$977.24 Million in Sales Expected for Urban Outfitters, Inc. (URBN) This Quarter

Equities research analysts expect that Urban Outfitters, Inc. (NASDAQ:URBN) will post $977.24 million in sales for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Urban Outfitters’ earnings, with the lowest sales estimate coming in at $957.80 million and the highest estimate coming in at $990.20 million. Urban Outfitters reported sales of $872.93 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.9%. The business is scheduled to announce its next earnings report after the market closes on Tuesday, August 21st.

On average, analysts expect that Urban Outfitters will report full-year sales of $3.92 billion for the current financial year, with estimates ranging from $3.88 billion to $3.96 billion. For the next financial year, analysts anticipate that the company will post sales of $4.08 billion per share, with estimates ranging from $4.01 billion to $4.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, May 22nd. The apparel retailer reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.08. The firm had revenue of $855.70 million during the quarter, compared to analysts’ expectations of $837.79 million. Urban Outfitters had a net margin of 3.71% and a return on equity of 16.13%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share.

URBN has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Urban Outfitters from $33.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, May 24th. B. Riley raised their price objective on shares of Urban Outfitters from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, May 24th. JPMorgan Chase & Co. raised their price objective on shares of Urban Outfitters from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, May 23rd. Wells Fargo & Co set a $45.00 price objective on shares of Urban Outfitters and gave the company a “market perform” rating in a report on Wednesday, May 23rd. Finally, MKM Partners upgraded shares of Urban Outfitters from a “sell” rating to a “neutral” rating and raised their price objective for the company from $20.00 to $41.00 in a report on Wednesday, May 16th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $41.33.

Urban Outfitters opened at $44.71 on Friday, MarketBeat.com reports. The stock has a market capitalization of $4.87 billion, a PE ratio of 26.77, a P/E/G ratio of 1.49 and a beta of 0.46. Urban Outfitters has a 12 month low of $16.68 and a 12 month high of $48.24.

In other news, General Counsel Azeez Hayne sold 7,777 shares of the firm’s stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $46.28, for a total transaction of $359,919.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joel S. Lawson III sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $45.66, for a total transaction of $456,600.00. Following the sale, the director now directly owns 17,000 shares of the company’s stock, valued at approximately $776,220. The disclosure for this sale can be found here. Insiders have sold a total of 117,777 shares of company stock valued at $5,071,520 in the last three months. Insiders own 25.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. EAM Investors LLC acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $3,105,000. Robeco Institutional Asset Management B.V. grew its position in shares of Urban Outfitters by 72.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 398,732 shares of the apparel retailer’s stock worth $17,762,000 after buying an additional 168,137 shares during the period. Sei Investments Co. grew its position in shares of Urban Outfitters by 116.6% during the 2nd quarter. Sei Investments Co. now owns 48,660 shares of the apparel retailer’s stock worth $2,168,000 after buying an additional 26,196 shares during the period. Canandaigua National Bank & Trust Co. acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $214,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Urban Outfitters during the 2nd quarter worth approximately $967,000. 71.17% of the stock is 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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