$0.60 EPS Expected for Urban Outfitters, Inc. (NASDAQ:URBN) This Quarter

Wall Street brokerages forecast that Urban Outfitters, Inc. (NASDAQ:URBN) will post earnings per share of $0.60 for the current quarter, according to Zacks. Eleven analysts have made estimates for Urban Outfitters’ earnings. The highest EPS estimate is $0.62 and the lowest is $0.57. Urban Outfitters posted earnings per share of $0.84 in the same quarter last year, which suggests a negative year-over-year growth rate of 28.6%. The company is scheduled to announce its next quarterly earnings results on Tuesday, August 20th.

On average, analysts expect that Urban Outfitters will report full-year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.54. For the next financial year, analysts expect that the firm will report earnings of $2.73 per share, with EPS estimates ranging from $2.56 to $2.97. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The business had revenue of $864.41 million for the quarter, compared to the consensus estimate of $857.31 million. Urban Outfitters had a net margin of 7.31% and a return on equity of 20.07%. During the same quarter in the prior year, the firm posted $0.38 earnings per share.



Several equities analysts recently issued reports on URBN shares. Wells Fargo & Co reduced their price objective on shares of Urban Outfitters from $30.00 to $28.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 price target (down previously from $33.00) on shares of Urban Outfitters in a research note on Wednesday, May 22nd. BidaskClub raised shares of Urban Outfitters from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 30th. Wedbush increased their price target on shares of Urban Outfitters from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Finally, Deutsche Bank set a $33.00 price target on shares of Urban Outfitters and gave the stock a “hold” rating in a research note on Monday, June 10th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $37.49.

In other news, General Counsel Azeez Hayne sold 10,300 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $33.63, for a total value of $346,389.00. Following the completion of the sale, the general counsel now owns 12,523 shares of the company’s stock, valued at $421,148.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward N. Antoian sold 18,006 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $33.23, for a total transaction of $598,339.38. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $664,600. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,450 shares of company stock worth $1,872,124. 24.80% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in URBN. Norges Bank acquired a new stake in shares of Urban Outfitters in the fourth quarter worth $42,713,000. Oregon Public Employees Retirement Fund increased its position in shares of Urban Outfitters by 3,059.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,003,171 shares of the apparel retailer’s stock worth $30,000 after acquiring an additional 971,424 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Urban Outfitters by 182.8% in the first quarter. Parametric Portfolio Associates LLC now owns 811,393 shares of the apparel retailer’s stock worth $24,050,000 after acquiring an additional 524,469 shares in the last quarter. Bank of America Corp DE increased its position in shares of Urban Outfitters by 41.1% in the fourth quarter. Bank of America Corp DE now owns 1,627,118 shares of the apparel retailer’s stock worth $54,020,000 after acquiring an additional 473,667 shares in the last quarter. Finally, FMR LLC increased its position in shares of Urban Outfitters by 6.9% in the fourth quarter. FMR LLC now owns 5,682,118 shares of the apparel retailer’s stock worth $188,646,000 after acquiring an additional 368,920 shares in the last quarter. 77.77% of the stock is owned by institutional investors.

Shares of URBN traded up $0.01 on Friday, hitting $23.12. 101,741 shares of the stock traded hands, compared to its average volume of 3,121,029. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 0.75. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 0.85 and a beta of 0.76. The firm has a 50 day moving average price of $24.70. Urban Outfitters has a 1 year low of $22.19 and a 1 year high of $52.50.

Urban Outfitters Company Profile

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.

Further Reading: Recession

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

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