Equities research analysts expect that Urban Outfitters, Inc. (NASDAQ:URBN) will report earnings of $0.39 per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Urban Outfitters’ earnings, with estimates ranging from $0.31 to $0.51. Urban Outfitters posted earnings of $0.66 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 40.9%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, August 15th.
On average, analysts expect that Urban Outfitters will report full year earnings of $1.43 per share for the current financial year, with EPS estimates ranging from $1.16 to $1.59. For the next fiscal year, analysts anticipate that the business will post earnings of $1.56 per share, with EPS estimates ranging from $1.23 to $1.73. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.03. Urban Outfitters had a return on equity of 15.88% and a net margin of 5.66%. The firm had revenue of $761.20 million for the quarter, compared to analyst estimates of $768.95 million. During the same period in the prior year, the firm posted $0.25 EPS. The business’s revenue was down .2% compared to the same quarter last year.
URBN has been the subject of several recent research reports. Wedbush decreased their target price on shares of Urban Outfitters to $26.00 in a research note on Wednesday, March 8th. Jefferies Group LLC reiterated a “buy” rating and set a $35.00 target price on shares of Urban Outfitters in a research note on Wednesday, March 8th. Bank of America Corporation reiterated a “buy” rating and set a $25.00 target price (down previously from $30.00) on shares of Urban Outfitters in a research note on Wednesday, May 17th. Morgan Stanley reiterated an “equal weight” rating and set a $19.00 target price (down previously from $27.00) on shares of Urban Outfitters in a research note on Friday, May 19th. Finally, Mizuho downgraded shares of Urban Outfitters to a “hold” rating in a research note on Saturday, March 11th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company. Urban Outfitters currently has an average rating of “Hold” and an average price target of $26.22.
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A number of hedge funds have recently added to or reduced their stakes in URBN. Russell Investments Group Ltd. purchased a new stake in Urban Outfitters during the fourth quarter valued at approximately $6,271,000. Comerica Bank boosted its stake in Urban Outfitters by 93.7% in the fourth quarter. Comerica Bank now owns 41,470 shares of the apparel retailer’s stock valued at $1,122,000 after buying an additional 20,058 shares during the last quarter. FMR LLC boosted its stake in Urban Outfitters by 7.6% in the fourth quarter. FMR LLC now owns 5,422,942 shares of the apparel retailer’s stock valued at $154,445,000 after buying an additional 383,364 shares during the last quarter. Credit Agricole S A boosted its stake in Urban Outfitters by 11.2% in the fourth quarter. Credit Agricole S A now owns 18,080 shares of the apparel retailer’s stock valued at $515,000 after buying an additional 1,816 shares during the last quarter. Finally, Allianz Asset Management AG purchased a new stake in Urban Outfitters during the fourth quarter valued at approximately $548,000. 82.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 0.42% during mid-day trading on Friday, reaching $19.00. The company’s stock had a trading volume of 1,414,572 shares. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $40.80. The company’s 50-day moving average is $18.75 and its 200-day moving average is $23.96. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.09 and a beta of 0.65.
About Urban Outfitters
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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