Urban Outfitters, Inc. (NASDAQ:URBN) Expected to Announce Quarterly Sales of $1.07 Billion

Wall Street analysts forecast that Urban Outfitters, Inc. (NASDAQ:URBNGet Rating) will report sales of $1.07 billion for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Urban Outfitters’ earnings. The lowest sales estimate is $1.05 billion and the highest is $1.10 billion. Urban Outfitters posted sales of $927.42 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.4%. The firm is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Urban Outfitters will report full-year sales of $4.91 billion for the current fiscal year, with estimates ranging from $4.72 billion to $5.16 billion. For the next financial year, analysts expect that the company will report sales of $5.12 billion, with estimates ranging from $4.87 billion to $5.47 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Urban Outfitters.

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

URBN has been the topic of a number of research analyst reports. Barclays cut Urban Outfitters from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $34.00 to $29.00 in a research note on Friday, April 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Urban Outfitters from $42.00 to $35.00 in a report on Wednesday, February 16th. Morgan Stanley decreased their price objective on Urban Outfitters from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, March 7th. JPMorgan Chase & Co. reduced their target price on Urban Outfitters from $32.00 to $26.00 in a report on Monday. Finally, Wells Fargo & Company reduced their target price on Urban Outfitters from $34.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.86.

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 value of $133,050.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 28.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in URBN. Man Group plc boosted its holdings in Urban Outfitters by 98.6% in the third quarter. Man Group plc now owns 236,958 shares of the apparel retailer’s stock valued at $7,035,000 after acquiring an additional 117,632 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Urban Outfitters in the fourth quarter valued at approximately $381,000. Verdence Capital Advisors LLC bought a new stake in Urban Outfitters in the fourth quarter valued at approximately $270,000. Lazard Asset Management LLC boosted its holdings in Urban Outfitters by 24.4% in the fourth quarter. Lazard Asset Management LLC now owns 145,753 shares of the apparel retailer’s stock valued at $4,279,000 after acquiring an additional 28,613 shares during the last quarter. Finally, Brookfield Asset Management Inc. acquired a new position in Urban Outfitters in the third quarter valued at approximately $2,735,000. Institutional investors own 69.35% of the company’s stock.

URBN opened at $22.68 on Tuesday. Urban Outfitters has a 1-year low of $21.35 and a 1-year high of $42.10. The stock’s fifty day simple moving average is $25.09 and its 200 day simple moving average is $28.27. The stock has a market cap of $2.17 billion, a PE ratio of 7.27, a price-to-earnings-growth ratio of 0.43 and a beta of 1.43.

Urban Outfitters Company Profile (Get Rating)

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