Urban Outfitters, Inc. (URBN) Scheduled to Post Quarterly Earnings on Tuesday

Urban Outfitters, Inc. (NASDAQ:URBN) is set to announce its earnings results after the market closes on Tuesday, November 21st. Analysts expect the company to announce earnings of $0.33 per share for the quarter.

Shares of Urban Outfitters, Inc. (NASDAQ URBN) opened at $27.90 on Friday. Urban Outfitters, Inc. has a one year low of $16.19 and a one year high of $39.29. The stock has a market cap of $3,060.00, a P/E ratio of 16.51, a PEG ratio of 1.52 and a beta of 0.62.

Urban Outfitters declared that its board has approved a stock buyback program on Thursday, August 24th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the apparel retailer to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Several research firms recently commented on URBN. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Urban Outfitters in a report on Monday, September 18th. Wolfe Research raised shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Wednesday. Deutsche Bank AG downgraded shares of Urban Outfitters from a “hold” rating to a “sell” rating and cut their price objective for the stock from $23.00 to $19.00 in a report on Tuesday, October 3rd. Telsey Advisory Group raised their price objective on shares of Urban Outfitters from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Wednesday, August 16th. Finally, BMO Capital Markets set a $20.00 price objective on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Monday, September 11th. Three equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.03.

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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.

Earnings History for Urban Outfitters (NASDAQ:URBN)

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