Urban Outfitters: Rare Retail Winner Ahead of Earnings (URBN)

By Douglas A. McIntyre Published Mar 1, 8:01AM EST

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On Thursday morning we’ll get to see earnings out of Urban Outfitters Inc. (NASDAQ: URBN). The estimates for the specialty retail company from First Call are $462.28 million in revenues. Next quarter estimates are $383.06 million in revenues. Estimates for fiscal Jan-2009 are $1.82 billion in revenues. Because of EPS revisions, we’ll give more formal EPS targets as the news event is closer.

Analysts have an average price target north of $31.00 and Urban Outfitters’ 52-week trading range is $19.20 to $31.32. This one has over 20.7 million shares in the short interest upon last look.

Despite the stock being within about 10% of its 52-week highs at $28.78, it still seems like many had mostly forgotten about Urban Outfitters as a stock for quite some time after that exponential rise came to maturity in 2005. What is interesting is that it is also toward the higher-end of its trading range highs from back in 2005. Stay tuned for this one, because it is fairly hard to find a retail stock that has done this well over the last six months.

Jon C. Ogg
March 1, 2008

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.