Brokerages expect that Urban Outfitters, Inc. (NASDAQ:URBN) will report $829.48 million in sales for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Urban Outfitters’ earnings, with estimates ranging from $816.10 million to $836.80 million. Urban Outfitters reported sales of $761.19 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The firm is expected to report its next quarterly earnings report on Tuesday, May 15th.
On average, analysts expect that Urban Outfitters will report full-year sales of $829.48 million for the current fiscal year, with estimates ranging from $3.77 billion to $3.87 billion. For the next year, analysts anticipate that the business will post sales of $3.93 billion per share, with estimates ranging from $3.83 billion to $4.02 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, March 6th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.06. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Urban Outfitters had a net margin of 2.99% and a return on equity of 14.19%. Urban Outfitters’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS.
Urban Outfitters stock opened at $35.93 on Monday. The stock has a market cap of $3,889.39, a PE ratio of 37.43, a P/E/G ratio of 1.33 and a beta of 0.56. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $38.28.
In other news, General Counsel Azeez Hayne sold 11,421 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $35.49, for a total transaction of $405,331.29. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joel S. Lawson III sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $35.71, for a total transaction of $714,200.00. Following the sale, the director now directly owns 27,000 shares in the company, valued at approximately $964,170. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,765 shares of company stock worth $3,566,394. Insiders own 26.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Urban Outfitters by 32.9% in the third quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock worth $101,640,000 after buying an additional 1,053,712 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Urban Outfitters by 7.8% in the third quarter. Bank of New York Mellon Corp now owns 4,234,875 shares of the apparel retailer’s stock worth $101,215,000 after buying an additional 308,063 shares during the last quarter. Senvest Management LLC purchased a new position in shares of Urban Outfitters in the third quarter worth approximately $36,629,000. Two Sigma Investments LP boosted its holdings in shares of 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 worth $47,586,000 after buying an additional 1,048,052 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Urban Outfitters by 5.8% in the fourth quarter. Deutsche Bank AG now owns 1,277,048 shares of the apparel retailer’s stock worth $44,772,000 after buying an additional 69,616 shares during the last quarter. 76.74% of the stock is currently owned by hedge funds and other institutional investors.
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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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