Wall Street analysts expect Urban Outfitters, Inc. (NASDAQ:URBN) to post sales of $1.08 billion for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Urban Outfitters’ earnings. The highest sales estimate is $1.10 billion and the lowest is $1.06 billion. Urban Outfitters posted sales of $1.03 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.9%. The firm is expected to announce its next earnings report on Tuesday, March 6th.

On average, analysts expect that Urban Outfitters will report full-year sales of $1.08 billion for the current fiscal year, with estimates ranging from $3.59 billion to $3.63 billion. For the next financial year, analysts expect that the company will post sales of $3.72 billion per share, with estimates ranging from $3.65 billion to $3.79 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Urban Outfitters.

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

A number of equities analysts have issued reports on URBN shares. Robert W. Baird restated a “buy” rating and set a $24.00 target price on shares of Urban Outfitters in a research report on Wednesday, November 1st. BMO Capital Markets set a $20.00 target price on shares of Urban Outfitters and gave the company a “hold” rating in a report on Monday, September 11th. Royal Bank Of Canada restated a “hold” rating and issued a $21.00 target price on shares of Urban Outfitters in a report on Monday, September 18th. BidaskClub upgraded shares of Urban Outfitters from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.20.

Urban Outfitters (NASDAQ:URBN) opened at $32.64 on Thursday. The stock has a market cap of $3,570.00, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.80 and a beta of 0.73. Urban Outfitters has a 52-week low of $16.19 and a 52-week high of $35.55.

Urban Outfitters announced that its board has approved a share repurchase plan on Thursday, August 24th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

A number of hedge funds have recently bought and sold shares of URBN. Empirical Finance LLC lifted its position in shares of Urban Outfitters by 45.9% in the third quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock worth $2,322,000 after purchasing an additional 30,559 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Urban Outfitters by 39.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock worth $572,000 after purchasing an additional 8,800 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Urban Outfitters by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer’s stock worth $72,803,000 after purchasing an additional 10,249 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Urban Outfitters by 2.9% in the second quarter. First Trust Advisors LP now owns 370,822 shares of the apparel retailer’s stock worth $6,875,000 after purchasing an additional 10,503 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Urban Outfitters by 11.0% in the second quarter. Russell Investments Group Ltd. now owns 138,911 shares of the apparel retailer’s stock worth $2,577,000 after purchasing an additional 13,795 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

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About Urban Outfitters

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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