Urban Outfitters (URBN) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Urban Outfitters (NASDAQ:URBN) issued its quarterly earnings data on Monday. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.01, AnalystRatingsNetwork.com reports. The company had revenue of $686.30 million for the quarter, compared to the consensus estimate of $680.61 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis.
URBN has been the subject of a number of recent research reports. Analysts at Brean Capital reiterated a “buy” rating on shares of Urban Outfitters in a research note on Thursday. They now have a $43.00 price target on the stock. On a related note, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Urban Outfitters in a research note on Thursday. They now have a $41.00 price target on the stock. Finally, analysts at FBR Capital Markets downgraded shares of Urban Outfitters from an “outperform” rating to a “market perform” rating in a research note on Thursday. They now have a $37.00 price target on the stock, down previously from $44.00. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Urban Outfitters currently has a consensus rating of “Buy” and a consensus price target of $43.96.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 0.11% during mid-day trading on Monday, hitting $36.17. 4,138,282 shares of the company’s stock traded hands. Urban Outfitters has a one year low of $33.95 and a one year high of $44.96. The stock has a 50-day moving average of $36.30 and a 200-day moving average of $36.86. The company has a market cap of $5.229 billion and a P/E ratio of 19.16.
Urban Outfitters, Inc (NASDAQ:URBN) is a lifestyle specialty retail company, which operates under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands.
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