Equities research analysts expect Urban Outfitters, Inc. (NASDAQ:URBN) to post sales of $1.15 billion for the current quarter, Zacks reports. Eleven analysts have made estimates for Urban Outfitters’ earnings, with the highest sales estimate coming in at $1.16 billion and the lowest estimate coming in at $1.13 billion. Urban Outfitters posted sales of $1.09 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, March 5th.

According to Zacks, analysts expect that Urban Outfitters will report full-year sales of $3.97 billion for the current financial year, with estimates ranging from $3.95 billion to $3.98 billion. For the next fiscal year, analysts forecast that the company will report sales of $4.14 billion, with estimates ranging from $4.03 billion to $4.18 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Monday, November 19th. The apparel retailer reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. The firm had revenue of $973.50 million during the quarter, compared to the consensus estimate of $967.82 million. Urban Outfitters had a return on equity of 20.65% and a net margin of 5.44%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share.

Several research firms have recently issued reports on URBN. BidaskClub raised Urban Outfitters from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. DA Davidson began coverage on Urban Outfitters in a report on Tuesday, September 25th. They issued a “neutral” rating and a $40.00 target price for the company. B. Riley raised Urban Outfitters from a “neutral” rating to a “buy” rating and set a $52.00 target price for the company in a report on Tuesday, October 2nd. Wedbush reaffirmed a “hold” rating and issued a $35.00 target price (down from $50.00) on shares of Urban Outfitters in a report on Thursday, October 11th. Finally, Zacks Investment Research lowered Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, December 3rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Urban Outfitters currently has a consensus rating of “Hold” and an average target price of $43.99.

Shares of URBN stock traded up $0.63 during trading on Friday, hitting $32.55. The company’s stock had a trading volume of 1,863,279 shares, compared to its average volume of 2,432,907. The firm has a market cap of $3.50 billion, a PE ratio of 19.49, a P/E/G ratio of 1.07 and a beta of 0.68. Urban Outfitters has a 52 week low of $31.20 and a 52 week high of $52.50.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new stake in Urban Outfitters during the fourth quarter valued at about $31,000. Virtu Financial LLC boosted its position in Urban Outfitters by 24.0% during the 4th quarter. Virtu Financial LLC now owns 37,592 shares of the apparel retailer’s stock valued at $1,248,000 after acquiring an additional 7,287 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Urban Outfitters during the 4th quarter valued at approximately $505,000. Contravisory Investment Management Inc. boosted its position in Urban Outfitters by 4.4% during the 4th quarter. Contravisory Investment Management Inc. now owns 12,835 shares of the apparel retailer’s stock valued at $426,000 after acquiring an additional 544 shares in the last quarter. Finally, Cerebellum GP LLC boosted its position in Urban Outfitters by 69.4% during the 4th quarter. Cerebellum GP LLC now owns 7,814 shares of the apparel retailer’s stock valued at $259,000 after acquiring an additional 3,202 shares in the last quarter. Institutional investors and hedge funds own 81.49% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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