Urban Outfitters, Inc. (URBN) Expected to Announce Quarterly Sales of $1.08 Billion

Brokerages expect that Urban Outfitters, Inc. (NASDAQ:URBN) will report $1.08 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Urban Outfitters’ earnings, with estimates ranging from $1.06 billion to $1.08 billion. Urban Outfitters reported sales of $1.03 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The firm is expected to report its next quarterly 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 $3.61 billion. For the next year, analysts anticipate that the business will post sales of $3.73 billion per share, with estimates ranging from $3.68 billion to $3.79 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Urban Outfitters.

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

Several equities analysts have weighed in on URBN shares. Deutsche Bank lowered Urban Outfitters from a “hold” rating to a “sell” rating and cut their target price for the company from $23.00 to $19.00 in a report on Tuesday, October 3rd. Zacks Investment Research upgraded Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, October 17th. Royal Bank of Canada set a $21.00 target price on Urban Outfitters and gave the company a “hold” rating in a report on Monday, October 30th. Robert W. Baird restated a “buy” rating and set a $24.00 target price on shares of Urban Outfitters in a report on Wednesday, November 1st. Finally, B. Riley reaffirmed a “neutral” rating on shares of Urban Outfitters in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have issued a buy rating to the company’s stock. Urban Outfitters has a consensus rating of “Hold” and a consensus price target of $26.40.

Hedge funds have recently added to or reduced their stakes in the stock. Empirical Finance LLC grew its position in Urban Outfitters by 45.9% during the third quarter. Empirical Finance LLC now owns 97,134 shares of the apparel retailer’s stock worth $2,322,000 after buying an additional 30,559 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in Urban Outfitters by 39.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,900 shares of the apparel retailer’s stock worth $572,000 after buying an additional 8,800 shares in the last quarter. Legal & General Group Plc grew its position in Urban Outfitters by 6.3% during the third quarter. Legal & General Group Plc now owns 119,189 shares of the apparel retailer’s stock worth $2,849,000 after buying an additional 7,046 shares in the last quarter. California Public Employees Retirement System grew its position in Urban Outfitters by 3.4% during the second quarter. California Public Employees Retirement System now owns 349,700 shares of the apparel retailer’s stock worth $6,483,000 after buying an additional 11,400 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Urban Outfitters by 59.2% during the second quarter. Lord Abbett & CO. LLC now owns 1,829,967 shares of the apparel retailer’s stock worth $33,928,000 after buying an additional 680,511 shares in the last quarter. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters (NASDAQ URBN) opened at $34.99 on Friday. Urban Outfitters has a 1-year low of $16.19 and a 1-year high of $36.10. The firm has a market capitalization of $3,690.19, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.82 and a beta of 0.73.

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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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