Urban Outfitters (NASDAQ:URBN) Announces Quarterly Earnings Results

Urban Outfitters (NASDAQ:URBN) issued its quarterly earnings results on Tuesday. The apparel retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.28, Briefing.com reports. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business earned $0.88 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis.

Urban Outfitters Price Performance

URBN stock opened at $47.49 on Friday. The business’s fifty day moving average price is $37.44 and its two-hundred day moving average price is $40.11. Urban Outfitters has a fifty-two week low of $33.17 and a fifty-two week high of $48.90. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.08 and a beta of 1.50.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research note on Thursday, August 22nd. StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $59.00 in a research note on Wednesday. Telsey Advisory Group lifted their price objective on shares of Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Robert W. Baird lifted their price target on Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Urban Outfitters presently has a consensus rating of “Hold” and an average price target of $46.27.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 11,730 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 31.80% of the stock is owned by insiders.

Urban Outfitters Company Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.