Urban Outfitters, Inc. (NASDAQ:URBN) – Equities researchers at B. Riley lowered their Q2 2020 earnings per share estimates for shares of Urban Outfitters in a research report issued on Thursday, August 15th. B. Riley analyst S. Anderson now forecasts that the apparel retailer will earn $0.57 per share for the quarter, down from their prior estimate of $0.62. B. Riley currently has a “Neutral” rating and a $23.00 target price on the stock. B. Riley also issued estimates for Urban Outfitters’ Q3 2020 earnings at $0.59 EPS, Q4 2020 earnings at $0.81 EPS, FY2020 earnings at $2.28 EPS and FY2021 earnings at $2.33 EPS.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, August 20th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company had revenue of $962.30 million for the quarter, compared to the consensus estimate of $981.40 million. Urban Outfitters had a return on equity of 20.07% and a net margin of 7.31%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share.
Shares of NASDAQ:URBN opened at $20.91 on Monday. The company has a market cap of $2.05 billion, a P/E ratio of 7.60, a P/E/G ratio of 0.77 and a beta of 0.76. The stock’s 50-day moving average is $22.46 and its 200-day moving average is $26.75. Urban Outfitters has a 52-week low of $19.63 and a 52-week high of $52.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.76.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in Urban Outfitters by 6.4% during the first quarter. FMR LLC now owns 6,045,443 shares of the apparel retailer’s stock worth $179,186,000 after purchasing an additional 363,325 shares during the period. Dimensional Fund Advisors LP lifted its stake in Urban Outfitters by 8.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,083,951 shares of the apparel retailer’s stock worth $102,389,000 after purchasing an additional 227,342 shares during the period. Bank of New York Mellon Corp lifted its stake in Urban Outfitters by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 1,842,593 shares of the apparel retailer’s stock worth $41,918,000 after purchasing an additional 160,628 shares during the period. Invesco Ltd. lifted its stake in Urban Outfitters by 1.4% during the second quarter. Invesco Ltd. now owns 1,408,688 shares of the apparel retailer’s stock worth $32,048,000 after purchasing an additional 20,062 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in Urban Outfitters by 35.1% during the second quarter. Parametric Portfolio Associates LLC now owns 1,096,381 shares of the apparel retailer’s stock worth $24,943,000 after purchasing an additional 284,988 shares during the period. Hedge funds and other institutional investors own 74.10% 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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