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

Urban Outfitters (NASDAQ:URBN) issued its quarterly earnings data 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 firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business posted $0.88 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock traded down $0.32 on Tuesday, hitting $40.14. The stock had a trading volume of 3,952,612 shares, compared to its average volume of 1,679,585. The stock has a 50 day moving average of $37.18 and a 200 day moving average of $40.06. The firm has a market capitalization of $3.70 billion, a P/E ratio of 12.28, a PEG ratio of 0.92 and a beta of 1.50. Urban Outfitters has a twelve month low of $32.02 and a twelve month high of $48.90.

Insiders Place Their Bets

In related news, CEO Tricia D. Smith sold 11,730 shares of Urban Outfitters stock in a transaction that occurred on 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 document filed with the SEC, which can be accessed through this link. Insiders own 31.80% of the company’s stock.

Wall Street Analyst Weigh In

URBN has been the topic of a number of analyst reports. Barclays reduced their price target on 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 issued a $44.00 price target on shares of Urban Outfitters in a research note on Wednesday, November 20th. Citigroup increased their price objective on shares of Urban Outfitters from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Jefferies Financial Group dropped their target price on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Thursday, August 22nd. Finally, Bank of America reduced their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Urban Outfitters has a consensus 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.