Urban Outfitters (NASDAQ:URBN) Posts Earnings Results, Beats Estimates By $0.15 EPS

Urban Outfitters (NASDAQ:URBN) announced its quarterly earnings results on Wednesday. The apparel retailer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.15, Zacks reports. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion.

Urban Outfitters Stock Up 7.7 %

Shares of NASDAQ:URBN opened at $56.98 on Thursday. The company’s fifty day moving average is $55.78 and its 200 day moving average is $45.34. Urban Outfitters has a 52 week low of $33.86 and a 52 week high of $60.90. The stock has a market cap of $5.26 billion, a PE ratio of 15.92, a PEG ratio of 1.02 and a beta of 1.54.

Insider Activity

In other news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now owns 495,296 shares in the company, valued at approximately $25,012,448. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 31.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on URBN. Citigroup raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $59.00 in a report on Wednesday, November 27th. Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. StockNews.com lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Telsey Advisory Group increased their price objective on Urban Outfitters from $56.00 to $59.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, UBS Group boosted their target price on 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 assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Urban Outfitters has a consensus rating of “Hold” and a consensus target price of $55.55.

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.