Brokerages Expect Urban Outfitters, Inc. (URBN) Will Announce Earnings of $0.29 Per Share

Brokerages expect Urban Outfitters, Inc. (NASDAQ:URBN) to report $0.29 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Urban Outfitters’ earnings. The lowest EPS estimate is $0.27 and the highest is $0.31. Urban Outfitters reported earnings of $0.13 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 123.1%. The firm is scheduled to report its next quarterly earnings report on Tuesday, May 15th.

According to Zacks, analysts expect that Urban Outfitters will report full-year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.40. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.42 per share, with EPS estimates ranging from $2.10 to $2.62. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Urban Outfitters.

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Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, March 6th. The apparel retailer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. Urban Outfitters had a return on equity of 14.19% and a net margin of 2.99%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year.

A number of brokerages have recently commented on URBN. ValuEngine upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Monday. Buckingham Research set a $42.00 price objective on Urban Outfitters and gave the company a “buy” rating in a research report on Thursday, March 8th. SunTrust Banks set a $42.00 price objective on Urban Outfitters and gave the company a “buy” rating in a research report on Tuesday. Loop Capital began coverage on Urban Outfitters in a research report on Thursday, March 8th. They set a “buy” rating and a $46.00 price objective for the company. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $39.00 price objective (up previously from $38.00) on shares of Urban Outfitters in a research report on Wednesday, March 7th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $31.24.

Shares of NASDAQ:URBN opened at $38.55 on Tuesday. Urban Outfitters has a one year low of $16.19 and a one year high of $38.70. The firm has a market cap of $4,006.93, a PE ratio of 23.08, a P/E/G ratio of 1.36 and a beta of 0.54.

In other news, CEO Margaret Hayne sold 41,100 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $36.65, for a total value of $1,506,315.00. Following the completion of the sale, the chief executive officer now owns 1,066,184 shares in the company, valued at $39,075,643.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott A. Belair sold 30,000 shares of the stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $36.56, for a total value of $1,096,800.00. Following the completion of the sale, the director now owns 2,470,000 shares of the company’s stock, valued at approximately $90,303,200. The disclosure for this sale can be found here. Insiders sold 191,865 shares of company stock valued at $6,907,509 in the last 90 days. Corporate insiders own 26.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of URBN. Senvest Management LLC acquired a new position in shares of Urban Outfitters in the third quarter worth $36,629,000. Dimensional Fund Advisors LP grew its position in shares of Urban Outfitters by 32.9% in the third quarter. Dimensional Fund Advisors LP now owns 4,252,727 shares of the apparel retailer’s stock valued at $101,640,000 after purchasing an additional 1,053,712 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Urban Outfitters by 338.9% in the fourth quarter. Two Sigma Investments LP now owns 1,357,287 shares of the apparel retailer’s stock valued at $47,586,000 after purchasing an additional 1,048,052 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Urban Outfitters by 263.7% in the fourth quarter. Two Sigma Advisers LP now owns 1,137,687 shares of the apparel retailer’s stock valued at $39,887,000 after purchasing an additional 824,876 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Urban Outfitters in the fourth quarter valued at about $17,085,000. 76.74% of the stock is currently owned by institutional investors and hedge funds.

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About Urban Outfitters

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

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

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