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

Urban Outfitters (NASDAQ:URBN) released its earnings results on Tuesday. The apparel retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.28, Briefing.com reports. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis.

Urban Outfitters Trading Down 0.8 %

Shares of NASDAQ:URBN opened at $40.14 on Wednesday. The company has a fifty day simple moving average of $37.18 and a 200 day simple moving average of $40.06. The firm has a market cap of $3.70 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50. Urban Outfitters has a 12-month low of $32.02 and a 12-month high of $48.90.

Insider Buying and Selling

In related news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 31.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on URBN shares. Barclays reduced their price target on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $44.00 price target on shares of Urban Outfitters in a research report on Wednesday, November 20th. BMO Capital Markets reduced their price target on shares of Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, August 22nd. Citigroup lifted their price target on shares of Urban Outfitters from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company reduced their price target on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.27.

About Urban Outfitters

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.