Urban Outfitters (URBN) Announces Quarterly Earnings Results, Hits Estimates
Urban Outfitters (NASDAQ:URBN) released its earnings data on Monday. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49, StockRatingsNetwork reports. The company had revenue of $811.00 million for the quarter, compared to the consensus estimate of $807.00 million.
Several analysts have recently commented on the stock. Analysts at Maxim Group reiterated a “hold” rating on shares of Urban Outfitters in a research note on Monday. On a related note, analysts at Wunderlich initiated coverage on shares of Urban Outfitters in a research note on Tuesday, August 12th. They set a “buy” rating and a $42.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Urban Outfitters in a research note on Wednesday, July 30th. They now have a $38.00 price target on the stock, down previously from $40.00. Eleven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $42.27.
Urban Outfitters (NASDAQ:URBN) traded up 2.34% on Monday, hitting $36.895. The stock had a trading volume of 3,037,330 shares. Urban Outfitters has a 1-year low of $32.23 and a 1-year high of $44.15. The stock has a 50-day moving average of $34.8 and a 200-day moving average of $35.36. The company has a market cap of $5.082 billion and a P/E ratio of 19.66.
Urban Outfitters, Inc (NASDAQ:URBN) is a lifestyle specialty retail company, which operates under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.