Urban Outfitters (NASDAQ:URBN) Posts Quarterly 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 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.28, Briefing.com reports. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS.

Urban Outfitters Price Performance

Shares of URBN traded down $0.32 during trading hours on Tuesday, reaching $40.14. 3,903,867 shares of the company’s stock traded hands, compared to its average volume of 1,673,486. The business’s fifty day simple moving average is $37.18 and its two-hundred day simple moving average is $40.06. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 0.92 and a beta of 1.50. Urban Outfitters has a twelve month low of $32.02 and a twelve month high of $48.90.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on URBN shares. Jefferies Financial Group decreased their price target on Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd. Barclays dropped their target price on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, August 22nd. StockNews.com downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Bank of America dropped their target price on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.27.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 11,730 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 31.80% of the stock is owned by corporate 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.