Urban Outfitters (URBN) to Release Quarterly Earnings on Tuesday

Posted by Defense World Staff on Aug 15th, 2023

Urban Outfitters (NASDAQ:URBN – Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, August 22nd. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Urban Outfitters (NASDAQ:URBN – Get Free Report) last issued its quarterly earnings data on Tuesday, May 23rd. The apparel retailer reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.20. Urban Outfitters had a return on equity of 10.45% and a net margin of 3.73%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts expect Urban Outfitters to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Urban Outfitters Price Performance

Shares of URBN stock opened at $36.39 on Tuesday. Urban Outfitters has a 1-year low of $18.75 and a 1-year high of $37.81. The stock’s 50-day moving average is $34.15 and its 200 day moving average is $29.82. The company has a market cap of $3.37 billion, a P/E ratio of 18.76, a PEG ratio of 0.72 and a beta of 1.51.

Insider Transactions at Urban Outfitters

In other news, CFO Melanie Marein-Efron sold 16,036 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $31.24, for a total value of $500,964.64. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at $31,240. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Todd R. Morgenfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $32.58, for a total transaction of $162,900.00. Following the sale, the director now directly owns 19,000 shares of the company’s stock, valued at $619,020. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Melanie Marein-Efron sold 16,036 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $31.24, for a total value of $500,964.64. Following the sale, the chief financial officer now directly owns 1,000 shares in the company, valued at $31,240. The disclosure for this sale can be found here. Company insiders own 31.90% of the company’s stock.

Institutional Trading of Urban Outfitters

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its holdings in Urban Outfitters by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 42,714 shares of the apparel retailer’s stock worth $1,415,000 after acquiring an additional 277 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Urban Outfitters by 6.7% in the second quarter. Ameritas Investment Partners Inc. now owns 5,274 shares of the apparel retailer’s stock valued at $175,000 after purchasing an additional 329 shares during the period. Commonwealth Equity Services LLC grew its holdings in Urban Outfitters by 3.7% in the second quarter. Commonwealth Equity Services LLC now owns 10,314 shares of the apparel retailer’s stock valued at $342,000 after purchasing an additional 367 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Urban Outfitters by 20.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,374 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 400 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Urban Outfitters by 5.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,660 shares of the apparel retailer’s stock valued at $287,000 after purchasing an additional 430 shares during the period. 73.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

URBN has been the topic of a number of recent research reports. Barclays raised their price objective on Urban Outfitters from $38.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, August 1st. Citigroup cut Urban Outfitters from a “buy” rating to a “neutral” rating and increased their price target for the company from $36.00 to $40.00 in a research note on Monday. BMO Capital Markets increased their price target on Urban Outfitters from $25.00 to $31.00 in a research note on Wednesday, May 24th. StockNews.com upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Urban Outfitters from $26.00 to $29.00 in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $33.18.

Get Our Latest Stock Report on URBN

Urban Outfitters Company Profile

(Get Free Report)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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.