Urban Outfitters, Inc. (NASDAQ:URBN) released its quarterly earnings data on Tuesday. The apparel retailer reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07, Briefing.com reports. The company had revenue of $873 million for the quarter, compared to the consensus estimate of $860.80 million. Urban Outfitters had a return on equity of 15.88% and a net margin of 5.66%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS.
Shares of Urban Outfitters (URBN) traded down 5.13% during mid-day trading on Tuesday, hitting $16.82. The company had a trading volume of 12,470,919 shares. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $40.80. The firm’s 50 day moving average is $18.44 and its 200-day moving average is $21.65. The firm has a market cap of $1.95 billion, a PE ratio of 9.82 and a beta of 0.66. Urban Outfitters also saw some unusual options trading on Monday. Stock traders acquired 32,160 put options on the stock. This represents an increase of 763% compared to the typical daily volume of 3,727 put options.
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A number of research firms have recently commented on URBN. UBS AG restated a “neutral” rating and issued a $21.00 price objective (down from $25.00) on shares of Urban Outfitters in a report on Wednesday, May 17th. BMO Capital Markets set a $20.00 price objective on Urban Outfitters and gave the stock a “hold” rating in a report on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating and issued a $23.00 price objective on shares of Urban Outfitters in a report on Friday, June 9th. Robert W. Baird restated an “outperform” rating and issued a $25.00 price objective (down from $28.00) on shares of Urban Outfitters in a report on Wednesday, May 17th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $18.00 price objective (down from $19.00) on shares of Urban Outfitters in a report on Friday. Four 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. The stock presently has an average rating of “Hold” and a consensus target price of $25.00.
About Urban Outfitters
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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