Urban Outfitters, Inc. (NASDAQ:URBN) Expected to Post Earnings of $0.65 Per Share

Wall Street brokerages forecast that Urban Outfitters, Inc. (NASDAQ:URBN) will post earnings per share of $0.65 for the current quarter, Zacks reports. Nine analysts have issued estimates for Urban Outfitters’ earnings, with estimates ranging from $0.58 to $0.73. Urban Outfitters posted earnings of $0.83 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 21.7%. The firm is expected to report its next quarterly earnings report on Tuesday, March 3rd.

According to Zacks, analysts expect that Urban Outfitters will report full year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.21. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.30 per share, with EPS estimates ranging from $1.96 to $2.46. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 19th. The apparel retailer reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.01). The company had revenue of $987.47 million during the quarter, compared to analysts’ expectations of $1 billion. Urban Outfitters had a net margin of 5.96% and a return on equity of 16.67%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share.

A number of research firms have issued reports on URBN. Jefferies Financial Group reduced their price target on shares of Urban Outfitters from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. TheStreet lowered shares of Urban Outfitters from a “b-” rating to a “c+” rating in a research report on Friday, December 13th. Wells Fargo & Co raised shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $30.00 in a research report on Monday, September 30th. Morgan Stanley reissued a “buy” rating and set a $32.00 price target (down from $34.00) on shares of Urban Outfitters in a research report on Thursday, November 21st. Finally, Wedbush raised their price target on shares of Urban Outfitters from $20.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Fifteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $28.56.

Shares of Urban Outfitters stock traded up $0.03 during midday trading on Friday, hitting $26.93. The company had a trading volume of 891,283 shares, compared to its average volume of 1,853,414. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.24 and a beta of 0.74. The company has a quick ratio of 0.82, a current ratio of 1.57 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $27.00 and a 200 day simple moving average of $25.66. Urban Outfitters has a 12-month low of $19.63 and a 12-month high of $34.24.

Several large investors have recently bought and sold shares of URBN. Russell Investments Group Ltd. increased its holdings in shares of Urban Outfitters by 53.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 128,384 shares of the apparel retailer’s stock valued at $2,921,000 after purchasing an additional 44,456 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Urban Outfitters by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,842,593 shares of the apparel retailer’s stock valued at $41,918,000 after purchasing an additional 160,628 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Urban Outfitters by 85.4% during the 2nd quarter. Pacer Advisors Inc. now owns 27,492 shares of the apparel retailer’s stock valued at $625,000 after purchasing an additional 12,661 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Urban Outfitters by 52.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 13,000 shares of the apparel retailer’s stock valued at $295,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Urban Outfitters by 35.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,096,381 shares of the apparel retailer’s stock valued at $24,943,000 after purchasing an additional 284,988 shares in the last quarter. 81.54% of the stock is 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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Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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