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URBN Urban Outfitters

Urban Outfitters, Inc. is a multinational lifestyle retail corporation headquartered in Philadelphia, Pennsylvania. It operates in the United States, Sweden, United Kingdom, Spain, Denmark, France, Germany, Ireland, Belgium, Canada, Italy, the Netherlands, Israel, Poland, and the United Arab Emirates. The Urban Outfitters brand targets young adults with a merchandise mix of women's and men's fashion apparel, footwear, beauty and wellness products, accessories, activewear and gear, and housewares, as well as music, primarily vinyl records and cassettes. Much of the merchandise is designed and produced by the company's wholesale division on multiple private labels. The company was founded as the retail store Free People by Richard Hayne, Judy Wicks, and Scott Belair in 1970 as a project for an entrepreneurship class at University of Pennsylvania. It was renamed to Urban Outfitters and incorporated in 1976.

Company profile

Ticker
URBN
Exchange
Website
CEO
Richard Hayne
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
232003332

URBN stock data

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Calendar

1 Apr 21
18 Apr 21
31 Jan 22
Quarter (USD)
Jan 21 Oct 20 Jul 20 Apr 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Jan 19 Jan 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 395.64M 395.64M 395.64M 395.64M 395.64M 395.64M
Cash burn (monthly) 76.44M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 199.15M n/a n/a n/a n/a n/a
Cash remaining 196.49M n/a n/a n/a n/a n/a
Runway (months of cash) 2.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Apr 21 Melanie Marein-Efron Common Shares Sell Dispose S No No 37.4316 3,962 148.3K 5,093
13 Apr 21 Frank Conforti Common Shares Sell Dispose S No No 38 18,000 684K 8,833
12 Apr 21 Margaret Hayne RSU Common Shares Grant Aquire A No No 0 25,000 0 25,000
12 Apr 21 Margaret Hayne RSU Common Shares Grant Aquire A No No 0 25,000 0 25,000
12 Apr 21 Frank Conforti RSU Common Shares Grant Aquire A No No 0 65,000 0 65,000
12 Apr 21 Frank Conforti RSU Common Shares Grant Aquire A No No 0 65,000 0 65,000
12 Apr 21 Azeez Hayne RSU Common Shares Grant Aquire A No No 0 35,000 0 35,000
12 Apr 21 Azeez Hayne RSU Common Shares Grant Aquire A No No 0 35,000 0 35,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

72.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 231 212 +9.0%
Opened positions 45 38 +18.4%
Closed positions 26 35 -25.7%
Increased positions 64 55 +16.4%
Reduced positions 82 75 +9.3%
13F shares
Current Prev Q Change
Total value 1.82B 188.37B -99.0%
Total shares 71.16M 69.2M +2.8%
Total puts 1.6M 460.4K +246.9%
Total calls 1.43M 351.8K +306.6%
Total put/call ratio 1.1 1.3 -14.7%
Largest owners
Shares Value Change
BLK Blackrock 8.32M $213.03M +1.7%
Shapiro Capital Management 6.73M $172.32M -23.9%
Vanguard 5.53M $141.53M +1.6%
FMR 5.01M $128.31M +6.8%
Massachusetts Financial Services 4.74M $121.39M +5.8%
Dimensional Fund Advisors 4.71M $120.59M -8.7%
Turtle Creek Asset Management 3.06M $78.28M -17.8%
STT State Street 2.74M $70.1M +4.1%
Samlyn Capital 1.85M $47.39M NEW
Arrowstreet Capital, Limited Partnership 1.46M $37.45M -5.9%
Largest transactions
Shares Bought/sold Change
Shapiro Capital Management 6.73M -2.12M -23.9%
Samlyn Capital 1.85M +1.85M NEW
Citadel Advisors 104.33K -1.59M -93.8%
Coatue Management 1.01M -1.24M -55.2%
BEN Franklin Resources 1.2M +1.2M NEW
Norges Bank 900.52K +900.52K NEW
Turtle Creek Asset Management 3.06M -662.75K -17.8%
Nuveen Asset Management 943.03K +611.63K +184.6%
CS Credit Suisse 648.55K +567.51K +700.3%
Wellington Management 1.02M +551.84K +118.1%

