Analysts expect Urban Outfitters, Inc. (NASDAQ:URBN) to post $869.30 million in sales for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Urban Outfitters’ earnings, with estimates ranging from $837.10 million to $891.50 million. Urban Outfitters reported sales of $890.57 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.4%. The firm is expected to issue its next quarterly earnings report after the market closes on Tuesday, August 15th.
On average, analysts expect that Urban Outfitters will report full year sales of $869.30 million for the current financial year, with estimates ranging from $3.47 billion to $3.56 billion. For the next year, analysts forecast that the business will post sales of $3.61 billion per share, with estimates ranging from $3.52 billion to $3.72 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, May 16th. The apparel retailer reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.03. The business had revenue of $761.20 million during the quarter, compared to analysts’ expectations of $768.95 million. Urban Outfitters had a return on equity of 15.88% and a net margin of 5.66%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share.
Several research analysts have weighed in on the company. UBS AG reiterated a “neutral” rating and issued a $21.00 price target (down from $25.00) on shares of Urban Outfitters in a report on Wednesday, May 17th. BidaskClub upgraded Urban Outfitters from a “strong sell” rating to a “sell” rating in a report on Monday. Jefferies Group LLC reiterated a “buy” rating and issued a $23.00 price target on shares of Urban Outfitters in a report on Friday, June 9th. Robert W. Baird reiterated an “outperform” rating and issued a $25.00 price target (down from $28.00) on shares of Urban Outfitters in a report on Wednesday, May 17th. Finally, BMO Capital Markets set a $20.00 price target on Urban Outfitters and gave the company a “hold” rating in a report on Thursday, July 6th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have issued a buy rating to the company’s stock. Urban Outfitters has an average rating of “Hold” and a consensus target price of $25.53.
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Several large investors have recently modified their holdings of the stock. Miles Capital Inc. raised its stake in shares of Urban Outfitters by 0.8% in the first quarter. Miles Capital Inc. now owns 8,470 shares of the apparel retailer’s stock worth $201,000 after buying an additional 70 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Urban Outfitters by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 27,028 shares of the apparel retailer’s stock worth $501,000 after buying an additional 154 shares during the period. Capstone Asset Management Co. raised its stake in shares of Urban Outfitters by 2.5% in the second quarter. Capstone Asset Management Co. now owns 15,738 shares of the apparel retailer’s stock worth $292,000 after buying an additional 380 shares during the period. Tdam USA Inc. raised its stake in shares of Urban Outfitters by 1.8% in the first quarter. Tdam USA Inc. now owns 23,363 shares of the apparel retailer’s stock worth $555,000 after buying an additional 417 shares during the period. Finally, State Treasurer State of Michigan raised its stake in shares of Urban Outfitters by 1.4% in the second quarter. State Treasurer State of Michigan now owns 36,400 shares of the apparel retailer’s stock worth $675,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 82.62% of the company’s stock.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 0.05% on Friday, reaching $19.58. The company had a trading volume of 2,345,579 shares. The firm has a 50-day moving average price of $18.27 and a 200 day moving average price of $22.20. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 11.38 and a beta of 0.65. Urban Outfitters has a 1-year low of $16.19 and a 1-year high of $40.80.
Urban Outfitters Company Profile
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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