Brokerages expect Urban Outfitters, Inc. (NASDAQ:URBN) to post $986.61 million in sales for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Urban Outfitters’ earnings. The highest sales estimate is $1.02 billion and the lowest is $976.27 million. Urban Outfitters reported sales of $992.45 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.6%. The company is expected to report its next earnings results after the market closes on Tuesday, August 20th.
According to Zacks, analysts expect that Urban Outfitters will report full-year sales of $4.02 billion for the current fiscal year, with estimates ranging from $3.95 billion to $4.07 billion. For the next financial year, analysts forecast that the firm will post sales of $4.17 billion, with estimates ranging from $4.05 billion to $4.24 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Urban Outfitters had a return on equity of 20.07% and a net margin of 7.31%. The business had revenue of $864.41 million during the quarter, compared to the consensus estimate of $857.31 million. During the same period in the previous year, the business earned $0.38 EPS.
URBN has been the subject of several research reports. ValuEngine downgraded Urban Outfitters from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 24th. Nomura dropped their price target on Urban Outfitters from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 22nd. Wells Fargo & Co dropped their price target on Urban Outfitters from $30.00 to $28.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 22nd. Deutsche Bank set a $33.00 price target on Urban Outfitters and gave the company a “hold” rating in a research report on Monday, June 10th. Finally, Robert W. Baird dropped their price target on Urban Outfitters from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 22nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.49.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Retirement Systems of Alabama increased its position in Urban Outfitters by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 98,085 shares of the apparel retailer’s stock worth $2,907,000 after purchasing an additional 379 shares during the period. BB&T Corp increased its position in Urban Outfitters by 0.5% during the 1st quarter. BB&T Corp now owns 80,148 shares of the apparel retailer’s stock worth $2,376,000 after purchasing an additional 394 shares during the period. Oregon Public Employees Retirement Fund increased its position in Urban Outfitters by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 30,647 shares of the apparel retailer’s stock worth $697,000 after purchasing an additional 431 shares during the period. Advisor Group Inc. increased its position in Urban Outfitters by 13.4% during the 2nd quarter. Advisor Group Inc. now owns 4,018 shares of the apparel retailer’s stock worth $91,000 after purchasing an additional 476 shares during the period. Finally, Mason Street Advisors LLC increased its position in Urban Outfitters by 1.5% during the 1st quarter. Mason Street Advisors LLC now owns 40,069 shares of the apparel retailer’s stock worth $1,188,000 after purchasing an additional 601 shares during the period. Institutional investors own 77.58% of the company’s stock.
Shares of Urban Outfitters stock traded down $0.17 on Wednesday, hitting $20.92. The stock had a trading volume of 2,698,200 shares, compared to its average volume of 2,773,104. Urban Outfitters has a 52-week low of $20.64 and a 52-week high of $52.50. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. The firm has a market cap of $2.05 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 0.81 and a beta of 0.76. The business has a 50 day moving average price of $22.82.
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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