Urban Outfitters (NASDAQ:URBN) will issue its quarterly earnings data after the market closes on Tuesday, May 21st. Analysts expect the company to announce earnings of $0.26 per share for the quarter.
Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Tuesday, March 5th. The apparel retailer reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 21.03%. During the same quarter in the previous year, the firm posted $0.62 earnings per share. On average, analysts expect Urban Outfitters to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Urban Outfitters stock opened at $26.81 on Tuesday. The company has a market cap of $2.85 billion, a P/E ratio of 9.75, a PEG ratio of 0.97 and a beta of 0.53. Urban Outfitters has a 1-year low of $26.66 and a 1-year high of $52.50.
In other news, CEO Trish Donnelly sold 9,144 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $34.00, for a total value of $310,896.00. Following the completion of the sale, the chief executive officer now owns 10,295 shares of the company’s stock, valued at approximately $350,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joel S. Lawson III sold 10,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $29.31, for a total transaction of $293,100.00. Following the completion of the sale, the director now directly owns 17,000 shares of the company’s stock, valued at approximately $498,270. The disclosure for this sale can be found here. Insiders sold a total of 104,200 shares of company stock valued at $3,237,851 in the last ninety days. 24.80% of the stock is owned by corporate insiders.
URBN has been the topic of a number of analyst reports. Wedbush reaffirmed an “average” rating and set a $28.00 target price (down previously from $35.00) on shares of Urban Outfitters in a report on Tuesday, April 23rd. B. Riley decreased their price target on shares of Urban Outfitters from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, February 14th. DA Davidson raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the stock from $30.00 to $36.00 in a report on Tuesday, April 2nd. Zacks Investment Research raised shares of Urban Outfitters from a “sell” rating to a “hold” rating in a report on Monday, March 4th. Finally, Deutsche Bank set a $33.00 price target on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Friday, February 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Urban Outfitters has an average rating of “Hold” and a consensus price target of $40.24.
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About Urban Outfitters
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.
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