Urban Outfitters (URBN) to Release Earnings on Wednesday

Urban Outfitters (NASDAQ:URBN) will likely be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Urban Outfitters to post earnings of $0.89 per share and revenue of $1.63 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. Urban Outfitters’s revenue for the quarter was up 6.3% compared to the same quarter last year. 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 Price Performance

Shares of NASDAQ URBN opened at $52.80 on Monday. The business’s 50-day moving average price is $55.84 and its two-hundred day moving average price is $45.10. Urban Outfitters has a one year low of $33.86 and a one year high of $60.90. The company has a market capitalization of $4.87 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on URBN shares. Robert W. Baird upped their price target on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Barclays boosted their price objective on Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped their price target on Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Bank of America upped their price target on Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com cut Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.64.

Insider Buying and Selling at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. This represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 31.80% of the company’s stock.

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.