Oppenheimer Holdings, Inc. restated their hold rating on shares of Urban Outfitters, Inc. (NASDAQ:URBN) in a research report report published on Tuesday morning. Oppenheimer Holdings also issued estimates for Urban Outfitters’ Q4 2018 earnings at $0.48 EPS, FY2018 earnings at $1.32 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.54 EPS and FY2019 earnings at $1.52 EPS.
A number of other brokerages also recently commented on URBN. Deutsche Bank AG restated a hold rating and set a $18.00 price objective (down from $19.00) on shares of Urban Outfitters in a research note on Friday, August 11th. FBR & Co lowered their price objective on Urban Outfitters from $24.00 to $16.00 and set a neutral rating for the company in a research note on Tuesday. Royal Bank Of Canada set a $22.00 price objective on Urban Outfitters and gave the stock a hold rating in a research note on Monday, May 15th. UBS AG restated a neutral rating and set a $21.00 price objective (down from $25.00) on shares of Urban Outfitters in a research note on Wednesday, May 17th. Finally, Wolfe Research downgraded Urban Outfitters from an outperform rating to a peer perform rating in a research note on Tuesday, May 9th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $23.76.
Urban Outfitters (URBN) opened at 19.27 on Tuesday. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $40.80. The stock’s 50 day moving average is $18.47 and its 200-day moving average is $21.55. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 12.90 and a beta of 0.66. Urban Outfitters also was the recipient of unusually large options trading on Wednesday. Stock investors bought 11,748 call options on the company. This represents an increase of 329% compared to the average daily volume of 2,741 call options.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, August 15th. The apparel retailer reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The firm had revenue of $873 million during the quarter, compared to the consensus estimate of $860.80 million. Urban Outfitters had a return on equity of 13.61% and a net margin of 4.92%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. On average, equities research analysts expect that Urban Outfitters will post $1.43 earnings per share for the current year.
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A number of large investors have recently made changes to their positions in the company. Thompson Investment Management Inc. increased its stake in shares of Urban Outfitters by 10.2% in the first quarter. Thompson Investment Management Inc. now owns 101,882 shares of the apparel retailer’s stock valued at $2,421,000 after buying an additional 9,414 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Urban Outfitters by 1,163.0% in the first quarter. Great West Life Assurance Co. Can now owns 301,564 shares of the apparel retailer’s stock valued at $7,168,000 after buying an additional 277,687 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Urban Outfitters by 14.2% in the first quarter. Canada Pension Plan Investment Board now owns 208,762 shares of the apparel retailer’s stock valued at $4,960,000 after buying an additional 26,000 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Urban Outfitters by 337.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 40,824 shares of the apparel retailer’s stock valued at $970,000 after buying an additional 31,500 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Urban Outfitters during the first quarter valued at about $4,158,000. 83.99% of the stock is owned by hedge funds and other institutional investors.
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.
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