Urban Outfitters (URBN) Scheduled to Post Quarterly Earnings on Tuesday

Urban Outfitters (NASDAQ:URBN) is set to issue its quarterly earnings data after the market closes on Tuesday, November 26th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.24. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. On average, analysts expect Urban Outfitters to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Urban Outfitters Trading Up 0.5 %

Shares of Urban Outfitters stock opened at $38.40 on Tuesday. Urban Outfitters has a 12 month low of $31.37 and a 12 month high of $48.90. The stock’s fifty day moving average price is $36.89 and its 200-day moving average price is $40.15. The firm has a market cap of $3.54 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.92 and a beta of 1.50.

Insider Buying and Selling at Urban Outfitters

In other news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on URBN. Bank of America lowered their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group lowered their target price on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. Barclays cut their price target on Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, August 22nd. Telsey Advisory Group lowered Urban Outfitters from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $49.00 to $44.00 in a research report on Thursday, August 22nd. Finally, StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.30.

About Urban Outfitters

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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 apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.