Urban Outfitters (URBN) Projected to Post Quarterly Earnings on Wednesday

Urban Outfitters (NASDAQ:URBN) is anticipated to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $1.63 billion for the quarter. Persons 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 Tuesday, November 26th. The apparel retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s revenue 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 $54.01 on Tuesday. Urban Outfitters has a one year low of $33.86 and a one year high of $60.90. The company has a 50-day simple moving average of $55.83 and a 200-day simple moving average of $45.20. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.02 and a beta of 1.54.

Insider Buying and Selling

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 31.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on URBN. JPMorgan Chase & Co. upped their price objective on shares of Urban Outfitters from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $56.00 price target on shares of Urban Outfitters in a report on Wednesday, February 19th. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and raised their price target for the company from $42.00 to $59.00 in a report on Wednesday, November 27th. Bank of America raised their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.64.

Urban Outfitters Company Profile

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.