Urban Outfitters, Inc. (NASDAQ:URBN) Expected to Announce Earnings of $0.72 Per Share

Analysts predict that Urban Outfitters, Inc. (NASDAQ:URBN) will report earnings of $0.72 per share for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Urban Outfitters’ earnings. The highest EPS estimate is $0.83 and the lowest is $0.67. Urban Outfitters reported earnings per share of $0.83 in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.3%. The company is expected to issue its next earnings report on Tuesday, March 3rd.

On average, analysts expect that Urban Outfitters will report full-year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.13 to $2.31. For the next financial year, analysts anticipate that the firm will report earnings of $2.43 per share, with EPS estimates ranging from $2.12 to $2.70. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Urban Outfitters.

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

A number of analysts recently commented on the company. Wells Fargo & Co upgraded Urban Outfitters from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $25.00 to $30.00 in a research report on Monday, September 30th. ValuEngine upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Tuesday. Wolfe Research decreased their target price on Urban Outfitters from $30.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, August 21st. William Blair restated a “hold” rating on shares of Urban Outfitters in a research report on Wednesday, November 20th. Finally, Bank of America restated a “buy” rating and set a $28.00 target price (down from $33.00) on shares of Urban Outfitters in a research report on Wednesday, August 21st. Fourteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Urban Outfitters has an average rating of “Hold” and a consensus price target of $29.50.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its position in shares of Urban Outfitters by 73.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,670,448 shares of the apparel retailer’s stock valued at $75,013,000 after purchasing an additional 1,127,172 shares during the period. Bank of New York Mellon Corp grew its position in shares of Urban Outfitters by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,842,593 shares of the apparel retailer’s stock valued at $41,918,000 after purchasing an additional 160,628 shares during the period. Invesco Ltd. grew its position in shares of Urban Outfitters by 1.4% in the 2nd quarter. Invesco Ltd. now owns 1,408,688 shares of the apparel retailer’s stock valued at $32,048,000 after purchasing an additional 20,062 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Urban Outfitters by 0.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,099,822 shares of the apparel retailer’s stock valued at $30,894,000 after purchasing an additional 3,441 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its position in shares of Urban Outfitters by 6.2% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 954,989 shares of the apparel retailer’s stock valued at $26,826,000 after purchasing an additional 55,827 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.

URBN stock traded up $0.87 during midday trading on Wednesday, reaching $25.18. The stock had a trading volume of 2,870,233 shares, compared to its average volume of 2,896,783. The business has a fifty day simple moving average of $28.22 and a two-hundred day simple moving average of $24.93. The company has a quick ratio of 0.82, a current ratio of 1.57 and a debt-to-equity ratio of 0.78. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 1.15 and a beta of 0.71. Urban Outfitters has a twelve month low of $19.63 and a twelve month high of $38.59.

About Urban Outfitters

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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