Urban Outfitters (NASDAQ:URBN) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

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

Urban Outfitters Price Performance

URBN traded down $0.13 during trading on Wednesday, reaching $27.67. 38,022 shares of the stock were exchanged, compared to its average volume of 1,951,517. The business’s 50 day moving average price is $22.87 and its two-hundred day moving average price is $21.66. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 0.84 and a beta of 1.37. Urban Outfitters has a 1 year low of $17.81 and a 1 year high of $34.06.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on URBN. UBS Group boosted their target price on Urban Outfitters to $21.00 in a research note on Monday, August 29th. Wells Fargo & Company boosted their target price on Urban Outfitters from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on Urban Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Monday, October 31st. BMO Capital Markets lifted their price target on Urban Outfitters from $19.00 to $24.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Barclays lifted their price target on Urban Outfitters from $19.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.75.

Insiders Place Their Bets

In other Urban Outfitters news, COO Frank Conforti sold 10,000 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the chief operating officer now directly owns 25,960 shares in the company, valued at $649,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Urban Outfitters news, COO Frank Conforti sold 10,000 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the chief operating officer now directly owns 25,960 shares in the company, valued at $649,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Azeez Hayne sold 4,095 shares of the company’s stock in a transaction on 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 owned by company insiders.

Institutional Trading of Urban Outfitters

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Shapiro Capital Management LLC increased its stake 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. increased its stake in Urban Outfitters by 62.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 986,014 shares of the apparel retailer’s stock valued at $24,759,000 after purchasing an additional 380,216 shares during the last quarter. Vanguard Group Inc. increased its stake in Urban Outfitters by 6.0% in the third quarter. Vanguard Group Inc. now owns 6,641,142 shares of the apparel retailer’s stock valued at $130,499,000 after purchasing an additional 376,130 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Urban Outfitters by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,037,357 shares of the apparel retailer’s stock valued at $101,382,000 after purchasing an additional 318,211 shares during the last quarter. Finally, State Street Corp increased its stake in Urban Outfitters by 11.7% in the second quarter. State Street Corp now owns 2,906,743 shares of the apparel retailer’s stock valued at $54,240,000 after purchasing an additional 305,356 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Urban Outfitters Company Profile

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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.

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Earnings History for Urban Outfitters (NASDAQ:URBN)

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