Urban Outfitters (NASDAQ:URBN) Posts Earnings Results, Beats Expectations By $0.28 EPS

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

Urban Outfitters Price Performance

Shares of URBN opened at $47.49 on Friday. Urban Outfitters has a 1 year low of $33.17 and a 1 year high of $48.90. The stock’s fifty day moving average price is $37.44 and its two-hundred day moving average price is $40.11. The firm has a market cap of $4.38 billion, a PE ratio of 13.61, a PEG ratio of 1.08 and a beta of 1.50.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America upped their price objective on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group cut their target price on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. Telsey Advisory Group raised their price objective on Urban Outfitters from $44.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $59.00 in a research note on Wednesday. Finally, StockNews.com upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.27.

Insider Transactions at Urban Outfitters

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 sale was disclosed in a legal filing with the SEC, which is available through this link. 31.80% of the stock is owned by corporate insiders.

About Urban Outfitters

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.