Analysts predict that Urban Outfitters, Inc. (NASDAQ:URBN) will announce $0.61 earnings per share for the current quarter, Zacks reports. Ten analysts have made estimates for Urban Outfitters’ earnings. The highest EPS estimate is $0.64 and the lowest is $0.56. Urban Outfitters reported earnings per share of $0.55 during the same quarter last year, which indicates a positive year-over-year growth rate of 10.9%. The company is scheduled to report its next earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Urban Outfitters will report full-year earnings of $1.55 per share for the current financial year, with EPS estimates ranging from $1.52 to $1.58. For the next fiscal year, analysts forecast that the firm will report earnings of $1.73 per share, with EPS estimates ranging from $1.60 to $1.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.08. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The firm had revenue of $892.77 million during the quarter, compared to analysts’ expectations of $860.64 million. During the same quarter last year, the business earned $0.40 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year.

A number of brokerages have issued reports on URBN. Royal Bank Of Canada lifted their target price on shares of Urban Outfitters from $17.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 16th. KeyCorp set a $26.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a report on Wednesday, August 16th. SunTrust Banks reiterated a “buy” rating on shares of Urban Outfitters in a report on Wednesday, August 16th. B. Riley reiterated a “neutral” rating on shares of Urban Outfitters in a report on Wednesday, November 1st. Finally, Deutsche Bank reiterated a “hold” rating and set a $18.00 price target (down from $19.00) on shares of Urban Outfitters in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.20.

Shares of Urban Outfitters (URBN) traded up $0.18 on Tuesday, reaching $32.31. 2,575,110 shares of the company’s stock were exchanged, compared to its average volume of 3,449,239. The firm has a market capitalization of $3,390.34, a PE ratio of 20.47, a P/E/G ratio of 1.75 and a beta of 0.73. Urban Outfitters has a one year low of $16.19 and a one year high of $35.55.

Urban Outfitters announced that its board has initiated a stock repurchase plan on Thursday, August 24th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capstone Asset Management Co. increased its stake in Urban Outfitters by 2.5% during the second quarter. Capstone Asset Management Co. now owns 15,738 shares of the apparel retailer’s stock valued at $292,000 after purchasing an additional 380 shares during the last quarter. LS Investment Advisors LLC increased its stake in Urban Outfitters by 12.5% during the second quarter. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer’s stock valued at $176,000 after purchasing an additional 1,052 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Urban Outfitters by 3.6% during the second quarter. Louisiana State Employees Retirement System now owns 23,100 shares of the apparel retailer’s stock valued at $428,000 after purchasing an additional 800 shares during the last quarter. Aperio Group LLC bought a new stake in Urban Outfitters during the second quarter valued at $370,000. Finally, State Treasurer State of Michigan increased its stake in Urban Outfitters by 1.4% during the second quarter. State Treasurer State of Michigan now owns 36,400 shares of the apparel retailer’s stock valued at $675,000 after purchasing an additional 500 shares during the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

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

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