Urban Outfitters (NASDAQ:URBN – Get Rating) is scheduled to announce its earnings results after the market closes on Tuesday, May 24th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Urban Outfitters (NASDAQ:URBN – Get Rating) last posted its quarterly earnings results on Tuesday, March 1st. The apparel retailer reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.08). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. Urban Outfitters had a return on equity of 18.55% and a net margin of 6.83%. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. On average, analysts expect Urban Outfitters to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
URBN opened at $19.98 on Monday. The company has a fifty day moving average price of $24.71 and a 200-day moving average price of $27.96. The firm has a market capitalization of $1.91 billion, a P/E ratio of 6.40, a price-to-earnings-growth ratio of 0.38 and a beta of 1.43. Urban Outfitters has a one year low of $19.52 and a one year high of $42.10.
Large investors have recently modified their holdings of the stock. Credit Suisse AG grew its position in shares of Urban Outfitters by 0.6% during the fourth quarter. Credit Suisse AG now owns 68,344 shares of the apparel retailer’s stock worth $2,006,000 after acquiring an additional 392 shares during the last quarter. Quantamental Technologies LLC grew its position in Urban Outfitters by 3.2% in the 1st quarter. Quantamental Technologies LLC now owns 18,199 shares of the apparel retailer’s stock valued at $457,000 after buying an additional 561 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Urban Outfitters by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,483 shares of the apparel retailer’s stock valued at $490,000 after buying an additional 625 shares during the last quarter. First Republic Investment Management Inc. grew its position in Urban Outfitters by 2.3% in the 1st quarter. First Republic Investment Management Inc. now owns 58,519 shares of the apparel retailer’s stock valued at $1,469,000 after buying an additional 1,316 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Urban Outfitters by 5.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 37,834 shares of the apparel retailer’s stock valued at $978,000 after buying an additional 1,920 shares during the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the stock. StockNews.com started coverage on shares of Urban Outfitters in a research note on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Urban Outfitters from $42.00 to $35.00 in a report on Wednesday, February 16th. Barclays cut shares of Urban Outfitters from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $34.00 to $29.00 in a report on Friday, April 1st. Morgan Stanley lowered their price objective on shares of Urban Outfitters from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, March 7th. Finally, B. Riley lowered their price objective on shares of Urban Outfitters from $44.00 to $39.00 and set a “na” rating on the stock in a research report on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Urban Outfitters currently has a consensus rating of “Hold” and an average target price of $35.50.
About Urban Outfitters (Get Rating)
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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.
- Get a free copy of the StockNews.com research report on Urban Outfitters (URBN)
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