Equities analysts predict that Urban Outfitters, Inc. (NASDAQ:URBN) will post $987.55 million in sales for the current quarter, Zacks reports. Eleven analysts have issued estimates for Urban Outfitters’ earnings, with estimates ranging from $978.00 million to $1.02 billion. Urban Outfitters posted sales of $992.45 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.5%. The firm is scheduled to announce its next earnings results on Tuesday, August 20th.
On average, analysts expect that Urban Outfitters will report full-year sales of $4.02 billion for the current year, with estimates ranging from $3.99 billion to $4.07 billion. For the next year, analysts forecast that the firm will report sales of $4.18 billion, with estimates ranging from $4.10 billion to $4.24 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05. The company had revenue of $864.41 million for the quarter, compared to analyst estimates of $857.31 million. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.07%. During the same period in the prior year, the business earned $0.38 EPS.
A number of research firms have issued reports on URBN. Zacks Investment Research upgraded shares of Urban Outfitters from a “sell” rating to a “hold” rating in a report on Monday, March 4th. TheStreet lowered shares of Urban Outfitters from a “b-” rating to a “c+” rating in a report on Thursday, May 30th. Nomura reduced their price objective on shares of Urban Outfitters from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. Wedbush restated an “average” rating and issued a $28.00 price objective (down from $35.00) on shares of Urban Outfitters in a report on Tuesday, April 23rd. Finally, ValuEngine upgraded shares of Urban Outfitters from a “sell” rating to a “hold” rating in a report on Thursday, March 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $37.49.
Urban Outfitters stock traded up $0.01 during mid-day trading on Friday, reaching $23.12. 101,741 shares of the company’s stock were exchanged, compared to its average volume of 3,121,029. The firm has a market capitalization of $2.27 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.85 and a beta of 0.76. Urban Outfitters has a twelve month low of $22.19 and a twelve month 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 stock’s fifty day simple moving average is $24.70.
In related news, Director Edward N. Antoian sold 18,006 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $33.23, for a total value of $598,339.38. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $664,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Trish Donnelly sold 9,144 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $34.00, for a total transaction of $310,896.00. Following the completion of the transaction, the chief executive officer now directly owns 10,295 shares in the company, valued at $350,030. The disclosure for this sale can be found here. Insiders sold a total of 57,450 shares of company stock worth $1,872,124 over the last 90 days. Company insiders own 24.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund grew its position in shares of Urban Outfitters by 3,059.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock valued at $30,000 after buying an additional 971,424 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Urban Outfitters by 105.5% in the 4th quarter. Bessemer Group Inc. now owns 972 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 499 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Urban Outfitters by 114.9% in the 1st quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock valued at $35,000 after buying an additional 631 shares during the last quarter. Signaturefd LLC grew its position in shares of Urban Outfitters by 178.1% in the 1st quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock valued at $37,000 after buying an additional 789 shares during the last quarter. Finally, Pearl River Capital LLC purchased a new position in shares of Urban Outfitters in the 4th quarter valued at $40,000. 77.77% of the stock is currently owned by hedge funds and other institutional investors.
Urban Outfitters Company Profile
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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