$690.38 Million in Sales Expected for Urban Outfitters, Inc. (NASDAQ:URBN) This Quarter

Wall Street analysts expect Urban Outfitters, Inc. (NASDAQ:URBN) to announce $690.38 million in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Urban Outfitters’ earnings. The lowest sales estimate is $604.00 million and the highest is $817.00 million. Urban Outfitters reported sales of $962.33 million in the same quarter last year, which would suggest a negative year over year growth rate of 28.3%. The business is scheduled to issue its next earnings results on Tuesday, August 18th.

According to Zacks, analysts expect that Urban Outfitters will report full year sales of $3.39 billion for the current financial year, with estimates ranging from $2.94 billion to $3.90 billion. For the next year, analysts expect that the company will post sales of $3.95 billion, with estimates ranging from $3.68 billion to $4.25 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 announced its quarterly earnings results on Tuesday, May 19th. The apparel retailer reported ($1.41) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($1.15). The company had revenue of $588.50 million for the quarter, compared to analyst estimates of $637.99 million. Urban Outfitters had a positive return on equity of 2.65% and a negative net margin of 0.08%. Urban Outfitters’s revenue for the quarter was down 31.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share.

Several equities research analysts have weighed in on the company. Barclays cut their price target on Urban Outfitters from $25.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Jefferies Financial Group reissued a “buy” rating and set a $20.00 target price on shares of Urban Outfitters in a research note on Friday, May 15th. JPMorgan Chase & Co. lowered their target price on shares of Urban Outfitters from $28.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 4th. Wells Fargo & Co lowered their target price on shares of Urban Outfitters from $30.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Finally, Deutsche Bank lowered their target price on shares of Urban Outfitters from $16.00 to $15.00 and set a “hold” rating on the stock in a research note on Wednesday, May 20th. Fourteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.56.

URBN traded up $0.33 during midday trading on Monday, hitting $15.03. 3,120,045 shares of the company were exchanged, compared to its average volume of 2,344,665. The company’s 50 day simple moving average is $17.74 and its 200 day simple moving average is $21.34. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -364.50 and a beta of 1.27. The company has a current ratio of 1.77, a quick ratio of 1.27 and a debt-to-equity ratio of 1.01. Urban Outfitters has a 1-year low of $12.28 and a 1-year high of $31.41.

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its holdings in Urban Outfitters by 81.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 796 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Urban Outfitters by 77.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 979 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 427 shares during the last quarter. Smithfield Trust Co. raised its holdings in Urban Outfitters by 72.2% in the 1st quarter. Smithfield Trust Co. now owns 3,100 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 1,300 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in Urban Outfitters in the 1st quarter valued at about $47,000. Finally, Point72 Hong Kong Ltd raised its holdings in Urban Outfitters by 136.4% in the 4th quarter. Point72 Hong Kong Ltd now owns 2,392 shares of the apparel retailer’s stock valued at $66,000 after acquiring an additional 1,380 shares during the last quarter. Institutional investors own 71.97% of the company’s stock.

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

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