Urban Outfitters (URBN) Set to Announce Quarterly Earnings on Tuesday

Urban Outfitters (NASDAQ:URBN) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 21st. Analysts expect Urban Outfitters to post earnings of $0.26 per share for the quarter.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, March 5th. The apparel retailer reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. Urban Outfitters had a net margin of 7.54% and a return on equity of 21.03%. During the same quarter last year, the business earned $0.62 earnings per share. On average, analysts expect Urban Outfitters to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NASDAQ:URBN opened at $26.98 on Friday. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 0.92 and a beta of 0.53. Urban Outfitters has a twelve month low of $25.96 and a twelve month high of $52.50.

A number of brokerages have weighed in on URBN. Wedbush increased their target price on shares of Urban Outfitters from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. BidaskClub upgraded shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Zacks Investment Research lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Telsey Advisory Group restated a “market perform” rating and issued a $35.00 price objective (down from $36.00) on shares of Urban Outfitters in a research report on Friday, February 8th. Finally, ValuEngine lowered shares of Urban Outfitters from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $40.14.

In related news, Director Edward N. Antoian sold 18,006 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $33.23, for a total value of $598,339.38. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $664,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Azeez Hayne sold 10,300 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $33.63, for a total transaction of $346,389.00. Following the completion of the sale, the general counsel now directly owns 12,523 shares in the company, valued at $421,148.49. The disclosure for this sale can be found here. Insiders sold 104,200 shares of company stock valued at $3,237,851 over the last 90 days. 24.80% of the stock is owned by company insiders.

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Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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.

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Earnings History for Urban Outfitters (NASDAQ:URBN)

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