Urban Outfitters (NASDAQ:URBN) Releases Earnings Results, Beats Expectations By $0.20 EPS

Urban Outfitters (NASDAQ:URBN – Get Rating) announced its quarterly earnings data on Tuesday. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.20, Briefing.com reports. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Urban Outfitters had a return on equity of 10.61% and a net margin of 3.73%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share.

Urban Outfitters Trading Up 17.6 %

URBN stock opened at $31.35 on Thursday. The company has a market capitalization of $2.90 billion, a P/E ratio of 16.16, a PEG ratio of 0.60 and a beta of 1.50. The business has a 50 day simple moving average of $27.05 and a 200-day simple moving average of $26.82. Urban Outfitters has a twelve month low of $17.81 and a twelve month high of $32.46.

Insider Activity

In related news, insider Azeez Hayne sold 16,116 shares of the company’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $26.25, for a total value of $423,045.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Azeez Hayne sold 16,116 shares of the business’s stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $26.25, for a total value of $423,045.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Frank Conforti sold 42,000 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $27.28, for a total value of $1,145,760.00. Following the sale, the chief operating officer now owns 2,361 shares of the company’s stock, valued at approximately $64,408.08. The disclosure for this sale can be found here. Insiders have sold 67,189 shares of company stock valued at $1,813,413 in the last ninety days. 31.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Urban Outfitters by 10.2% during the 1st quarter. JPMorgan Chase & Co. now owns 334,511 shares of the apparel retailer’s stock worth $8,400,000 after purchasing an additional 30,879 shares during the period. PNC Financial Services Group Inc. raised its position in Urban Outfitters by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 19,483 shares of the apparel retailer’s stock worth $490,000 after acquiring an additional 625 shares in the last quarter. Natixis Advisors L.P. purchased a new position in Urban Outfitters in the first quarter worth $254,000. MetLife Investment Management LLC lifted its holdings in Urban Outfitters by 40.6% in the first quarter. MetLife Investment Management LLC now owns 78,323 shares of the apparel retailer’s stock valued at $1,967,000 after acquiring an additional 22,600 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Urban Outfitters by 3.2% during the 1st quarter. Rhumbline Advisers now owns 192,880 shares of the apparel retailer’s stock worth $4,843,000 after purchasing an additional 5,917 shares in the last quarter. 77.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on URBN shares. UBS Group cut shares of Urban Outfitters from a “neutral” rating to a “sell” rating in a report on Wednesday, March 29th. Morgan Stanley increased their target price on Urban Outfitters from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, February 15th. BMO Capital Markets raised their price target on Urban Outfitters from $25.00 to $31.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on Urban Outfitters from $26.00 to $29.00 in a research report on Wednesday. Finally, Robert W. Baird raised their target price on Urban Outfitters from $30.00 to $32.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.33.

About Urban Outfitters

(Get Rating)

Urban Outfitters, Inc engages in the operation of a general consumer product retail and wholesale business selling to customers through various channels including retail locations, websites, catalogs, and mobile applications. It operates through the following segments: Retail, Wholesale and Subscription.