Urban Outfitters (NASDAQ:URBN) Issues Earnings Results

Urban Outfitters (NASDAQ:URBN) released its quarterly earnings data 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 the consensus estimate 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 was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share.

Urban Outfitters Trading Down 0.8 %

NASDAQ URBN opened at $40.14 on Wednesday. The stock’s 50-day moving average price is $37.18 and its two-hundred day moving average price is $40.06. The company has a market cap of $3.70 billion, a PE ratio of 12.28, a PEG ratio of 0.95 and a beta of 1.50. Urban Outfitters has a 1 year low of $32.02 and a 1 year high of $48.90.

Analyst Ratings Changes

Several equities analysts have recently issued reports on URBN shares. Wells Fargo & Company reduced their price target on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Barclays reduced their price target on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. Morgan Stanley reduced their price target on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Bank of America reduced their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, Jefferies Financial Group reduced their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.27.

Insiders Place Their Bets

In other news, CEO Tricia D. Smith sold 11,730 shares of the company’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 sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.