Urban Outfitters, Inc. (NASDAQ:URBN) Expected to Post Quarterly Sales of $690.38 Million

Brokerages expect Urban Outfitters, Inc. (NASDAQ:URBN) to announce $690.38 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Urban Outfitters’ earnings, with estimates ranging from $604.00 million to $817.00 million. Urban Outfitters posted sales of $962.33 million during the same quarter last year, which would indicate a negative year over year growth rate of 28.3%. The firm is expected to report its next quarterly earnings report on Tuesday, August 18th.

According to Zacks, analysts expect that Urban Outfitters will report full year sales of $3.39 billion for the current financial year, with estimates ranging from $2.94 billion to $3.90 billion. For the next financial year, analysts expect that the firm will post sales of $3.95 billion, with estimates ranging from $3.68 billion to $4.25 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, May 19th. The apparel retailer reported ($1.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($1.15). Urban Outfitters had a positive return on equity of 2.65% and a negative net margin of 0.08%. The business had revenue of $588.50 million during the quarter, compared to analyst estimates of $637.99 million. During the same period in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was down 31.9% on a year-over-year basis.

Several research analysts have commented on the stock. Wedbush decreased their target price on shares of Urban Outfitters from $25.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, May 18th. MKM Partners decreased their target price on shares of Urban Outfitters from $23.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, May 15th. JPMorgan Chase & Co. decreased their target price on shares of Urban Outfitters from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Morgan Stanley decreased their target price on shares of Urban Outfitters from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Finally, ValuEngine upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Monday, June 1st. Fourteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.56.

Shares of URBN traded up $0.33 during midday trading on Monday, hitting $15.03. The stock had a trading volume of 3,120,045 shares, compared to its average volume of 2,344,665. Urban Outfitters has a fifty-two week low of $12.28 and a fifty-two week high of $31.41. The business has a 50-day simple moving average of $17.74 and a two-hundred day simple moving average of $21.34. The firm has a market cap of $1.43 billion, a P/E ratio of -364.50 and a beta of 1.27. The company has a current ratio of 1.77, a quick ratio of 1.27 and a debt-to-equity ratio of 1.01.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Urban Outfitters in the first quarter valued at approximately $1,598,000. Franklin Resources Inc. lifted its stake in Urban Outfitters by 10.2% in the fourth quarter. Franklin Resources Inc. now owns 32,503 shares of the apparel retailer’s stock valued at $903,000 after acquiring an additional 3,000 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Urban Outfitters by 120.3% in the first quarter. BNP Paribas Arbitrage SA now owns 30,483 shares of the apparel retailer’s stock valued at $434,000 after acquiring an additional 16,647 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in Urban Outfitters in the fourth quarter valued at approximately $940,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Urban Outfitters by 33.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,596 shares of the apparel retailer’s stock valued at $236,000 after acquiring an additional 4,154 shares during the last quarter. Hedge funds and other institutional investors own 71.97% of the company’s stock.

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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Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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