Analysts Expect Urban Outfitters, Inc. (NASDAQ:URBN) to Post $0.42 EPS

Wall Street analysts predict that Urban Outfitters, Inc. (NASDAQ:URBNGet Rating) will report $0.42 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Urban Outfitters’ earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.37. Urban Outfitters reported earnings per share of $0.54 in the same quarter last year, which suggests a negative year-over-year growth rate of 22.2%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Urban Outfitters will report full-year earnings of $2.96 per share for the current year, with EPS estimates ranging from $2.70 to $3.32. For the next financial year, analysts expect that the company will post earnings of $3.27 per share, with EPS estimates ranging from $2.95 to $3.79. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Urban Outfitters.

Urban Outfitters (NASDAQ:URBNGet Rating) last released its earnings results on Tuesday, March 1st. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.08). Urban Outfitters had a return on equity of 18.55% and a net margin of 6.83%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 22.3% compared to the same quarter last year.

URBN has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Urban Outfitters from $42.00 to $35.00 in a research report on Wednesday, February 16th. Morgan Stanley reduced their price target on Urban Outfitters from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, March 7th. Barclays cut Urban Outfitters from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $34.00 to $29.00 in a research report on Friday, April 1st. Zacks Investment Research cut Urban Outfitters from a “hold” rating to a “sell” rating and set a $31.00 price target for the company. in a research report on Tuesday, January 25th. Finally, StockNews.com initiated coverage on Urban Outfitters in a research report on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.29.

In other Urban Outfitters news, CAO Azeez Hayne sold 5,000 shares of Urban Outfitters stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $26.61, for a total transaction of $133,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 28.90% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Urban Outfitters by 9.6% during the fourth quarter. BlackRock Inc. now owns 9,143,391 shares of the apparel retailer’s stock worth $268,451,000 after purchasing an additional 802,424 shares during the last quarter. Shapiro Capital Management LLC lifted its stake in shares of Urban Outfitters by 4.1% in the 4th quarter. Shapiro Capital Management LLC now owns 9,052,994 shares of the apparel retailer’s stock valued at $265,796,000 after acquiring an additional 354,039 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Urban Outfitters by 3.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,587,116 shares of the apparel retailer’s stock valued at $134,678,000 after acquiring an additional 162,652 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its stake in shares of Urban Outfitters by 28.4% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,936,495 shares of the apparel retailer’s stock valued at $115,575,000 after acquiring an additional 871,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Urban Outfitters by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,719,146 shares of the apparel retailer’s stock valued at $109,197,000 after acquiring an additional 76,219 shares during the last quarter. 72.56% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:URBN traded down $0.03 during trading hours on Monday, reaching $25.20. The stock had a trading volume of 1,525,619 shares, compared to its average volume of 2,050,257. The stock has a 50 day simple moving average of $26.52 and a 200 day simple moving average of $29.34. Urban Outfitters has a 12-month low of $23.50 and a 12-month high of $42.10. The stock has a market cap of $2.41 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 0.47 and a beta of 1.49.

About Urban Outfitters (Get Rating)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, wholesale, and Subscription. 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.

See Also

Get a free copy of the Zacks research report on Urban Outfitters (URBN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.