|Bid||0.00 x 4000|
|Ask||26.00 x 3100|
|Day's Range||25.15 - 25.99|
|52 Week Range||8.81 - 29.20|
|PE Ratio (TTM)||254.50|
|Earnings Date||Jun 1, 2018|
|Forward Dividend & Yield||0.80 (2.85%)|
|1y Target Est||22.54|
As of May 23, Urban Outfitters (URBN) stock is down ~1% after reporting its fiscal Q1 2019 results on May 22. Gross margin was up 130 basis points, while operating margin expanded 354 basis points as expenses leveraged. As of May 23, Urban Outfitters (URBN) stock is up 16.4% on a YTD (year-to-date) basis.
The adjusted EPS growth in the first quarter was driven by higher sales, a lower tax rate, and leverage achieved in SG&A (selling, general, and administrative) expenses. Also, the effective tax rate saw a benefit of 120 basis points due to equity activity. The gross margin rose by 130 basis points to 32.8%.
Urban Outfitters (URBN) reported results for the first quarter of fiscal 2019 on May 22. The company’s sales of $855.7 million topped analysts’ consensus estimate of $838.1 million.
As we discussed in Part 1, L Brands (LB) reported its first-quarter results after the market closed on May 23. While the company missed the earnings expectations, it beat analysts’ top-line expectations.
Last quarter, billionaire David Einhorn took on eight new positions and increased the size of two prior stakes, according to a report by Street Insider. The news became available to the public as a result of the 13F filing submitted to the SEC by Einhorn's Greenlight Capital. Greenlight, along with all other hedge funds and institutional investors managing at least $100 million in assets, was required to submit filings within 45 days of the end of the first quarter of the year.
Ahead of American Eagle Outfitters’ (AEO) upcoming fiscal first-quarter results on May 31, most (53.0%) of the 19 analysts covering the stock recommend “hold,” 42.0% recommend “buy,” and 5.0% recommend “sell.” In the quarter, analysts expect American Eagle Outfitters’ top and bottom lines to grow 5.7% and 37.5%, respectively.
As of May 21, American Eagle Outfitters (AEO) stock had risen 21.1% year-to-date. In comparison, Abercrombie & Fitch (ANF) and Urban Outfitters (URBN) had rise 50.4% and 20.6%, respectively, while Gap (GPS) had fallen 6.9%. The S&P 500 had risen 2.2%.
Analysts expect American Eagle Outfitters’ (AEO) EPS (earnings per share) to grow 37.5% to $0.22 in the fiscal first quarter, marking a significant improvement over the 27% decline witnessed in the prior-year quarter. Improved revenue and profits are expected to cushion its bottom line.
Apparel retailer American Eagle Outfitters (AEO) is scheduled to report its fiscal first-quarter earnings on May 31. Wall Street expects the company’s revenue to grow 5.7% to $805.2 million, marking a significant improvement over the 1.7% growth seen in the prior-year quarter.
Can We Expect Another Strong Quarter from Guess? The five analysts that cover Guess (GES) gave the stock a 2.6 on a scale where one is a “strong buy” and five is a “strong sell.” The company has a better rating than apparel peers Gap (GPS) and Abercrombie & Fitch (ANF), which are rated 3.0 and 2.9, respectively. Urban Outfitters (URBN) and American Eagle Outfitters (AEO), however, have a better ranking of 2.5.
NEW ALBANY, Ohio, May 23, 2018-- Abercrombie & Fitch Co. today reported that on May 22, 2018, the Board of Directors declared a quarterly cash dividend of $0.20 per share on the Class A Common Stock of ...
Guess’s (GES) sluggish sales growth and waning profitability also impacted its stock market performance. The fashion player’s stock lost 60% of its value between 2014 and 2016. However, as the multiyear streak of top-line declines came to a halt in 2017, its stock bounced back, and the share price surged 40% during the year.
NEW YORK , May 23, 2018 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim ...
After Macy’s Inc (NYSE:M) stock rallied in the wake of its stronger-than-expected first quarter results, multiple analysts were bearish on the shares, saying that Macy’s stock probably can’t advance much further going forward. For example, Citi’s Paul Lejuez wrote that Macy’s first quarter results were “as good as it gets” and kept a “Sell” rating on Macy’s stock. As I reported in a previous column, in June 2017, The Wall Street Journal noted that 9% of Macy’s “customers account for 46% of its annual sales.” Macy’s results indicate that those customers have remained quite loyal and are visiting the retailer’s stores even more often.
in March, writing that, "With a bearish momentum divergence on the daily bar chart and a weak MACD oscillator on the weekly chart, we would be cautious of the long side of ANF. In this daily bar chart of ANF, below, we can see a mixed short-term picture. The On-Balance-Volume (OBV) line has leveled off in recent weeks after a strong rise from late August.
Where Is Urban Outfitters stock heading? As of May 16, Urban Outfitters (URBN) stock is up 20.7% on a YTD (year-to-date) basis. In comparison, American Eagle (AEO) and Abercrombie & Fitch (ANF) are up 19.9% and 55.6%, respectively.
Analysts expect Urban Outfitters’ adjusted EPS to be $0.30 in the first quarter of fiscal 2019, more than double the EPS in the corresponding quarter last year. Further, analysts expect the company to report a gross margin of 32.6%, up 110 basis points on a YoY basis in the first quarter of fiscal 2019. Urban Outfitters expects its gross margin to expand 100 basis points on a YoY basis driven by a reduction in markdowns.
The majority of the analysts covering Urban Outfitters (URBN) stock have maintained a “hold” rating ahead of its upcoming fiscal Q1 2019 results, which the company plans to release on May 22. Over the past 30 days, the target price was revised just once. On April 16, JPMorgan revised its target price for Urban Outfitters stock to $46.00 from the $43.00 projected earlier and retained the “overweight” rating.
David Einhorn’s Greenlight Capital added 2.1 million shares of Office Depot Inc (NASDAQ:ODP) and 212,500 shares of Abercrombie & Fitch Co. (NYSE:ANF) in the first quarter while also jettisoning some well-known names. With retail seemingly in a better place these days, does either Office Depot stock or ANF stock make sense in your portfolio? Office Depot stock is down 33% year to date through May 15.
NEW YORK, May 17, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Apogee ...
The hedge fund reported holding 2.1 million shares of Office Depot and 212,500 shares of Abercrombie as of the end of the first quarter
Companies, just like people, grow and change over time. Sometimes, as is also the case with people, that growth and change can be for the better. Other times, it can be for the worse.
NEW ALBANY, Ohio, May 11, 2018-- Abercrombie & Fitch Co. will be holding its quarterly earnings conference call for all interested parties on Friday, June 1, 2018, at 8:30 a.m. ET. A press release detailing ...