Urban Outfitters, Inc. (URBN) Expected to Announce Quarterly Sales of $858.08 Million

Equities research analysts expect Urban Outfitters, Inc. (NASDAQ:URBN) to announce sales of $858.08 million for the current quarter, Zacks reports. Ten analysts have provided estimates for Urban Outfitters’ earnings, with the lowest sales estimate coming in at $842.80 million and the highest estimate coming in at $869.60 million. Urban Outfitters reported sales of $862.49 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.5%. The firm is scheduled to announce its next earnings results on Tuesday, November 28th.

According to Zacks, analysts expect that Urban Outfitters will report full year sales of $858.08 million for the current fiscal year, with estimates ranging from $3.48 billion to $3.55 billion. For the next financial year, analysts anticipate that the business will report sales of $3.61 billion per share, with estimates ranging from $3.52 billion to $3.69 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Urban Outfitters had a return on equity of 15.16% and a net margin of 5.72%. The firm had revenue of $873.00 million during the quarter, compared to analyst estimates of $860.80 million. During the same quarter in the previous year, the business earned $0.66 EPS. Urban Outfitters’s revenue for the quarter was down 2.0% compared to the same quarter last year.

A number of brokerages have weighed in on URBN. Royal Bank Of Canada increased their price target on shares of Urban Outfitters from $17.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, August 16th. SunTrust Banks, Inc. reissued a “buy” rating on shares of Urban Outfitters in a report on Wednesday, August 16th. KeyCorp set a $26.00 price target on shares of Urban Outfitters and gave the company a “buy” rating in a report on Wednesday, August 16th. Deutsche Bank AG reissued a “hold” rating and issued a $18.00 price target (down from $19.00) on shares of Urban Outfitters in a report on Friday, August 11th. Finally, BMO Capital Markets set a $20.00 price target on shares of Urban Outfitters and gave the company a “hold” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $22.24.

Urban Outfitters (NASDAQ:URBN) opened at 22.95 on Tuesday. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $40.80. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 15.36 and a beta of 0.62. The company has a 50 day moving average price of $22.24 and a 200 day moving average price of $20.61.

Urban Outfitters declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “Urban Outfitters, Inc. (URBN) Expected to Announce Quarterly Sales of $858.08 Million” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/10/urban-outfitters-inc-urbn-expected-to-announce-quarterly-sales-of-858-08-million.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its stake in Urban Outfitters by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after acquiring an additional 43 shares during the last quarter. Miles Capital Inc. boosted its stake in Urban Outfitters by 0.8% during the 1st quarter. Miles Capital Inc. now owns 8,470 shares of the apparel retailer’s stock worth $201,000 after acquiring an additional 70 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Urban Outfitters by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 27,028 shares of the apparel retailer’s stock worth $501,000 after acquiring an additional 154 shares during the last quarter. Advisor Group Inc. boosted its stake in Urban Outfitters by 1.1% during the 2nd quarter. Advisor Group Inc. now owns 32,251 shares of the apparel retailer’s stock worth $595,000 after acquiring an additional 338 shares during the last quarter. Finally, Empirical Finance LLC boosted its stake in Urban Outfitters by 0.5% during the 2nd quarter. Empirical Finance LLC now owns 66,575 shares of the apparel retailer’s stock worth $1,235,000 after acquiring an additional 360 shares during the last quarter. 87.58% of the stock is currently owned by institutional investors.

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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According to Zacks, analysts expect that Urban Outfitters will report full year sales of $858.08 million for the current fiscal year, with estimates ranging from $3.48 billion to $3.55 billion. For the next financial year, analysts anticipate that the business will report sales of $3.61 billion per share, with estimates ranging from $3.52 billion to $3.69 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. Urban Outfitters had a return on equity of 15.16% and a net margin of 5.72%. The firm had revenue of $873.00 million during the quarter, compared to analyst estimates of $860.80 million. During the same quarter in the previous year, the business earned $0.66 EPS. Urban Outfitters’s revenue for the quarter was down 2.0% compared to the same quarter last year.

A number of brokerages have weighed in on URBN. Royal Bank Of Canada increased their price target on shares of Urban Outfitters from $17.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, August 16th. SunTrust Banks, Inc. reissued a “buy” rating on shares of Urban Outfitters in a report on Wednesday, August 16th. KeyCorp set a $26.00 price target on shares of Urban Outfitters and gave the company a “buy” rating in a report on Wednesday, August 16th. Deutsche Bank AG reissued a “hold” rating and issued a $18.00 price target (down from $19.00) on shares of Urban Outfitters in a report on Friday, August 11th. Finally, BMO Capital Markets set a $20.00 price target on shares of Urban Outfitters and gave the company a “hold” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $22.24.

Urban Outfitters (NASDAQ:URBN) opened at 22.95 on Tuesday. Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $40.80. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 15.36 and a beta of 0.62. The company has a 50 day moving average price of $22.24 and a 200 day moving average price of $20.61.

Urban Outfitters declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 24th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “Urban Outfitters, Inc. (URBN) Expected to Announce Quarterly Sales of $858.08 Million” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/10/urban-outfitters-inc-urbn-expected-to-announce-quarterly-sales-of-858-08-million.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its stake in Urban Outfitters by 0.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer’s stock worth $198,000 after acquiring an additional 43 shares during the last quarter. Miles Capital Inc. boosted its stake in Urban Outfitters by 0.8% during the 1st quarter. Miles Capital Inc. now owns 8,470 shares of the apparel retailer’s stock worth $201,000 after acquiring an additional 70 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Urban Outfitters by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 27,028 shares of the apparel retailer’s stock worth $501,000 after acquiring an additional 154 shares during the last quarter. Advisor Group Inc. boosted its stake in Urban Outfitters by 1.1% during the 2nd quarter. Advisor Group Inc. now owns 32,251 shares of the apparel retailer’s stock worth $595,000 after acquiring an additional 338 shares during the last quarter. Finally, Empirical Finance LLC boosted its stake in Urban Outfitters by 0.5% during the 2nd quarter. Empirical Finance LLC now owns 66,575 shares of the apparel retailer’s stock worth $1,235,000 after acquiring an additional 360 shares during the last quarter. 87.58% of the stock is currently owned by institutional investors.

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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