NEW YORK (TheStreet) -- Shares of Urban Outfitters Inc (URBN) closed up 0.71% to $39.59 in Friday's regular session, ahead of the apparel company's first quarter earnings release on Monday after the closing bell.
Urban Outfitters is projected to report another rise in comparable sales following a year of declines, driven by its Urban Outfitters brand recovery along with strong demand for its Free People line of clothing, according to Reuters.
Investors are awaiting any revisions to its full-year forecast, comments on the Urban Outfitters brand performance, as well as its plans for expansion plans, Reuters added.
For the first quarter, Wall Street forecasts earnings of 30 cents per share on revenue of $758.25 million, according to analysts polled by Thomson Reuters.
In the same quarter a year ago, Urban earned 26 cents per share on revenue of $686.3 million.
Urban Outfitters is a Philadelphia-based lifestyle specialty retail company, operating under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands known for a range of eclectic merchandise.
The company sells women's and men's fashion apparel, footwear and accessories as well as a mix of apartment wares and gifts.
Insight from TheStreet's Research Team:
Jim Cramer commented on Urban Outfitters in a recent post on RealMoney.com. Here is what Cramer had to say about the stock:
I have been describing the sea change going on as a belief that the dollar has topped and oil has bottomed. I am trying, frantically, to figure out how against-the-grain the sea change really is right now. Think about it. When you see high-quality domestic stocks that were viewed as safe, lower-gasoline, strong-dollar plays, getting hit pretty much by the day, you have to wonder how far along the sea change already is.
Here are some examples of domestic companies that reported really fabulous quarters but are already well off their highs: Costco (COST), $145 down from $154; Urban Outfitters (URBN), $40 from $47; Jack in the Box (JACK), $87 from $99; DineEquity(DIN) $95 from $114 (IHOP and Applebee's); Kroger (KR), $70 from $77; Nordstrom(JWN), $76 from $83.
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Separately, TheStreet Ratings team rates URBAN OUTFITTERS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate URBAN OUTFITTERS INC (URBN) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: URBN Ratings Report