Brokerages expect that Urban Outfitters, Inc. (NASDAQ:URBN) will announce sales of $771.66 million for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Urban Outfitters’ earnings. The lowest sales estimate is $755.49 million and the highest is $812.8 million. Urban Outfitters reported sales of $762.58 million in the same quarter last year, which indicates a positive year over year growth rate of 1.2%. The business is expected to announce its next earnings results after the market closes on Tuesday, May 16th.
According to Zacks, analysts expect that Urban Outfitters will report full-year sales of $771.66 million for the current financial year, with estimates ranging from $3.56 billion to $3.75 billion. For the next financial year, analysts expect that the firm will report sales of $3.73 billion per share, with estimates ranging from $3.62 billion to $3.95 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, March 7th. The apparel retailer reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Urban Outfitters had a net margin of 6.42% and a return on equity of 18.88%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share.
A number of analysts have recently commented on URBN shares. William Blair reiterated an “outperform” rating on shares of Urban Outfitters in a research report on Wednesday, February 8th. MKM Partners reiterated a “sell” rating and set a $20.00 target price on shares of Urban Outfitters in a research report on Friday, March 10th. Wunderlich upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday, January 31st. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Urban Outfitters in a research report on Tuesday, January 10th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $35.00 price target on shares of Urban Outfitters in a research report on Wednesday, March 8th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $31.15.
A number of large investors have recently bought and sold shares of the stock. Robecosam AG raised its stake in Urban Outfitters by 25.0% in the third quarter. Robecosam AG now owns 5,000 shares of the apparel retailer’s stock worth $172,000 after buying an additional 1,000 shares during the last quarter. LS Investment Advisors LLC raised its stake in Urban Outfitters by 117.7% in the first quarter. LS Investment Advisors LLC now owns 8,436 shares of the apparel retailer’s stock worth $200,000 after buying an additional 4,561 shares during the last quarter. Shaker Investments LLC OH bought a new stake in Urban Outfitters during the third quarter worth about $204,000. BRYN MAWR TRUST Co bought a new stake in Urban Outfitters during the third quarter worth about $222,000. Finally, Neuberger Berman Group LLC bought a new stake in Urban Outfitters during the third quarter worth about $239,000. 78.05% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Urban Outfitters (NASDAQ:URBN) traded down 0.13% on Friday, hitting $23.24. The stock had a trading volume of 1,853,238 shares. Urban Outfitters has a 12-month low of $21.83 and a 12-month high of $40.80. The stock has a 50 day moving average price of $23.11 and a 200-day moving average price of $28.24. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 12.49 and a beta of 0.66.
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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