Urban Outfitters, Inc. (URBN) Expected to Post Quarterly Sales of $977.24 Million

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Equities research analysts expect that Urban Outfitters, Inc. (NASDAQ:URBN) will report sales of $977.24 million for the current quarter, Zacks reports. Eleven analysts have made estimates for Urban Outfitters’ earnings. The highest sales estimate is $990.20 million and the lowest is $957.80 million. Urban Outfitters posted sales of $872.93 million in the same quarter last year, which suggests a positive year over year growth rate of 11.9%. The firm is expected to report its next earnings report after the market closes on Tuesday, August 21st.

According to Zacks, analysts expect that Urban Outfitters will report full year sales of $3.92 billion for the current fiscal year, with estimates ranging from $3.88 billion to $3.96 billion. For the next fiscal year, analysts forecast that the business will post sales of $4.08 billion per share, with estimates ranging from $4.01 billion to $4.13 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, May 22nd. The apparel retailer reported $0.38 EPS for the quarter, beating the consensus estimate of $0.30 by $0.08. Urban Outfitters had a net margin of 3.71% and a return on equity of 16.13%. The business had revenue of $855.70 million during the quarter, compared to the consensus estimate of $837.79 million. During the same period in the previous year, the business earned $0.13 earnings per share. The company’s revenue was up 12.4% on a year-over-year basis.

Several research analysts have recently issued reports on the stock. Deutsche Bank upped their price target on shares of Urban Outfitters from $32.00 to $35.00 and gave the stock a “sell” rating in a report on Tuesday, June 12th. Telsey Advisory Group upped their price target on shares of Urban Outfitters from $39.00 to $42.00 and gave the stock a “market perform” rating in a report on Wednesday, May 23rd. BidaskClub upgraded shares of Urban Outfitters from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 7th. JPMorgan Chase & Co. upped their price target on shares of Urban Outfitters from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, April 16th. Finally, Wedbush assumed coverage on shares of Urban Outfitters in a report on Thursday, July 12th. They set a “neutral” rating and a $50.00 price target for the company. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.33.

Urban Outfitters traded up $0.74, hitting $48.28, during trading on Friday, according to MarketBeat. 1,713,934 shares of the stock traded hands, compared to its average volume of 1,303,138. The company has a market cap of $5.17 billion, a P/E ratio of 28.91, a P/E/G ratio of 1.58 and a beta of 0.46. Urban Outfitters has a twelve month low of $16.68 and a twelve month high of $48.94.

In related news, General Counsel Azeez Hayne sold 7,777 shares of the business’s stock in a transaction on Tuesday, July 3rd. The shares were sold at an average price of $46.28, for a total value of $359,919.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joel S. Lawson III sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $41.82, for a total transaction of $418,200.00. Following the completion of the sale, the director now directly owns 17,000 shares in the company, valued at approximately $710,940. The disclosure for this sale can be found here. In the last three months, insiders sold 117,777 shares of company stock worth $5,071,520. 25.90% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of URBN. FMR LLC grew its stake in shares of Urban Outfitters by 79.7% in the second quarter. FMR LLC now owns 7,872,878 shares of the apparel retailer’s stock worth $350,737,000 after purchasing an additional 3,492,613 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Urban Outfitters by 5,317.6% in the second quarter. Wedge Capital Management L L P NC now owns 1,000,470 shares of the apparel retailer’s stock worth $44,571,000 after purchasing an additional 982,003 shares during the last quarter. BlackRock Inc. grew its stake in shares of Urban Outfitters by 7.9% in the second quarter. BlackRock Inc. now owns 10,188,634 shares of the apparel retailer’s stock worth $453,903,000 after purchasing an additional 749,276 shares during the last quarter. Smith Asset Management Group LP bought a new stake in shares of Urban Outfitters in the second quarter worth $25,925,000. Finally, Millennium Management LLC boosted its position in Urban Outfitters by 113.9% during the first quarter. Millennium Management LLC now owns 1,042,420 shares of the apparel retailer’s stock valued at $38,528,000 after acquiring an additional 555,116 shares during the last quarter. 66.52% of the stock is currently owned by institutional investors.

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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