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Category: Stock Market and Urban Outfitters (URBN)
Date: 26 November 2020 Stock Price of Urban Outfitters: $29.76 We take a look at the 3rd quarter 2021 earnings report of Urban Outfitters a lifestyle-orientated and general merchandise and consumer products group with a portfolio of global consumer brands. Revenue came in at $969.6 million and net income of $76.7 million for the 3rd quarter of their 2021 fiscal year.
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I am pleased to announce URBN delivered record Q3 earnings per share in spite of an incredibly difficult operating environment said Richard A. Hayne , Chief Executive Officer "
About Urban Outfitters
Urban Outfitters, Inc., offers lifestyle-oriented general merchandise and consumer products and services through a portfolio of global consumer brands comprised of 249 Urban Outfitters stores in the United States, Canada and Europe and websites; 231 Anthropologie Group stores in the United States, Canada and Europe, catalogs and websites; 143 Free People stores in the United States, Canada and Europe, catalogs and websites, 11 Food and Beverage restaurants, 5 Urban Outfitters franchisee-owned stores, 1 Anthropologie Group franchisee-owned store and 1 Free People franchisee-owned store, as of October 31, 2019. Free People, Anthropologie Group and Urban Outfitters wholesale sell their products through approximately 2,200 department and specialty stores worldwide, digital businesses and the Company’s Retail segment.
Urban Outfitters store entrance. Image obtained from Retailgazette.co.uk
Overview of Urban Outfitters' 3rd quarter 2021 earnings report
The data refers to the latest quarter unless specified otherwise
- Net sales: $969.6 million (down from $987.4 million for the same quarter of the previous year)
- Net sales decreased by -1.8% over the last 12 months
- Cost of sales: $646.6 million (down from $666.3 million for the same quarter of the previous year)
- Cost of sales decreased by -2.9% over the last 12 months
- Some margin gain for Urban Outfitters as revenues declined at a slower rate than their cost of sales
- Net income: $76.7 million (up from $55.6 million for the same quarter of the previous year)
- Diluted earnings per share: $0.78 (up from $0.56 for the same quarter of the previous year)
- PE ratio of Urban Outfitters: 9.3
- Diluted shares in issue: 97.910 million (down from 105.340 million for the same quarter of the previous year)
- Cash and cash equivalents: $588.740 million
- Cash and equivalents per share: $6.01
- Cash and equivalents makes up 36.4% of Urban Outfitters market capital
- Cash and equivalents makes up 17.5% of Urban Outfitters total assets
- Inventories of Urban Outfitters: $335.640 million
- Inventories makes up 10% of Urban Outfitters total assets
- Stockholders equity in Urban Outfitters: $1.298 billion
- Stockholders equity per Urban Outfitters stock: $13.25
- So Urban Outfitters is trading at 1.24 times its stockholders equity per share which is just outside the expected range of between 2 and 4 times that most firms then to trade at
- For some perspective the average price to book value of firms in the S&P 500 is 3.7
Urban Outfitters management commentary on their 3rd quarter 2021 earnings
PHILADELPHIA, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of the Anthropologie, BHLDN, Free People, FP Movement, Terrain, Urban Outfitters, Nuuly and Menus & Venues brands, today announced net income of $77 million and record earnings per diluted share of $0.78 for the three months ended October 31, 2020. For the nine months ended October 31, 2020, net loss was $27 million and loss per diluted share was $0.28.
Total Company net sales for the three months ended October 31, 2020, decreased 1.8% over the same period last year to $970 million. Comparable Retail segment net sales were flat as a result of negative retail store sales driven by lower store productivity due to reduced store traffic, offset by strong double-digit growth in the digital channel. By brand, comparable Retail segment net sales increased 17% at Free People and 4% at Urban Outfitters and decreased 9% at the Anthropologie Group. Wholesale segment net sales decreased 24%.
Total Company net sales for the three months ended October 31, 2020, decreased 1.8% over the same period last year to $970 million. Comparable Retail segment net sales were flat as a result of negative retail store sales driven by lower store productivity due to reduced store traffic, offset by strong double-digit growth in the digital channel. By brand, comparable Retail segment net sales increased 17% at Free People and 4% at Urban Outfitters and decreased 9% at the Anthropologie Group. Wholesale segment net sales decreased 24%.
“I am pleased to announce URBN delivered record Q3 earnings per share in spite of an incredibly difficult operating environment,” said Richard A. Hayne, Chief Executive Officer. “Our 38% increase in net profits was driven by strong product assortments combined with tight control of inventory and expenses,” finished Mr. Hayne.
