Zacks: Analysts Anticipate Urban Outfitters, Inc. (URBN) Will Announce Earnings of $0.63 Per Share

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Brokerages expect Urban Outfitters, Inc. (NASDAQ:URBN) to report $0.63 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Urban Outfitters’ earnings, with estimates ranging from $0.59 to $0.65. Urban Outfitters reported earnings per share of $0.41 during the same quarter last year, which would suggest a positive year over year growth rate of 53.7%. The firm is scheduled to announce its next earnings report on Monday, November 19th.

According to Zacks, analysts expect that Urban Outfitters will report full year earnings of $2.66 per share for the current year, with EPS estimates ranging from $2.54 to $2.75. For the next year, analysts expect that the firm will post earnings of $2.89 per share, with EPS estimates ranging from $2.58 to $3.08. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, August 21st. The apparel retailer reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. Urban Outfitters had a return on equity of 18.92% and a net margin of 4.71%. The firm had revenue of $992.50 million during the quarter, compared to analyst estimates of $980.19 million. During the same period in the prior year, the business posted $0.44 EPS. Urban Outfitters’s revenue was up 13.7% on a year-over-year basis.

URBN has been the subject of a number of analyst reports. BidaskClub lowered Urban Outfitters from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 16th. Loop Capital set a $50.00 price target on Urban Outfitters and gave the stock a “buy” rating in a research note on Tuesday, July 3rd. Wedbush initiated coverage on Urban Outfitters in a research note on Thursday, July 12th. They issued a “neutral” rating and a $50.00 price target for the company. Robert W. Baird lowered Urban Outfitters from an “outperform” rating to a “neutral” rating and set a $38.00 price target for the company. in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Finally, Wells Fargo & Co increased their price target on Urban Outfitters from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 22nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. Urban Outfitters currently has a consensus rating of “Hold” and an average target price of $45.83.

In related news, CEO Trish Donnelly sold 19,332 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $46.10, for a total value of $891,205.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.90% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Waddell & Reed Financial Inc. bought a new position in shares of Urban Outfitters in the 2nd quarter valued at about $50,202,000. Chicago Equity Partners LLC lifted its holdings in shares of Urban Outfitters by 17.6% in the 2nd quarter. Chicago Equity Partners LLC now owns 191,670 shares of the apparel retailer’s stock valued at $8,539,000 after acquiring an additional 28,665 shares during the last quarter. Sib LLC lifted its holdings in shares of Urban Outfitters by 30.8% in the 3rd quarter. Sib LLC now owns 263,038 shares of the apparel retailer’s stock valued at $10,758,000 after acquiring an additional 62,000 shares during the last quarter. LMR Partners LLP bought a new position in shares of Urban Outfitters in the 2nd quarter valued at about $402,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Urban Outfitters in the 2nd quarter valued at about $967,000. 77.08% of the stock is owned by hedge funds and other institutional investors.

Shares of URBN stock opened at $38.59 on Wednesday. Urban Outfitters has a 52-week low of $22.15 and a 52-week high of $52.50. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.20 and a beta of 0.55.

Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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