank Conforti sold 22,937 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $29.30, for a total value of $672,054.10. The disclosure for this sale can be found here. Insiders have sold 104,200 shares of company stock worth $3,237,851 over the last 90 days. Corporate insiders own 24.80% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Urban Outfitters by 6.4% in the 1st quarter. FMR LLC now owns 6,045,443 shares of the apparel retailer’s stock valued at $179,186,000 after purchasing an additional 363,325 shares during the period. AQR Capital Management LLC grew its stake in shares of Urban Outfitters by 8.3% in the 1st quarter. AQR Capital Management LLC now owns 4,494,986 shares of the apparel retailer’s stock valued at $133,231,000 after purchasing an additional 343,355 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Urban Outfitters by 22.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,764,853 shares of the apparel retailer’s stock valued at $111,589,000 after purchasing an additional 680,902 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Urban Outfitters by 1.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,403,910 shares of the apparel retailer’s stock valued at $113,009,000 after purchasing an additional 48,747 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Urban Outfitters by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,640,080 shares of the apparel retailer’s stock valued at $107,979,000 after purchasing an additional 112,852 shares during the period. Institutional investors own 71.91% 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.
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