During the nine months ended October 31, 2020, the Company opened a total of twelve new retail locations including: six Urban Outfitters stores, three Anthropologie Group stores and three Free People stores (including one FP Movement store); and closed five retail locations including: four Urban Outfitters stores and one Free People store. During the nine months ended October 31, 2020, four Urban Outfitters franchisee-owned stores and one Free People franchisee-owned store were closed.
During the nine months ended October 31, 2020, the Company opened a total of twelve new retail locations including: six Urban Outfitters stores, three Anthropologie Group stores and three Free People stores (including one FP Movement store); and closed five retail locations including: four Urban Outfitters stores and one Free People store. During the nine months ended October 31, 2020, four Urban Outfitters franchisee-owned stores and one Free People franchisee-owned store were closed.
Urban Outfitters (URBN) stock price history over the last 5 years
The image below, obtained from Google shows the stock price history of Urban Outfitters (NASDAQ: URBN) for the last 5 years and it's not been a good time for Urban Outfitters stockholders over the last 5 years. 5 years ago the stock was trading at $35.40 and its currently trading at $16.50. That's a loss of -53.4% suffered by Urban Outfitters stockholders over the last 5 years.
The stock of Urban Outfitters is trading at closer to its 52 week low of $12.28 than it is to its 52 week high of $31.41 which to us in an indication that the short term sentiment and momentum of Urban Outfitters stock is negative at this point in time.
The stock of Urban Outfitters is trading at closer to its 52 week low of $12.28 than it is to its 52 week high of $31.41 which to us in an indication that the short term sentiment and momentum of Urban Outfitters stock is negative at this point in time.
Urban Outfitters (NASDAQ: URBN) stock price history over the last 5 years.
Urban Outfitters (URBN) vs Buckle Inc (BKE) vs American Eagle Outfitters (AEO) stock over the last 5 years
The image below shows the stock price performance of Urban Outfitters (URBN) vs Buckle Inc (BKE) vs American Eagle Outfitters (AEO) stock over the last 5 years. All of these firms are active in the clothing and accessories sector and their share price performances are pretty similar. The summary below shows their stock price performance over the last 5 years.
The stock of Urban Outfitters has easily outperformed that of American Eagle Outfitters and Buckle over the last 5 years
- Urban Outfitters (URBN): 26.9%
- American Eagle Outfitter (AEO): 18.9%
- Buckle (BKE): -6.5%
The stock of Urban Outfitters has easily outperformed that of American Eagle Outfitters and Buckle over the last 5 years
Urban Outfitters (URBN) vs Buckle Inc (BKE) vs American Eagle Outfitters (AEO) stock over the last 3 years
Recent coverage of Urban Outfitters (URBN)
The extract below covers the latest regarding Urban Outfitters as obtained from Investorsobserver.com
Overall market sentiment has been high on Urban Outfitters, Inc. (URBN) stock lately. URBN receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator. Urban Outfitters, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on URBN!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening
With URBN Stock Today?Urban Outfitters, Inc. (URBN) stock is trading at $31.88 as of 3:07 PM on Monday, Nov 23, a rise of $1.56, or 5.16% from the previous closing price of $30.32. The stock has traded between $30.15 and $31.98 so far today. Volume today is 2,140,398 compared to average volume of 1,887,156.
Read the full article here
Overall market sentiment has been high on Urban Outfitters, Inc. (URBN) stock lately. URBN receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator. Urban Outfitters, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on URBN!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening
With URBN Stock Today?Urban Outfitters, Inc. (URBN) stock is trading at $31.88 as of 3:07 PM on Monday, Nov 23, a rise of $1.56, or 5.16% from the previous closing price of $30.32. The stock has traded between $30.15 and $31.98 so far today. Volume today is 2,140,398 compared to average volume of 1,887,156.
Read the full article here
Inside a Urban Outfitters store in Paris
Urban Outfitters (NASDAQ: URBN) latest stock valuation
So what is Urban Outfitters stock worth based on their 3rd quarter 2021 earnings report? Based on Urban Outfitters latest earnings report our valuation model provides a target price (full value price) for Urban Outfitters at $29.70 a stock. We therefore believe the stock of Urban Outfitters is fully valued
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price), which in this case is $29.70, thus a good entry point into Urban Outfitters would be at $26.70 or below.
Since the stock of Urban Outfitters is trading at very close to our target price we rate the stock of Urban Outfitters as a hold
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price), which in this case is $29.70, thus a good entry point into Urban Outfitters would be at $26.70 or below.
Since the stock of Urban Outfitters is trading at very close to our target price we rate the stock of Urban Outfitters as a hold
Next earnings release for Urban Outfitters
It is expected that Urban Outfitters will release their 4th quarter 2021 earnings report in mid February 2021