Stock analysts predict that Urban Outfitters, Inc. (NASDAQ: URBN – Get a rating) will announce sales of $1.19 billion for the current fiscal quarter, according to Zacks. Six analysts have made estimates of Urban Outfitters earnings, with estimates ranging from $1.17 billion to $1.21 billion. Urban Outfitters posted sales of $1.16 billion in the same quarter last year, which would indicate a positive growth rate of 2.6% year over year. The company is expected to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect Urban Outfitters to post annual sales of $4.83 billion in the current fiscal year, with estimates ranging from $4.77 billion to $4.89 billion. . For next year, analysts expect the company to post sales of $5.02 billion, with estimates ranging from $4.74 billion to $5.22 billion. Zacks sales calculations are an average based on a survey of analysts who follow Urban Outfitters.
Urban Outfitters (NASDAQ: URBN – Get a rating) last released its quarterly earnings data on Tuesday, May 24. The apparel retailer reported EPS of $0.33 for the quarter, missing the consensus estimate of $0.42 per ($0.09). Urban Outfitters had a return on equity of 16.83% and a net margin of 6.18%. The company posted revenue of $1.05 billion for the quarter, compared to analysts’ estimates of $1.07 billion. In the same quarter a year earlier, the company posted earnings per share of $0.54. The company’s quarterly revenue increased 13.2% year over year.
Several research companies have recently commented on URBN. Deutsche Bank Aktiengesellschaft lowered its price target on Urban Outfitters shares from $35.00 to $24.00 in a Wednesday, May 25 research note. Wells Fargo & Company cut its price target on Urban Outfitters stock from $28.00 to $20.00 and set an “equal weight” rating for the company in a Wednesday, May 25 report. BMO Capital Markets cut its target price on Urban Outfitters shares from $27.00 to $21.00 in a Wednesday, May 25 report. JPMorgan Chase & Co. cut its price target on Urban Outfitters shares from $32.00 to $26.00 in a Monday, May 16 report. To finish, StockNews.com began covering Urban Outfitters shares in a report on Thursday, March 31. They set a “holding” rating for the company. One equity research analyst gave the stock a sell rating, ten issued a hold rating and four gave the company a buy rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.15.
NASDAQ: URBN opened at $22.19 on Tuesday. Urban Outfitters has a 12-month low of $17.81 and a 12-month high of $42.10. The company has a fifty-day simple moving average of $23.59 and a 200-day simple moving average of $26.75. The company has a market capitalization of $2.12 billion, a P/E ratio of 7.63, a PEG ratio of 0.51 and a beta of 1.44.
In other Urban Outfitters news, CAD Azeez Hayne sold 5,000 shares of Urban Outfitters in a trade on Monday, March 21. The shares were sold at an average price of $26.61, for a total value of $133,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. 28.90% of the shares are currently held by insiders.
Several hedge funds have recently increased or reduced their stake in URBN. Amplius Wealth Advisors LLC purchased a new stake in Urban Outfitters stock during the fourth quarter worth approximately $31,000. Steward Partners Investment Advisory LLC increased its stake in Urban Outfitters by 1,544.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,644 shares of the clothing retailer worth $48,000 after buying an additional 1,544 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Urban Outfitters in Q4 worth approximately $67,000. Macquarie Group Ltd. increased its stake in Urban Outfitters by 186.8% in the third quarter. Macquarie Group Ltd. now owns 2,710 shares of the clothing retailer valued at $80,000 after buying an additional 1,765 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in Urban Outfitters in Q3 worth approximately $149,000. 69.35% of the shares are held by institutional investors and hedge funds.
Corporate Profile Urban Outfitters (Get a rating)
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The Company operates through three segments: Retail, Wholesale and Nully. It operates Urban Outfitters stores, which offer women’s and men’s fashion apparel, sportswear, underwear, shoes, accessories, homewares, electronics and beauty products for women. young adults aged 18 to 28; and Anthropologie stores which offer women’s casual wear, accessories, underwear, footwear, and home furnishings, as well as gifts, home décor, and beauty and wellness products for women. women aged 28 to 45.
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