Urban Outfitters, Inc. (URBN) Set to Announce Earnings on Tuesday
Urban Outfitters, Inc. (NASDAQ:URBN) is set to release its earnings data after the market closes on Tuesday, November 21st. Analysts expect Urban Outfitters to post earnings of $0.33 per share for the quarter.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, August 15th. The apparel retailer reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. The company had revenue of $873.00 million for the quarter, compared to analyst estimates of $860.80 million. Urban Outfitters had a return on equity of 13.61% and a net margin of 4.92%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. On average, analysts expect Urban Outfitters to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Urban Outfitters, Inc. (NASDAQ:URBN) opened at $24.95 on Tuesday. The firm has a market capitalization of $2,826.53, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.54 and a beta of 0.62. Urban Outfitters, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $40.80.
Urban Outfitters announced that its Board of Directors has initiated a share repurchase program on Thursday, August 24th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the apparel retailer to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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URBN has been the subject of a number of recent research reports. Royal Bank Of Canada set a $17.00 target price on Urban Outfitters and gave the stock a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research raised Urban Outfitters from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, October 17th. BidaskClub raised Urban Outfitters from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Morgan Stanley raised their target price on Urban Outfitters from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 16th. Finally, Bank of America Corporation set a $24.00 target price on Urban Outfitters and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $22.47.
About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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