Equities research analysts predict that Urban Outfitters, Inc. (NASDAQ:URBN) will post $1.09 billion in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Urban Outfitters’ earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.09 billion. Urban Outfitters reported sales of $1.03 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.8%. The company is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, March 6th.
On average, analysts expect that Urban Outfitters will report full-year sales of $1.09 billion for the current year, with estimates ranging from $3.60 billion to $3.62 billion. For the next financial year, analysts forecast that the business will report sales of $3.73 billion per share, with estimates ranging from $3.69 billion to $3.79 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.08. The company had revenue of $892.77 million during the quarter, compared to the consensus estimate of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. Urban Outfitters’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS.
A number of research firms have recently weighed in on URBN. Zacks Investment Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 6th. Buckingham Research upped their price target on shares of Urban Outfitters from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $28.00 price target (up from $19.00) on shares of Urban Outfitters in a research note on Tuesday, November 21st. Telsey Advisory Group upped their price target on shares of Urban Outfitters from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $21.00 price target on shares of Urban Outfitters and gave the stock a “hold” rating in a research note on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have issued a buy rating to the company. Urban Outfitters presently has an average rating of “Hold” and a consensus target price of $26.62.
A number of hedge funds and other institutional investors have recently bought and sold shares of URBN. Senvest Management LLC purchased a new position in Urban Outfitters in the third quarter valued at approximately $36,629,000. Dimensional Fund Advisors LP raised its holdings in Urban Outfitters by 84.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,199,015 shares of the apparel retailer’s stock valued at $59,310,000 after buying an additional 1,462,130 shares during the period. Two Sigma Investments LP raised its holdings in Urban Outfitters by 338.9% in the fourth quarter. Two Sigma Investments LP now owns 1,357,287 shares of the apparel retailer’s stock valued at $47,586,000 after buying an additional 1,048,052 shares during the period. Two Sigma Advisers LP raised its holdings in Urban Outfitters by 263.7% in the fourth quarter. Two Sigma Advisers LP now owns 1,137,687 shares of the apparel retailer’s stock valued at $39,887,000 after buying an additional 824,876 shares during the period. Finally, Lord Abbett & CO. LLC grew its position in Urban Outfitters by 59.2% in the second quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock valued at $33,928,000 after acquiring an additional 680,511 shares in the last quarter. Hedge funds and other institutional investors own 83.54% of the company’s stock.
Shares of Urban Outfitters (URBN) traded up $0.17 during trading on Tuesday, reaching $36.07. 1,726,500 shares of the company’s stock were exchanged, compared to its average volume of 2,534,385. The stock has a market cap of $3,930.00, a P/E ratio of 24.19, a P/E/G ratio of 1.56 and a beta of 0.62. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $36.49.
About Urban Outfitters
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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