FY2022 Earnings Estimate for Urban Outfitters, Inc. (NASDAQ:URBN) Issued By William Blair

Urban Outfitters, Inc. (NASDAQ:URBN) – Analysts at William Blair lowered their FY2022 earnings per share estimates for Urban Outfitters in a note issued to investors on Tuesday, January 11th. William Blair analyst D. Carden now forecasts that the apparel retailer will post earnings per share of $3.26 for the year, down from their previous forecast of $3.46. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for Urban Outfitters’ Q2 2023 earnings at $0.68 EPS, Q4 2023 earnings at $0.65 EPS, FY2023 earnings at $2.47 EPS and FY2024 earnings at $3.10 EPS.

A number of other brokerages have also commented on URBN. Barclays decreased their price objective on Urban Outfitters from $53.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday. B. Riley decreased their price objective on Urban Outfitters from $45.00 to $44.00 in a report on Friday, January 7th. JPMorgan Chase & Co. decreased their price objective on Urban Outfitters from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, January 4th. Zacks Investment Research lowered Urban Outfitters from a “strong-buy” rating to a “sell” rating and set a $33.00 target price for the company. in a report on Tuesday, October 26th. Finally, Telsey Advisory Group reduced their target price on Urban Outfitters from $47.00 to $38.00 and set an “outperform” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.50.

URBN stock opened at $28.15 on Thursday. The stock’s 50 day simple moving average is $31.35 and its 200 day simple moving average is $33.48. The company has a market cap of $2.76 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.46 and a beta of 1.55. Urban Outfitters has a fifty-two week low of $26.04 and a fifty-two week high of $42.10.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings results on Monday, November 22nd. The apparel retailer reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. Urban Outfitters had a return on equity of 18.60% and a net margin of 6.93%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business earned $0.78 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis.

In other Urban Outfitters news, CAO Azeez Hayne sold 1,100 shares of the firm’s stock in a transaction dated Wednesday, November 3rd. The stock was sold at an average price of $35.00, for a total transaction of $38,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 27.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Shapiro Capital Management LLC raised its position in Urban Outfitters by 35.3% during the third quarter. Shapiro Capital Management LLC now owns 8,698,955 shares of the apparel retailer’s stock valued at $258,272,000 after purchasing an additional 2,271,175 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Urban Outfitters by 7.0% in the second quarter. Vanguard Group Inc. now owns 6,097,784 shares of the apparel retailer’s stock worth $251,351,000 after buying an additional 396,575 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Urban Outfitters by 1.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,424,464 shares of the apparel retailer’s stock worth $131,362,000 after buying an additional 73,017 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Urban Outfitters by 14.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,642,927 shares of the apparel retailer’s stock worth $108,168,000 after buying an additional 446,434 shares during the period. Finally, Turtle Creek Asset Management Inc. increased its holdings in shares of Urban Outfitters by 28.4% in the third quarter. Turtle Creek Asset Management Inc. now owns 3,065,195 shares of the apparel retailer’s stock worth $91,006,000 after buying an additional 678,850 shares during the period. Institutional investors and hedge funds own 71.08% of the company’s stock.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.

Read More: What is the formula for the cash asset ratio?

Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.