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

Urban Outfitters (NASDAQ:URBN) issued 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. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company posted $0.88 earnings per share. Urban Outfitters’s quarterly revenue was up 6.3% compared to the same quarter last year.

Urban Outfitters Stock Up 18.3 %

Shares of NASDAQ URBN opened at $47.49 on Thursday. The company has a market cap of $4.38 billion, a P/E ratio of 14.52, a P/E/G ratio of 0.95 and a beta of 1.50. Urban Outfitters has a 52 week low of $33.17 and a 52 week high of $48.90. The business has a 50-day simple moving average of $37.24 and a two-hundred day simple moving average of $40.06.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on URBN shares. Bank of America boosted their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird lifted their price target on shares of Urban Outfitters from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley upped their price objective on Urban Outfitters from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday. Barclays raised their target price on Urban Outfitters from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Citigroup raised Urban Outfitters from a “neutral” rating to a “buy” rating and upped their price target for the company from $42.00 to $59.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.27.

Insider Activity

In other Urban Outfitters news, CEO Tricia D. Smith sold 11,730 shares of the firm’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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 31.80% of the company’s stock.

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.