Zacks Research Has Bullish Outlook for URBN FY2027 Earnings

Key Points

• Zacks Research has increased its FY2027 earnings per share estimate for Urban Outfitters to $5.74, up from a previous estimate of $5.19.
• Barclays and JPMorgan Chase both reaffirmed an "overweight" rating on Urban Outfitters and set a target price of $89.00 per share.
• Urban Outfitters reported a quarterly EPS of $1.58, exceeding the consensus estimate of $1.44, with quarterly revenue rising by 11.3% year-over-year to $1.50 billion.

Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) - Stock analysts at Zacks Research upped their FY2027 earnings per share estimates for shares of Urban Outfitters in a research report issued to clients and investors on Wednesday, September 17th. Zacks Research analyst Team now anticipates that the apparel retailer will earn $5.74 per share for the year, up from their prior estimate of $5.19. The consensus estimate for Urban Outfitters' current full-year earnings is $3.91 per share. Zacks Research also issued estimates for Urban Outfitters' Q4 2027 earnings at $1.57 EPS and FY2028 earnings at $6.48 EPS.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.14. Urban Outfitters had a return on equity of 18.43% and a net margin of 8.15%.The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. Urban Outfitters's quarterly revenue was up 11.3% compared to the same quarter last year.

Other analysts have also issued research reports about the company. Wall Street Zen upgraded Urban Outfitters from a "buy" rating to a "strong-buy" rating in a report on Saturday. Citigroup restated a "neutral" rating and set a $76.00 price target (up previously from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Barclays restated an "overweight" rating and set a $89.00 price target on shares of Urban Outfitters in a report on Friday, August 29th. Wells Fargo & Company increased their price target on Urban Outfitters from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. increased their price target on Urban Outfitters from $88.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $81.91.

Urban Outfitters Trading Down 0.2%

NASDAQ:URBN traded down $0.17 during midday trading on Friday, hitting $71.41. 2,448,865 shares of the company traded hands, compared to its average volume of 2,273,542. The firm's fifty day moving average is $73.85 and its 200-day moving average is $64.45. Urban Outfitters has a 12-month low of $34.76 and a 12-month high of $80.71. The firm has a market capitalization of $6.41 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.14 and a beta of 1.29.

Hedge Funds Weigh In On Urban Outfitters

Several institutional investors have recently made changes to their positions in URBN. Whipplewood Advisors LLC increased its stake in shares of Urban Outfitters by 2,893.8% during the first quarter. Whipplewood Advisors LLC now owns 479 shares of the apparel retailer's stock valued at $25,000 after buying an additional 463 shares during the period. Hollencrest Capital Management purchased a new position in Urban Outfitters in the second quarter valued at about $26,000. Cullen Frost Bankers Inc. grew its stake in Urban Outfitters by 180.2% in the second quarter. Cullen Frost Bankers Inc. now owns 468 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 301 shares during the last quarter. Federated Hermes Inc. grew its stake in Urban Outfitters by 17,175.0% in the first quarter. Federated Hermes Inc. now owns 691 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 687 shares during the last quarter. Finally, Kilter Group LLC purchased a new position in Urban Outfitters in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 77.61% of the company's stock.

Insider Activity at Urban Outfitters

In other news, Director Mary Egan sold 1,000 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $70.12, for a total transaction of $70,120.00. Following the transaction, the director owned 14,250 shares in the company, valued at approximately $999,210. This trade represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 31.60% of the company's stock.

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.