Brokerages predict that Urban Outfitters, Inc. (NASDAQ:URBN) will post $968.80 million in sales for the current quarter, Zacks reports. Twelve analysts have issued estimates for Urban Outfitters’ earnings. The lowest sales estimate is $957.69 million and the highest is $985.00 million. Urban Outfitters reported sales of $892.77 million in the same quarter last year, which indicates a positive year over year growth rate of 8.5%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, November 19th.
According to Zacks, analysts expect that Urban Outfitters will report full-year sales of $3.96 billion for the current financial year, with estimates ranging from $3.93 billion to $3.98 billion. For the next financial year, analysts forecast that the firm will report sales of $4.12 billion, with estimates ranging from $4.02 billion to $4.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, August 21st. The apparel retailer reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.07. Urban Outfitters had a return on equity of 18.92% and a net margin of 4.71%. The company had revenue of $992.50 million for the quarter, compared to analysts’ expectations of $980.19 million. During the same period last year, the firm earned $0.44 earnings per share. Urban Outfitters’s quarterly revenue was up 13.7% on a year-over-year basis.
URBN has been the topic of a number of research analyst reports. MKM Partners lifted their target price on Urban Outfitters to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. BidaskClub upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. ValuEngine cut Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. Deutsche Bank lifted their target price on Urban Outfitters from $35.00 to $39.00 and gave the stock a “sell” rating in a research report on Wednesday, August 22nd. Finally, DA Davidson initiated coverage on Urban Outfitters in a research report on Tuesday, September 25th. They set a “neutral” rating and a $40.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $45.83.
In related news, CEO Trish Donnelly sold 19,332 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $46.10, for a total transaction of $891,205.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 25.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Urban Outfitters by 7.9% during the second quarter. BlackRock Inc. now owns 10,188,634 shares of the apparel retailer’s stock worth $453,903,000 after buying an additional 749,276 shares during the last quarter. FMR LLC boosted its holdings in Urban Outfitters by 79.7% in the 2nd quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock valued at $350,737,000 after purchasing an additional 3,492,613 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Urban Outfitters by 3.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,355,163 shares of the apparel retailer’s stock valued at $137,226,000 after purchasing an additional 122,134 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in Urban Outfitters by 59.0% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,718,187 shares of the apparel retailer’s stock valued at $111,173,000 after purchasing an additional 1,008,156 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Urban Outfitters by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,640,080 shares of the apparel retailer’s stock valued at $107,979,000 after purchasing an additional 112,852 shares in the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of URBN traded down $0.92 during midday trading on Monday, reaching $40.44. 2,111,280 shares of the stock were exchanged, compared to its average volume of 2,276,952. Urban Outfitters has a twelve month low of $24.58 and a twelve month high of $52.50. The stock has a market capitalization of $4.44 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 1.20 and a beta of 0.54.
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.
Recommended Story: Capital gains and your 401(k) or IRA
Get a free copy of the Zacks research report on Urban Outfitters (URBN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.