Urban Outfitters (NASDAQ:URBN) Releases Earnings Results, Beats Expectations By $0.15 EPS

Urban Outfitters (NASDAQ:URBN) released its quarterly earnings results on Wednesday. The apparel retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.89 by $0.15, Zacks reports. Urban Outfitters had a return on equity of 15.86% and a net margin of 6.11%.

Urban Outfitters Stock Performance

Shares of Urban Outfitters stock traded up $0.29 during mid-day trading on Wednesday, hitting $52.92. 2,941,628 shares of the stock were exchanged, compared to its average volume of 1,802,431. The company has a market capitalization of $4.88 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.02 and a beta of 1.54. The company has a 50-day simple moving average of $55.78 and a 200 day simple moving average of $45.28. Urban Outfitters has a 12 month low of $33.86 and a 12 month high of $60.90.

Insider Activity at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the director now owns 495,296 shares of the company’s stock, valued at $25,012,448. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on URBN. Wells Fargo & Company lifted their target price on Urban Outfitters from $48.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Barclays boosted their target price on shares of Urban Outfitters from $51.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley upgraded shares of Urban Outfitters from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $41.00 to $63.00 in a research note on Tuesday, January 21st. Citigroup upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating and upped their target price for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Finally, UBS Group increased their price objective on shares of Urban Outfitters from $45.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.64.

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.