Urban Outfitters (NASDAQ:URBN) Posts Quarterly Earnings Results, Beats Expectations By $0.28 EPS

Urban Outfitters (NASDAQ:URBN) posted its earnings results on Tuesday. The apparel retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.28, Briefing.com reports. Urban Outfitters had a net margin of 5.83% and a return on equity of 15.49%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year.

Urban Outfitters Trading Down 0.8 %

URBN traded down $0.32 during trading on Tuesday, hitting $40.14. 3,903,867 shares of the company traded hands, compared to its average volume of 1,673,486. The stock’s 50-day simple moving average is $37.18 and its two-hundred day simple moving average is $40.06. Urban Outfitters has a 1 year low of $32.02 and a 1 year high of $48.90. The company has a market cap of $3.70 billion, a PE ratio of 12.28, a P/E/G ratio of 0.92 and a beta of 1.50.

Insider Activity

In other news, CEO Tricia D. Smith sold 11,730 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $35.29, for a total transaction of $413,951.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 31.80% of the company’s stock.

Analyst Ratings Changes

URBN has been the subject of a number of research reports. BMO Capital Markets cut their price objective on Urban Outfitters from $42.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, August 22nd. StockNews.com downgraded Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. Jefferies Financial Group decreased their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating for the company in a research note on Thursday, August 22nd. Bank of America decreased their price target on shares of Urban Outfitters from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Finally, Morgan Stanley cut their price target on Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Urban Outfitters presently has an average rating of “Hold” and an average price target of $42.27.

Urban Outfitters Company Profile

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