Wall Street brokerages expect that Urban Outfitters, Inc. (NASDAQ:URBN) will post earnings of $0.59 per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Urban Outfitters’ earnings. The lowest EPS estimate is $0.57 and the highest is $0.62. Urban Outfitters posted earnings of $0.84 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 29.8%. The business is expected to announce its next quarterly earnings results on Tuesday, August 20th.

On average, analysts expect that Urban Outfitters will report full year earnings of $2.41 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.54. For the next year, analysts anticipate that the firm will post earnings of $2.70 per share, with EPS estimates ranging from $2.21 to $2.97. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, May 21st. The apparel retailer reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $864.41 million for the quarter, compared to analyst estimates of $857.31 million. Urban Outfitters had a return on equity of 20.07% and a net margin of 7.31%. During the same period in the previous year, the firm earned $0.38 EPS.

A number of research analysts have commented on URBN shares. Deutsche Bank set a $33.00 price objective on Urban Outfitters and gave the company a “hold” rating in a report on Monday, June 10th. Nomura increased their price target on TJX Companies from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. B. Riley cut their price target on Urban Outfitters from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Wells Fargo & Co restated a “hold” rating and issued a $175.00 target price on shares of Advance Auto Parts in a report on Wednesday, May 22nd. Finally, DA Davidson upgraded Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the company from $30.00 to $36.00 in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Urban Outfitters has a consensus rating of “Hold” and an average target price of $37.49.

Hedge funds have recently modified their holdings of the business. Bessemer Group Inc. increased its stake in Urban Outfitters by 105.5% in the 4th quarter. Bessemer Group Inc. now owns 972 shares of the apparel retailer’s stock worth $32,000 after buying an additional 499 shares in the last quarter. Parallel Advisors LLC increased its stake in Urban Outfitters by 114.9% in the 1st quarter. Parallel Advisors LLC now owns 1,180 shares of the apparel retailer’s stock worth $35,000 after buying an additional 631 shares in the last quarter. Signaturefd LLC increased its stake in Urban Outfitters by 178.1% in the 1st quarter. Signaturefd LLC now owns 1,232 shares of the apparel retailer’s stock worth $37,000 after buying an additional 789 shares in the last quarter. Royce & Associates LP purchased a new stake in Urban Outfitters in the 1st quarter worth $50,000. Finally, Smithfield Trust Co. purchased a new stake in Urban Outfitters in the 1st quarter worth $53,000. Institutional investors and hedge funds own 77.90% of the company’s stock.

Shares of URBN stock traded up $0.03 during trading on Friday, reaching $22.77. 2,224,060 shares of the company’s stock were exchanged, compared to its average volume of 2,850,299. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.76 and a quick ratio of 1.13. The business has a fifty day moving average price of $23.31. Urban Outfitters has a twelve month low of $22.19 and a twelve month high of $52.50. The stock has a market capitalization of $2.28 billion, a PE ratio of 8.30, a PEG ratio of 0.86 and a beta of 0.73.

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.

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

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