Zacks: Brokerages Anticipate Urban Outfitters, Inc. (URBN) Will Post Earnings of $0.16 Per Share
Wall Street brokerages predict that Urban Outfitters, Inc. (NASDAQ:URBN) will report earnings of $0.16 per share for the current fiscal quarter, Zacks reports. Twelve analysts have provided estimates for Urban Outfitters’ earnings, with estimates ranging from $0.11 to $0.23. Urban Outfitters posted earnings per share of $0.25 in the same quarter last year, which would indicate a negative year-over-year growth rate of 36%. The company is expected to report its next quarterly earnings results on Wednesday, May 17th.
According to Zacks, analysts expect that Urban Outfitters will report full year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.53 to $1.98. For the next financial year, analysts forecast that the firm will report earnings of $1.84 per share, with EPS estimates ranging from $1.43 to $2.18. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, March 7th. The apparel retailer reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. Urban Outfitters had a net margin of 6.42% and a return on equity of 18.88%. The business earned $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis.
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A number of equities analysts have commented on the stock. Wunderlich raised shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st. Credit Suisse Group AG reissued a “hold” rating and issued a $28.00 price objective on shares of Urban Outfitters in a research note on Sunday, March 12th. TheStreet cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, December 23rd. MKM Partners cut shares of Urban Outfitters from a “neutral” rating to a “sell” rating and set a $35.00 price objective for the company. in a research note on Monday, February 27th. Finally, Telsey Advisory Group dropped their price objective on shares of Urban Outfitters from $39.00 to $31.00 and set a “market perform” rating for the company in a research note on Tuesday, January 10th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.15.
Several institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in Urban Outfitters by 1,267.1% in the third quarter. Victory Capital Management Inc. now owns 15,120 shares of the apparel retailer’s stock valued at $522,000 after buying an additional 14,014 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in Urban Outfitters during the third quarter valued at about $239,000. Aperio Group LLC boosted its position in Urban Outfitters by 3.0% in the third quarter. Aperio Group LLC now owns 8,980 shares of the apparel retailer’s stock valued at $310,000 after buying an additional 258 shares in the last quarter. Quantitative Investment Management LLC purchased a new position in Urban Outfitters during the third quarter valued at about $5,343,000. Finally, DUPONT CAPITAL MANAGEMENT Corp boosted its position in Urban Outfitters by 23.9% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 86,915 shares of the apparel retailer’s stock valued at $3,000,000 after buying an additional 16,779 shares in the last quarter. Hedge funds and other institutional investors own 78.05% of the company’s stock.
Urban Outfitters (NASDAQ:URBN) opened at 23.13 on Thursday. Urban Outfitters has a 1-year low of $21.83 and a 1-year high of $40.80. The company has a 50-day moving average of $23.69 and a 200-day moving average of $29.22. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 12.44 and a beta of 0.66.
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Urban Outfitters Company Profile
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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