Brokerages expect Urban Outfitters, Inc. (NASDAQ:URBN) to report $1.09 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Urban Outfitters’ earnings. The highest sales estimate is $1.09 billion and the lowest is $1.08 billion. Urban Outfitters reported sales of $1.03 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The company is expected to issue its next earnings results after the market closes on Tuesday, March 6th.
On average, analysts expect that Urban Outfitters will report full year sales of $1.09 billion for the current year, with estimates ranging from $3.60 billion to $3.62 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.73 billion per share, with estimates ranging from $3.69 billion to $3.79 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The company had revenue of $892.77 million during the quarter, compared to the consensus estimate of $860.64 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 6th. Buckingham Research raised their price objective on shares of Urban Outfitters from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Wells Fargo & Co reissued a “market perform” rating and set a $28.00 price objective (up previously from $19.00) on shares of Urban Outfitters in a report on Tuesday, November 21st. Telsey Advisory Group raised their price objective on shares of Urban Outfitters from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $21.00 price objective on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and ten have given a buy rating to the company’s stock. Urban Outfitters currently has an average rating of “Hold” and an average target price of $26.62.
Shares of Urban Outfitters (NASDAQ URBN) traded down $0.69 during trading on Tuesday, reaching $35.38. 1,332,182 shares of the company were exchanged, compared to its average volume of 2,470,000. Urban Outfitters has a one year low of $16.19 and a one year high of $36.49. The stock has a market capitalization of $3,830.00, a P/E ratio of 23.59, a P/E/G ratio of 1.53 and a beta of 0.62.
Several institutional investors have recently made changes to their positions in URBN. Senvest Management LLC acquired a new position in shares of Urban Outfitters in the 3rd quarter valued at $36,629,000. Dimensional Fund Advisors LP increased its holdings in shares of Urban Outfitters by 84.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,199,015 shares of the apparel retailer’s stock valued at $59,310,000 after acquiring an additional 1,462,130 shares during the period. Two Sigma Investments LP increased its stake in Urban Outfitters by 338.9% in the 4th quarter. Two Sigma Investments LP now owns 1,357,287 shares of the apparel retailer’s stock valued at $47,586,000 after buying an additional 1,048,052 shares during the period. Two Sigma Advisers LP increased its stake in Urban Outfitters by 263.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,137,687 shares of the apparel retailer’s stock valued at $39,887,000 after buying an additional 824,876 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in Urban Outfitters by 59.2% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock valued at $33,928,000 after buying an additional 680,511 shares during the period. 83.54% of the stock is currently owned by institutional investors and hedge funds.
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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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