Analysts expect Urban Outfitters (NASDAQ:URBN) to post earnings of $0.76 per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Urban Outfitters’ earnings, with estimates ranging from $0.70 to $0.80. Urban Outfitters posted earnings of $0.44 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 72.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, August 21st.
According to Zacks, analysts expect that Urban Outfitters will report full year earnings of $2.49 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.70. For the next financial year, analysts anticipate that the company will post earnings of $2.71 per share, with EPS estimates ranging from $2.36 to $2.87. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, May 22nd. The apparel retailer reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.08. The business had revenue of $855.70 million during the quarter, compared to the consensus estimate of $837.79 million. Urban Outfitters had a return on equity of 16.13% and a net margin of 3.71%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share.
A number of research firms have issued reports on URBN. BidaskClub downgraded Urban Outfitters from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 23rd. Deutsche Bank increased their price objective on Urban Outfitters from $32.00 to $35.00 and gave the stock a “sell” rating in a report on Tuesday, June 12th. Loop Capital set a $50.00 price objective on Urban Outfitters and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird reiterated a “buy” rating and issued a $42.00 price objective (up previously from $39.00) on shares of Urban Outfitters in a report on Wednesday, March 7th. Finally, KeyCorp reiterated a “positive” rating and issued a $45.00 price objective (up previously from $36.00) on shares of Urban Outfitters in a report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $40.96.
Urban Outfitters opened at $45.09 on Thursday, according to Marketbeat. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 1.49 and a beta of 0.49. Urban Outfitters has a 12-month low of $16.68 and a 12-month high of $48.24.
In related news, General Counsel Azeez Hayne sold 800 shares of the stock in a transaction on Monday, April 9th. The stock was sold at an average price of $39.01, for a total transaction of $31,208.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joel S. Lawson III sold 10,000 shares of the stock in a transaction on Tuesday, May 29th. The shares were sold at an average price of $41.82, for a total value of $418,200.00. Following the sale, the director now directly owns 17,000 shares in the company, valued at $710,940. The disclosure for this sale can be found here. Insiders have sold 298,430 shares of company stock valued at $11,898,893 over the last 90 days. Corporate insiders own 25.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its position in Urban Outfitters by 6.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 357,895 shares of the apparel retailer’s stock worth $12,548,000 after purchasing an additional 21,781 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Urban Outfitters in the fourth quarter worth about $942,000. The Manufacturers Life Insurance Company boosted its position in Urban Outfitters by 7.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 133,642 shares of the apparel retailer’s stock worth $4,686,000 after purchasing an additional 9,487 shares during the last quarter. Arizona State Retirement System boosted its position in Urban Outfitters by 25.3% in the fourth quarter. Arizona State Retirement System now owns 57,651 shares of the apparel retailer’s stock worth $2,021,000 after purchasing an additional 11,623 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Urban Outfitters by 7.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 85,243 shares of the apparel retailer’s stock worth $2,989,000 after purchasing an additional 6,159 shares during the last quarter. 71.07% of the stock is currently owned by institutional investors.
Urban Outfitters Company Profile
Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.
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