FBR & Co Analysts Reduce Earnings Estimates for Urban Outfitters, Inc. (URBN)

Apparel retailer Urban Outfitters (URBN), communications company Frontier Communications (FTR) and solar-energy firm First Solar (FSLR) will be removed from the S&P 500 index as of March 20, S&P Dow Jones Indices said on Friday.

Macy's, Inc.'s Average Earnings Estimate for the current quarter is $0.35, according to consensus of 10 analysts. Urban Outfitters had a return on equity of 18.88% and a net margin of 6.42%. The company's revenue was up 1.7% compared to the same quarter a year ago. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 24.72 on Wednesday.

Urban Outfitters, (NASDAQ:URBN) said, its profits came down to $64.3m, or 55 cents a share, in the three months ended in January, in contrast with $72.9 million, or 61 cents a share, it posted in the same period past year. Telsey Advisory Group dropped their target price on shares of Urban Outfitters from $39.00 to $31.00 and set a "market perform" rating for the company in a research report on Tuesday.

Analysts at Oppenheimer Holdings increased their Q4 2018 EPS estimates for Urban Outfitters in a note issued to investors on Tuesday. Cowen and Company dropped their price target on Urban Outfitters to $26.00 in a research note on Wednesday.

United States Steel Corporation (NYSE:X) right now sits at consensus rating of 2.50 while 3 analysts have advocated the shares as "BUY", 3 calls it an "OUTPERFORM" and 8 suggest "HOLD". Urban Outfitters has an average rating of "Hold" and an average price target of $35.62. (NASDAQ:URBN) a rating of 2.42 on a scale of 1 to 5. According to their observations and findings, the stock could provide a high EPS of $0.24/share and a Low EPS of $0.13/share. Urban Outfitters, Inc. (NASDAQ:URBN), at its latest closing price of $24.72, it has a price-to-book ratio of 2.19, compared to an industry average at 3.92. The stock's price moved up its 200-day moving average of $37.70. Finally, Guggenheim Capital LLC boosted its position in Urban Outfitters by 93.2% in the fourth quarter. With an institutional ownership near 82%, it carries an earnings per share ratio of 1.93. Robecosam AG purchased a new position in shares of Urban Outfitters during the second quarter worth $108,000. Norges Bank purchased a new stake in Urban Outfitters during the fourth quarter valued at approximately $27,485,000. People s United Financial Inc. now owns 23,459 shares of the apparel retailer's stock valued at $810,000 after buying an additional 180 shares during the last quarter. TX now owns 22,731 shares of the apparel retailer's stock valued at $785,000 after buying an additional 297 shares during the last quarter.

In related news, General Counsel Azeez Hayne sold 6,260 shares of Urban Outfitters stock in a transaction on Monday, November 14th. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. AQR Capital Management LLC now owns 3,011,308 shares of the apparel retailer's stock valued at $85,762,000 after buying an additional 312,396 shares during the last quarter.

Returns and Valuations for Urban Outfitters, Inc. The Company operates through two business 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.

  • Salvatore Jensen