Financial report summary

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Competition
BuckleLeafLululemon AthleticaTillys
Risks
  • The Coronavirus pandemic has and will continue to materially and adversely affect our business operations globally.
  • We rely heavily on our ability to identify changes in fashion.
  • Existing and increased competition in the specialty retail, wholesale apparel and apparel subscription rental industries may reduce our net revenues, profits and market share.
  • Our business depends on effective marketing and high customer traffic.
  • We rely significantly on international sources of production.
  • Our operating results fluctuate from period to period.
  • War, terrorism, civil unrest, other violence, or public health crises may negatively impact availability of merchandise and/or otherwise adversely impact our business.
  • We may not be successful in expanding our business, executing our omni-channel strategy, opening new retail stores or extending our existing store leases.
  • We may not be successful expanding our business internationally and our ability to conduct business in international markets may be adversely affected by legal, regulatory, political, economic, and public health risks.
  • We may not be successful in introducing additional store concepts or brands.
  • We may develop new concepts through acquisitions, and we may not be successful in integrating those acquisitions.
  • We rely on information technology systems, and a material disruption or failure of such systems could adversely affect our business.
  • If we are unable to safeguard against security breaches with respect to our information technology systems, our business and our reputation may be adversely affected.
  • We depend on key personnel and may not be able to retain or replace these employees or recruit additional qualified personnel, which could adversely impact our business.
  • Increases in labor costs, including wages, could adversely impact our operational results, financial condition and results of operations.
  • Damage or disruption to our distribution or fulfillment centers could have material adverse effects on our operations.
  • We may be unable to protect our trademarks and other intellectual property rights.
  • Manufacturers and third-party vendors may not comply with our legal and social compliance program requirements, and we may be subject to risks related to environmental, social and governance activities, which could adversely affect our reputation.
  • Changes in accounting standards and subjective assumptions, estimates and judgments by management related to complex accounting matters could significantly affect our financial results or financial condition.
  • We could be subject to changes in tax rates, the adoption of new U.S. or international tax legislation, or exposure to additional tax liabilities.
Management Discussion
  • Net sales in fiscal 2021 decreased by 13.4% to $3.45 billion, from $3.98 billion in fiscal 2020. The $534.0 million decrease was attributable to a $420.7 million, or 11.5%, decrease in Retail segment net sales and a $129.6 million, or 39.7%, decrease in Wholesale segment net sales, partially offset by a $16.3 million increase in Subscription segment net sales. Retail segment net sales for fiscal 2021 accounted for 93.6% of total net sales compared to 91.6% of total net sales during fiscal 2020.
  • The decrease in our Retail segment net sales during fiscal 2021 was due to a decrease of $372.6 million, or 10.6%, in Retail segment comparable net sales and a decrease of $48.1 million in non-comparable net sales, including the net impact of store openings and closings since the prior comparable period and the impact of foreign currency translation. Retail segment comparable net sales increased 5.7% at the Free People Group and decreased 7.0% at Urban Outfitters and 18.4% at the Anthropologie Group. Retail segment comparable net sales decreased in both North America and Europe. The decrease in Retail segment comparable net sales was driven by negative comparable store net sales due to mandated store closures as a result of the COVID-19 pandemic and lower store productivity for stores since opened, partially offset by double-digit growth in the digital channel. Negative comparable store net sales resulted from a decrease in store traffic, transactions and average unit selling price, while units per transaction and conversion rate increased. The digital channel net sales increase was driven by an increase in conversion rate and sessions, while average order value and units per transaction decreased. The decrease in non-comparable net sales was primarily due to the store closures and lower store productivity as a result of the COVID-19 pandemic at the 46 new Company-owned stores opened and 22 Company-owned stores and restaurants closed since the prior comparable period.
  • The decrease in Wholesale segment net sales during fiscal 2021, as compared to fiscal 2020, was primarily due to a 40.1% decrease in sales for the Free People brand, due to most of the brand’s wholesale partners having a meaningful portion of their businesses closed during the year due to the COVID-19 pandemic and lower customer demand once reopened. The segment decrease was also due to a decrease of $10.1 million in Anthropologie Home sales due to the brand’s exit of the wholesale business in the third quarter of fiscal
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