Brokerages expect Urban Outfitters, Inc. (NASDAQ:URBN) to announce $0.79 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Urban Outfitters’ earnings. The lowest EPS estimate is $0.74 and the highest is $0.83. Urban Outfitters reported earnings per share of $0.69 in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.5%. The company is expected to issue its next earnings report after the market closes on Tuesday, March 5th.
On average, analysts expect that Urban Outfitters will report full-year earnings of $2.71 per share for the current year, with EPS estimates ranging from $2.66 to $2.75. For the next fiscal year, analysts anticipate that the business will report earnings of $2.86 per share, with EPS estimates ranging from $2.63 to $2.93. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Urban Outfitters.
Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Monday, November 19th. The apparel retailer reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. Urban Outfitters had a net margin of 5.44% and a return on equity of 20.65%. The firm had revenue of $973.50 million during the quarter, compared to analyst estimates of $967.82 million. During the same quarter last year, the business earned $0.41 EPS. The company’s revenue was up 9.0% compared to the same quarter last year.
URBN has been the subject of several analyst reports. Jefferies Financial Group set a $58.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a report on Tuesday, November 20th. Bank of America set a $50.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a report on Tuesday, November 20th. Zacks Investment Research upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Saturday, November 17th. B. Riley set a $52.00 price target on shares of Urban Outfitters and gave the stock a “buy” rating in a report on Thursday, January 10th. Finally, Robert W. Baird restated a “hold” rating and set a $47.00 price target on shares of Urban Outfitters in a report on Tuesday, November 20th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $43.81.
Urban Outfitters stock traded up $0.25 during mid-day trading on Monday, hitting $31.15. 1,608,952 shares of the stock were exchanged, compared to its average volume of 2,558,863. Urban Outfitters has a 12 month low of $30.54 and a 12 month high of $52.50. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 0.97 and a beta of 0.58.
Several large investors have recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in shares of Urban Outfitters by 42.7% in the 4th quarter. Huntington National Bank now owns 1,233 shares of the apparel retailer’s stock valued at $41,000 after acquiring an additional 369 shares in the last quarter. Contravisory Investment Management Inc. increased its stake 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 purchasing an additional 544 shares in the last quarter. Comerica Bank increased its stake in Urban Outfitters by 1.3% during the 4th quarter. Comerica Bank now owns 49,939 shares of the apparel retailer’s stock valued at $1,600,000 after purchasing an additional 653 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Urban Outfitters by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 20,378 shares of the apparel retailer’s stock valued at $677,000 after purchasing an additional 848 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Urban Outfitters during the 4th quarter valued at $31,000. Institutional investors own 82.25% 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.
See Also: What is the Bid-Ask Spread?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.