Urban Outfitters (URBN) to Release Earnings on Tuesday

Urban Outfitters (NASDAQ:URBN) is expected to be announcing its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $1.63 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.25. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company earned $0.88 EPS. 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 Stock Performance

Shares of NASDAQ URBN opened at $56.01 on Tuesday. The stock has a 50 day moving average price of $55.55 and a 200 day moving average price of $44.67. The stock has a market capitalization of $5.17 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $60.90.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Robert W. Baird raised their target price on shares of Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, January 18th. Finally, Barclays boosted their target price on Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.64.

Insider Transactions at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of Urban Outfitters stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the director now directly owns 495,296 shares in the company, valued at approximately $25,012,448. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.