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

Urban Outfitters (NASDAQ:URBNGet Rating) issued its earnings results on Monday. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01), MarketWatch Earnings reports. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Urban Outfitters had a return on equity of 9.86% and a net margin of 3.57%. Urban Outfitters’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share.

Urban Outfitters Price Performance

NASDAQ URBN opened at $27.80 on Wednesday. The business’s fifty day moving average is $22.87 and its 200-day moving average is $21.66. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 0.84 and a beta of 1.37. Urban Outfitters has a one year low of $17.81 and a one year high of $34.06.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Urban Outfitters from $20.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday. BMO Capital Markets lifted their price target on Urban Outfitters from $19.00 to $24.00 and gave the company a “market perform” rating in a research note on Tuesday. Citigroup boosted their price objective on Urban Outfitters from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. TheStreet upgraded Urban Outfitters from a “c” rating to a “b-” rating in a report on Monday, November 14th. Finally, Barclays upped their price target on Urban Outfitters from $19.00 to $26.00 in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.75.

Insider Activity at Urban Outfitters

In other news, insider Azeez Hayne sold 4,095 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $25.02, for a total transaction of $102,456.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Azeez Hayne sold 4,095 shares of Urban Outfitters stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $25.02, for a total value of $102,456.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Frank Conforti sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the chief operating officer now owns 25,960 shares in the company, valued at $649,000. The disclosure for this sale can be found here. 28.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Urban Outfitters

Several hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its position in shares of Urban Outfitters by 148.5% in the second quarter. Captrust Financial Advisors now owns 1,533 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 916 shares during the period. Virtu Financial LLC purchased a new position in shares of Urban Outfitters during the 1st quarter valued at $202,000. Public Employees Retirement System of Ohio increased its holdings in shares of Urban Outfitters by 5.9% in the third quarter. Public Employees Retirement System of Ohio now owns 9,767 shares of the apparel retailer’s stock worth $192,000 after purchasing an additional 545 shares during the period. Woodline Partners LP purchased a new stake in shares of Urban Outfitters in the first quarter worth $246,000. Finally, Natixis Advisors L.P. bought a new stake in Urban Outfitters during the first quarter valued at $254,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

About Urban Outfitters

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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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