Urban Outfitters (URBN) to Release Quarterly Earnings on Tuesday

Urban Outfitters (NASDAQ:URBN) will be issuing its quarterly earnings data after the market closes on Tuesday, November 26th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Wednesday, August 21st. The apparel retailer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.24. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. 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 Up 0.5 %

Urban Outfitters stock opened at $38.40 on Tuesday. The business’s 50-day moving average price is $36.89 and its 200 day moving average price is $40.15. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 0.92 and a beta of 1.50. Urban Outfitters has a 52 week low of $31.37 and a 52 week high of $48.90.

Analyst Upgrades and Downgrades

URBN has been the topic of several recent research reports. Morgan Stanley lowered their price objective on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Telsey Advisory Group lowered shares of Urban Outfitters from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $49.00 to $44.00 in a research report on Thursday, August 22nd. StockNews.com cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Jefferies Financial Group lowered their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Thursday, August 22nd. Finally, BMO Capital Markets cut their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Urban Outfitters has an average rating of “Hold” and an average target price of $42.30.

Insider Buying and Selling

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.80% of the stock is owned by company insiders.

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.