$1.08 Billion in Sales Expected for Urban Outfitters, Inc. (URBN) This Quarter

Analysts expect Urban Outfitters, Inc. (NASDAQ:URBN) to report $1.08 billion in sales for the current quarter, according to Zacks. Nine analysts have issued estimates for Urban Outfitters’ earnings, with the lowest sales estimate coming in at $1.06 billion and the highest estimate coming in at $1.08 billion. Urban Outfitters posted sales of $1.03 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The business is scheduled to announce its next earnings report after the market closes on Tuesday, March 6th.

On average, analysts expect that Urban Outfitters will report full-year sales of $1.08 billion for the current year, with estimates ranging from $3.59 billion to $3.61 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.73 billion per share, with estimates ranging from $3.68 billion to $3.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Monday, November 20th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $892.77 million for the quarter, compared to analysts’ expectations of $860.64 million. During the same period in the prior year, the business earned $0.40 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis.

Several brokerages have issued reports on URBN. B. Riley reiterated a “neutral” rating on shares of Urban Outfitters in a report on Wednesday, November 1st. SunTrust Banks reiterated a “buy” rating and set a $40.00 target price on shares of Urban Outfitters in a report on Friday, February 2nd. Jefferies Group increased their target price on shares of Urban Outfitters to $34.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Robert W. Baird reiterated a “buy” rating on shares of Urban Outfitters in a report on Friday, November 24th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $28.00 target price (up from $19.00) on shares of Urban Outfitters in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have issued a buy rating to the company. Urban Outfitters has an average rating of “Hold” and a consensus price target of $26.62.

Institutional investors have recently made changes to their positions in the stock. Trust Co. of Vermont purchased a new position in shares of Urban Outfitters in the 4th quarter valued at approximately $110,000. State of Alaska Department of Revenue acquired a new position in Urban Outfitters in the 4th quarter worth approximately $175,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Urban Outfitters by 42.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after buying an additional 1,522 shares during the period. Shelton Capital Management acquired a new position in Urban Outfitters in the 4th quarter worth approximately $234,000. Finally, Invictus RG acquired a new position in Urban Outfitters in the 3rd quarter worth approximately $241,000. 83.54% of the stock is owned by hedge funds and other institutional investors.

Urban Outfitters (NASDAQ URBN) opened at $33.70 on Tuesday. Urban Outfitters has a 1-year low of $16.19 and a 1-year high of $36.10. The stock has a market cap of $3,650.00, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.48 and a beta of 0.62.

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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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