Urban Outfitters, Inc. (NASDAQ:URBN – Free Report) – Equities researchers at Zacks Research upped their Q3 2024 earnings estimates for shares of Urban Outfitters in a report issued on Tuesday, September 5th. Zacks Research analyst A. Bhattacharjee now anticipates that the apparel retailer will post earnings per share of $0.78 for the quarter, up from their previous estimate of $0.77. The consensus estimate for Urban Outfitters’ current full-year earnings is $3.18 per share. Zacks Research also issued estimates for Urban Outfitters’ Q4 2024 earnings at $0.73 EPS, Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.96 EPS, Q3 2025 earnings at $0.86 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $3.24 EPS, Q1 2026 earnings at $0.59 EPS, Q2 2026 earnings at $0.95 EPS and FY2026 earnings at $3.31 EPS.
Other equities analysts also recently issued reports about the stock. UBS Group lifted their price objective on shares of Urban Outfitters from $20.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday, August 23rd. Morgan Stanley boosted their price target on shares of Urban Outfitters from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, August 23rd. Bank of America boosted their price target on shares of Urban Outfitters from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. BMO Capital Markets boosted their price target on shares of Urban Outfitters from $31.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday, August 23rd. Finally, TheStreet raised shares of Urban Outfitters from a “c” rating to a “b” rating in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $36.36.
Urban Outfitters Price Performance
URBN opened at $32.31 on Wednesday. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 0.44 and a beta of 1.51. The firm’s fifty day moving average price is $34.73 and its two-hundred day moving average price is $30.54. Urban Outfitters has a 1 year low of $18.75 and a 1 year high of $37.81.
Urban Outfitters (NASDAQ:URBN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 22nd. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.21. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. Urban Outfitters had a net margin of 4.56% and a return on equity of 12.51%. Urban Outfitters’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS.
Institutional Investors Weigh In On Urban Outfitters
Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors raised its stake in Urban Outfitters by 148.5% in the second quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 916 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Urban Outfitters in the second quarter valued at approximately $31,000. Covestor Ltd raised its stake in Urban Outfitters by 561.6% in the second quarter. Covestor Ltd now owns 999 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 848 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Urban Outfitters in the second quarter valued at approximately $33,000. Finally, Lazard Asset Management LLC purchased a new stake in Urban Outfitters in the second quarter valued at approximately $52,000. 70.21% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Urban Outfitters
In other news, Director Todd R. Morgenfeld sold 5,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $32.58, for a total value of $162,900.00. Following the sale, the director now directly owns 19,000 shares of the company’s stock, valued at $619,020. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 31.90% 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 through three segments: Retail, Wholesale, and Nully. 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 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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