Urban Outfitters, Inc. (NASDAQ:URBN) Expected to Announce Quarterly Sales of $1.17 Billion

Equities analysts predict that Urban Outfitters, Inc. (NASDAQ:URBN) will announce sales of $1.17 billion for the current quarter, Zacks reports. Ten analysts have provided estimates for Urban Outfitters’ earnings, with the highest sales estimate coming in at $1.22 billion and the lowest estimate coming in at $1.15 billion. Urban Outfitters posted sales of $1.13 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, March 3rd.

According to Zacks, analysts expect that Urban Outfitters will report full-year sales of $3.99 billion for the current year, with estimates ranging from $3.97 billion to $4.04 billion. For the next year, analysts anticipate that the firm will report sales of $4.16 billion, with estimates ranging from $4.08 billion to $4.27 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 19th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The company had revenue of $987.47 million during the quarter, compared to analyst estimates of $1 billion. Urban Outfitters had a net margin of 5.96% and a return on equity of 16.67%. Urban Outfitters’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 EPS.

A number of equities analysts have weighed in on URBN shares. Barclays reissued a “neutral” rating on shares of Urban Outfitters in a research report on Thursday, November 21st. Royal Bank of Canada lowered their price target on Urban Outfitters from $28.00 to $25.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 20th. MKM Partners lowered their price target on Urban Outfitters to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Robert W. Baird lowered their price target on Urban Outfitters from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. Finally, B. Riley reiterated a “hold” rating and set a $23.00 price target on shares of Urban Outfitters in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Urban Outfitters presently has a consensus rating of “Hold” and a consensus price target of $29.50.

Institutional investors and hedge funds have recently bought and sold shares of the business. Huntington National Bank lifted its stake in shares of Urban Outfitters by 136.4% in the 2nd quarter. Huntington National Bank now owns 1,300 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 750 shares in the last quarter. Kistler Tiffany Companies LLC purchased a new stake in Urban Outfitters during the 3rd quarter worth approximately $33,000. Compagnie Lombard Odier SCmA purchased a new stake in Urban Outfitters during the 2nd quarter worth approximately $46,000. Signaturefd LLC increased its holdings in Urban Outfitters by 71.4% during the 2nd quarter. Signaturefd LLC now owns 2,112 shares of the apparel retailer’s stock worth $48,000 after purchasing an additional 880 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Urban Outfitters by 37.1% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,480 shares of the apparel retailer’s stock worth $80,000 after purchasing an additional 941 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

NASDAQ URBN traded down $0.17 during trading on Friday, reaching $25.49. 840,699 shares of the company’s stock were exchanged, compared to its average volume of 3,296,806. The business has a 50 day moving average price of $28.41 and a 200-day moving average price of $24.97. The stock has a market capitalization of $2.46 billion, a P/E ratio of 9.27, a PEG ratio of 1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.57 and a quick ratio of 0.82. Urban Outfitters has a fifty-two week low of $19.63 and a fifty-two week high of $39.54.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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