Urban Outfitters (NASDAQ:URBN) Releases Earnings Results, Beats Estimates By $0.25 EPS

Urban Outfitters (NASDAQ:URBN) issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.25, Briefing.com reports. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 earnings per share.

Urban Outfitters Price Performance

Shares of NASDAQ URBN traded down $0.35 during trading hours on Tuesday, reaching $50.70. The stock had a trading volume of 2,226,212 shares, compared to its average volume of 1,722,111. Urban Outfitters has a twelve month low of $33.86 and a twelve month high of $51.49. The business’s fifty day moving average is $38.15 and its two-hundred day moving average is $40.25. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.09 and a beta of 1.60.

Insiders Place Their Bets

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $35.29, for a total value of $413,951.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 31.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on URBN. Barclays lifted their price target on Urban Outfitters from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Robert W. Baird raised their price objective on Urban Outfitters from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price target on Urban Outfitters from $40.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Bank of America boosted their target price on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, StockNews.com raised Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.27.

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.