Urban Outfitters (NASDAQ:URBN) Issues Earnings Results

Urban Outfitters (NASDAQ:URBN - Get Free Report) issued its earnings results on Tuesday. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.20, Briefing.com reports. Urban Outfitters had a return on equity of 15.32% and a net margin of 5.58%. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same period in the previous year, the firm posted $0.56 EPS. The company's quarterly revenue was up 8.1% on a year-over-year basis.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded down $0.14 during mid-day trading on Tuesday, reaching $41.32. 3,476,298 shares of the company traded hands, compared to its average volume of 1,695,094. The company's fifty day moving average is $40.84 and its two-hundred day moving average is $39.26. Urban Outfitters has a fifty-two week low of $26.45 and a fifty-two week high of $47.29. The stock has a market cap of $3.85 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.65 and a beta of 1.55.

Wall Street Analysts Forecast Growth

Several research analysts have commented on URBN shares. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $44.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, February 28th. BMO Capital Markets boosted their target price on shares of Urban Outfitters from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Thursday, February 29th. Jefferies Financial Group cut Urban Outfitters from a "hold" rating to an "underperform" rating and decreased their target price for the stock from $42.00 to $32.00 in a research report on Wednesday, April 17th. UBS Group upped their price target on Urban Outfitters from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Thursday, May 16th. Finally, StockNews.com lowered shares of Urban Outfitters from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $39.75.

Insider Buying and Selling

In other news, CEO Tricia D. Smith sold 6,250 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $40.74, for a total value of $254,625.00. Following the completion of the sale, the chief executive officer now directly owns 6,353 shares in the company, valued at $258,821.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Melanie Marein-Efron sold 3,345 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total value of $141,259.35. Following the completion of the sale, the chief financial officer now owns 6,908 shares in the company, valued at $291,724.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tricia D. Smith sold 6,250 shares of Urban Outfitters stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $40.74, for a total value of $254,625.00. Following the sale, the chief executive officer now directly owns 6,353 shares in the company, valued at $258,821.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,473 shares of company stock worth $757,483. 31.80% of the stock is currently owned by insiders.

About Urban Outfitters

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.