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.