Equities research analysts predict that Urban Outfitters, Inc. (NASDAQ:URBN) will announce sales of $968.80 million for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Urban Outfitters’ earnings, with estimates ranging from $957.69 million to $985.00 million. Urban Outfitters posted sales of $892.77 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, November 19th.

On average, analysts expect that Urban Outfitters will report full-year sales of $3.96 billion for the current financial year, with estimates ranging from $3.93 billion to $3.98 billion. For the next year, analysts forecast that the business will report sales of $4.12 billion, with estimates ranging from $4.02 billion to $4.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, August 21st. The apparel retailer reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Urban Outfitters had a return on equity of 18.92% and a net margin of 4.71%. The firm had revenue of $992.50 million during the quarter, compared to the consensus estimate of $980.19 million. During the same period last year, the company earned $0.44 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis.

Several brokerages have recently weighed in on URBN. MKM Partners raised their price target on Urban Outfitters to $47.00 and gave the company a “neutral” rating in a report on Wednesday, August 22nd. BidaskClub upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. B. Riley raised their price target on Urban Outfitters from $42.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, August 22nd. Loop Capital raised their price target on Urban Outfitters from $55.00 to $56.00 and gave the company a “sell” rating in a report on Tuesday, August 21st. Finally, Zacks Investment Research downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $45.83.

Shares of NASDAQ:URBN traded down $0.92 on Monday, hitting $40.44. 2,111,280 shares of the company traded hands, compared to its average volume of 2,276,952. Urban Outfitters has a 52 week low of $24.58 and a 52 week high of $52.50. The company has a market capitalization of $4.44 billion, a PE ratio of 24.22, a PEG ratio of 1.20 and a beta of 0.54.

In related news, CEO Trish Donnelly sold 19,332 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $46.10, for a total transaction of $891,205.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 25.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in Urban Outfitters by 5.9% in the second quarter. PNC Financial Services Group Inc. now owns 19,764 shares of the apparel retailer’s stock worth $881,000 after purchasing an additional 1,107 shares during the last quarter. Advisors Preferred LLC boosted its position in Urban Outfitters by 50.2% in the second quarter. Advisors Preferred LLC now owns 3,780 shares of the apparel retailer’s stock worth $169,000 after purchasing an additional 1,264 shares during the last quarter. Hartford Investment Management Co. boosted its position in Urban Outfitters by 11.4% in the third quarter. Hartford Investment Management Co. now owns 12,800 shares of the apparel retailer’s stock worth $524,000 after purchasing an additional 1,309 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in Urban Outfitters by 16.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,625 shares of the apparel retailer’s stock worth $435,000 after purchasing an additional 1,480 shares during the last quarter. Finally, Point72 Hong Kong Ltd boosted its position in Urban Outfitters by 145.5% in the second quarter. Point72 Hong Kong Ltd now owns 2,600 shares of the apparel retailer’s stock worth $116,000 after purchasing an additional 1,541 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc, a lifestyle products and services company, engages in the retail and wholesale of general consumer products. The company retails women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28 under the Urban Outfitters brand; and women's casual apparel and accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty products for women aged 28 to 45 under the Anthropologie brand.

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

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