Urban Outfitters (NASDAQ:URBN) Announces Quarterly Earnings Results

Urban Outfitters (NASDAQ:URBN) posted its earnings results on Wednesday. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.15, Zacks reports. Urban Outfitters had a net margin of 6.11% and a return on equity of 15.86%.

Urban Outfitters Trading Up 0.6 %

Shares of URBN stock traded up $0.29 during trading hours on Wednesday, reaching $52.92. 2,941,628 shares of the stock were exchanged, compared to its average volume of 1,802,431. The company’s 50-day moving average price is $55.78 and its 200-day moving average price is $45.28. Urban Outfitters has a 12-month low of $33.86 and a 12-month high of $60.90. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54.

Insider Transactions at Urban Outfitters

In other news, Director Harry S. Cherken, Jr. sold 55,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $57.31, for a total transaction of $3,152,050.00. Following the completion of the sale, the director now owns 510,296 shares of the company’s stock, valued at $29,245,063.76. This represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 31.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on URBN shares. Robert W. Baird increased their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $59.00 in a research report on Wednesday, November 27th. Morgan Stanley raised Urban Outfitters from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $41.00 to $63.00 in a report on Tuesday, January 21st. Barclays lifted their target price on shares of Urban Outfitters from $51.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, UBS Group boosted their target price on shares of Urban Outfitters from $45.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $53.64.

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.