Urban Outfitters (NASDAQ:URBN) Issues Earnings Results, Misses Expectations By $0.01 EPS

Urban Outfitters (NASDAQ:URBNGet Rating) posted its quarterly earnings results on Monday. The apparel retailer reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01), MarketWatch Earnings reports. Urban Outfitters had a net margin of 3.57% and a return on equity of 9.86%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted $0.89 EPS. The firm’s revenue was up 4.3% on a year-over-year basis.

Urban Outfitters Stock Up 8.9 %

NASDAQ:URBN opened at $27.80 on Wednesday. The stock’s 50-day simple moving average is $22.87 and its 200 day simple moving average is $21.66. The firm has a market capitalization of $2.56 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. Urban Outfitters has a twelve month low of $17.81 and a twelve month high of $34.06.

Analysts Set New Price Targets

A number of brokerages have commented on URBN. Bank of America upped their price objective on Urban Outfitters from $25.00 to $30.00 in a report on Tuesday. UBS Group upped their price objective on Urban Outfitters to $21.00 in a report on Monday, August 29th. Robert W. Baird upped their price objective on Urban Outfitters from $23.00 to $26.00 in a report on Tuesday. TheStreet raised Urban Outfitters from a “c” rating to a “b-” rating in a report on Monday, November 14th. Finally, BMO Capital Markets upped their price objective on Urban Outfitters from $19.00 to $24.00 and gave the company a “market perform” rating in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.17.

Insider Activity at Urban Outfitters

In related news, COO Frank Conforti sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the chief operating officer now directly owns 25,960 shares of the company’s stock, valued at $649,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Frank Conforti sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the chief operating officer now directly owns 25,960 shares of the company’s stock, valued at $649,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Azeez Hayne sold 4,095 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $25.02, for a total value of $102,456.90. The disclosure for this sale can be found here. 28.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Urban Outfitters

Several large investors have recently bought and sold shares of URBN. Shapiro Capital Management LLC raised its position in Urban Outfitters by 4.6% in the first quarter. Shapiro Capital Management LLC now owns 9,472,995 shares of the apparel retailer’s stock valued at $237,867,000 after purchasing an additional 420,001 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Urban Outfitters by 62.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 986,014 shares of the apparel retailer’s stock worth $24,759,000 after acquiring an additional 380,216 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Urban Outfitters by 6.0% during the third quarter. Vanguard Group Inc. now owns 6,641,142 shares of the apparel retailer’s stock worth $130,499,000 after acquiring an additional 376,130 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Urban Outfitters by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,037,357 shares of the apparel retailer’s stock worth $101,382,000 after acquiring an additional 318,211 shares during the last quarter. Finally, State Street Corp raised its position in shares of Urban Outfitters by 11.7% during the second quarter. State Street Corp now owns 2,906,743 shares of the apparel retailer’s stock worth $54,240,000 after acquiring an additional 305,356 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

About Urban Outfitters

(Get Rating)

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nully. 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 casual apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

See Also

Earnings History for Urban Outfitters (NASDAQ:URBN)

Receive News & Ratings for Urban Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.