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

Urban Outfitters (NASDAQ:URBN - Get Free Report) announced its earnings results on Wednesday. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating 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%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion.

Urban Outfitters Stock Performance

Shares of NASDAQ URBN traded up $0.94 during mid-day trading on Friday, reaching $58.19. 3,008,294 shares of the company's stock were exchanged, compared to its average volume of 1,923,395. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.02 and a beta of 1.54. Urban Outfitters has a 52-week low of $33.86 and a 52-week high of $60.90. The company's 50-day moving average is $55.91 and its 200-day moving average is $45.62.

Insider Transactions at Urban Outfitters

In related news, Director Harry S. Cherken, Jr. sold 15,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $50.50, for a total transaction of $757,500.00. Following the completion of the transaction, the director now directly owns 495,296 shares in the company, valued at $25,012,448. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 31.80% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley raised shares of Urban Outfitters from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $41.00 to $63.00 in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their price target on shares of Urban Outfitters from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday. Citigroup raised shares of Urban Outfitters from a "neutral" rating to a "buy" rating and lifted their price target for the company from $42.00 to $59.00 in a research note on Wednesday, November 27th. Bank of America lifted their price target on shares of Urban Outfitters from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group lifted their price target on shares of Urban Outfitters from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Urban Outfitters has an average rating of "Hold" and an average price target of $56.00.

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.