Urban Outfitters, Inc. (URBN) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Urban Outfitters, Inc. (NASDAQ:URBN) released its quarterly earnings results on Tuesday. The apparel retailer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07, Briefing.com reports. Urban Outfitters had a return on equity of 15.88% and a net margin of 5.66%. The company had revenue of $873 million for the quarter, compared to analyst estimates of $860.80 million. During the same period in the previous year, the company posted $0.66 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis.
Urban Outfitters (URBN) traded down 5.13% during trading on Tuesday, hitting $16.82. The stock had a trading volume of 12,470,919 shares. Urban Outfitters has a 52-week low of $16.19 and a 52-week high of $40.80. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 9.82 and a beta of 0.66. The firm’s 50-day moving average price is $18.44 and its 200-day moving average price is $21.65. Urban Outfitters also was the recipient of some unusual options trading on Monday. Investors acquired 32,160 put options on the stock. This represents an increase of approximately 763% compared to the average daily volume of 3,727 put options.
Several equities research analysts recently weighed in on the company. UBS AG restated a “neutral” rating and set a $21.00 price target (down from $25.00) on shares of Urban Outfitters in a research report on Wednesday, May 17th. BMO Capital Markets set a $20.00 price target on Urban Outfitters and gave the company a “hold” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reissued a “buy” rating and issued a $23.00 target price on shares of Urban Outfitters in a report on Friday, June 9th. Robert W. Baird reissued an “outperform” rating and issued a $25.00 target price (down from $28.00) on shares of Urban Outfitters in a report on Wednesday, May 17th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $18.00 target price (down from $19.00) on shares of Urban Outfitters in a report on Friday. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have issued a buy rating to the company’s stock. Urban Outfitters currently has a consensus rating of “Hold” and a consensus target price of $25.00.
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Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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