S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13

FY2022 EPS Estimates for Urban Outfitters, Inc. Lifted by Analyst (NASDAQ:URBN)

Last updated on Friday, November 26, 2021 | 2021 MarketBeat

Urban Outfitters, Inc. (NASDAQ:URBN) - Investment analysts at Jefferies Financial Group boosted their FY2022 earnings estimates for Urban Outfitters in a research note issued on Tuesday, November 23rd. Jefferies Financial Group analyst J. Stichter now forecasts that the apparel retailer will post earnings per share of $3.51 for the year, up from their prior estimate of $3.29. Jefferies Financial Group has a "Buy" rating and a $49.00 price objective on the stock. Jefferies Financial Group also issued estimates for Urban Outfitters' Q4 2022 earnings at $0.80 EPS. Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, November 22nd. The apparel retailer reported $0.89 EPS for the quarter, beating the Zacks' consensus estimate of $0.84 by $0.05. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Urban Outfitters had a return on equity of 18.77% and a net margin of 6.91%. Urban Outfitters's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share.

Several other research firms have also recently weighed in on URBN. Zacks Investment Research cut Urban Outfitters from a "strong-buy" rating to a "sell" rating and set a $33.00 price target on the stock. in a report on Tuesday, October 26th. B. Riley upgraded Urban Outfitters from a "neutral" rating to a "buy" rating and upped their target price for the company from $36.00 to $45.00 in a report on Tuesday, November 16th. MKM Partners upped their target price on Urban Outfitters from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, August 25th. BMO Capital Markets upped their target price on Urban Outfitters from $35.00 to $37.00 and gave the company a "market perform" rating in a report on Wednesday, August 25th. Finally, Wells Fargo & Company reduced their target price on Urban Outfitters from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Friday, October 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Urban Outfitters currently has a consensus rating of "Hold" and a consensus target price of $39.82.

NASDAQ:URBN opened at $33.04 on Wednesday. The stock has a market cap of $3.25 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 0.59 and a beta of 1.57. The stock's 50-day moving average is $32.54 and its 200-day moving average is $35.49. Urban Outfitters has a 1-year low of $24.40 and a 1-year high of $42.10.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank raised its position in Urban Outfitters by 80.0% in the 3rd quarter. Comerica Bank now owns 69,375 shares of the apparel retailer's stock valued at $2,358,000 after buying an additional 30,823 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Urban Outfitters by 8.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,254,785 shares of the apparel retailer's stock valued at $37,255,000 after purchasing an additional 93,523 shares during the last quarter. Gyon Technologies Capital Management LP increased its position in shares of Urban Outfitters by 87.9% during the 3rd quarter. Gyon Technologies Capital Management LP now owns 12,809 shares of the apparel retailer's stock valued at $380,000 after purchasing an additional 5,993 shares during the last quarter. Easterly Investment Partners LLC purchased a new stake in shares of Urban Outfitters during the 3rd quarter valued at $5,426,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Urban Outfitters during the 3rd quarter valued at $205,000. 68.64% of the stock is owned by institutional investors and hedge funds.

In other news, CAO Azeez Hayne sold 1,100 shares of the company's stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $35.00, for a total transaction of $38,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 27.50% of the stock is owned by corporate insiders.

About Urban Outfitters

Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.

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Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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