Urban Outfitters (NASDAQ:URBN) Announces Earnings Results

Urban Outfitters (NASDAQ:URBN – Get Free Report ) released its quarterly earnings results on Wednesday. The apparel retailer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.26, Briefing.com reports. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Urban Outfitters had a return on equity of 15.36% and a net margin of 5.66%. Urban Outfitters’s quarterly revenue was up 6.3% on a year-over-year basis. In the same period last year, the firm earned $1.10 per share.

Urban Outfitters trading rose 3.1%

Shares of URBN stock opened at $41.48 on Thursday. Urban Outfitters has a twelve month low of $30.05 and a twelve month high of $48.90. The stock’s 50-day moving average is $43.59, and its two-hundred-day moving average is $42.19. The firm has a market cap of $3.87 billion, a PE ratio of 13.25, a P/E/G ratio of 1.00 and a beta of 1.51.

Buy and sell inside at Urban Outfitters

In other Urban Outfitters news, Director Harry S. Cherken, Jr. sold 5,000 shares of Urban Outfitters stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. Following the sale, the director now owns 565,296 shares of the company’s stock, valued at approximately $27,303,796.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In related news, Director Harry S. Cherken, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. Following the sale, the director now owns 565,296 shares in the company, valued at approximately $27,303,796.80. The transaction was disclosed in a legal filing with the SEC, which is accessible via this hyperlink. Also, insider Azeez Hayne sold 13,967 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $41.78, for a total value of $583,541.26. The disclosure for this sale can be found here. 31.80% of shares are owned by corporate insiders.

Changes in Analyst Ratings

Several equities analysts have issued reports on URBN shares. Telsey Advisory Group cut Urban Outfitters from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $49.00 to $44.00 in a report on Thursday. Bank of America dropped their price objective on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group raised their price objective on Urban Outfitters from $43.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. BMO Capital Markets cut their price target on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating on the stock in a report on Thursday. Finally, Barclays raised their target price on Urban Outfitters from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Urban Outfitters currently has an average rating of “Hold” and a consensus price target of $42.90, according to MarketBeat.com.

Check out the latest Urban Outfitters stock report

About Urban Outfitters

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Urban Outfitters, Inc. engages in the retail and wholesale of consumer products. The company operates through three segments: Retail, Wholesale and Nuuly. Offers Urban Outfitters stores that offer women’s and men’s fashion, activewear, intimates, footwear, accessories, home goods, electronics and beauty products for young adults ages 18-28; 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 ages 28-45.

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