Urban Outfitters (NASDAQ:URBN) Announces Earnings Results, Beats Expectations By $0.35 EPS

Urban Outfitters (NASDAQ:URBN) issued its quarterly earnings data on Wednesday. The apparel retailer reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.35, Zacks reports. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%. Urban Outfitters’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Urban Outfitters Price Performance

Shares of NASDAQ:URBN opened at $73.21 on Friday. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.02 and a beta of 1.33. The business’s 50-day moving average is $52.36 and its 200-day moving average is $52.01. Urban Outfitters has a 1 year low of $33.86 and a 1 year high of $73.68.

Insider Activity

In other news, CEO Tricia D. Smith sold 10,000 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $53.94, for a total value of $539,400.00. Following the transaction, the chief executive officer now directly owns 12,601 shares of the company’s stock, valued at $679,697.94. The trade was a 44.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Wesley S. Mcdonald sold 8,300 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $58.44, for a total value of $485,052.00. Following the completion of the transaction, the director now directly owns 15,450 shares in the company, valued at $902,898. This represents a 34.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,976 shares of company stock valued at $1,663,713 in the last ninety days. 31.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Urban Outfitters stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Urban Outfitters, Inc. (NASDAQ:URBN) by 4.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,728 shares of the apparel retailer’s stock after acquiring an additional 1,653 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Urban Outfitters were worth $1,977,000 as of its most recent SEC filing. 77.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on URBN. Wall Street Zen upgraded Urban Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS Group lifted their target price on Urban Outfitters from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Morgan Stanley lifted their target price on Urban Outfitters from $62.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday. Glj Research reaffirmed a “sell” rating on shares of Urban Outfitters in a report on Thursday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $72.00 target price (up from $59.00) on shares of Urban Outfitters in a report on Thursday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $67.45.

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.