Urban Outfitters, Inc. (NASDAQ:URBN) announced its earnings results on Tuesday, May 16th. The apparel retailer reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03, Briefing.com reports. The business had revenue of $761.20 million for the quarter, compared to analysts’ expectations of $768.95 million. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.88%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 0.50% on Friday, reaching $18.09. The company had a trading volume of 4,449,163 shares. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.56 and a beta of 0.63. The stock has a 50 day moving average price of $20.13 and a 200-day moving average price of $24.95. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $40.80.
URBN has been the topic of a number of research reports. Jefferies Group LLC set a $35.00 price objective on Urban Outfitters and gave the company a “buy” rating in a report on Monday, April 10th. Wolfe Research lowered Urban Outfitters from an “outperform” rating to a “peer perform” rating in a report on Tuesday, May 9th. KeyCorp raised Urban Outfitters from a “sector weight” rating to an “overweight” rating and set a $28.00 target price for the company in a research note on Tuesday, March 21st. Credit Suisse Group reaffirmed a “hold” rating and issued a $28.00 target price on shares of Urban Outfitters in a research note on Sunday, March 12th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $26.00 target price on shares of Urban Outfitters in a research note on Tuesday, March 21st. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. Urban Outfitters has an average rating of “Hold” and an average price target of $26.22.
Institutional investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky boosted its position in shares of Urban Outfitters by 71.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 19,400 shares of the apparel retailer’s stock valued at $461,000 after buying an additional 8,100 shares during the period. Achmea Investment Management B.V. purchased a new position in shares of Urban Outfitters during the first quarter valued at about $730,000. Bank of Nova Scotia purchased a new position in shares of Urban Outfitters during the first quarter valued at about $251,000. Gareth Morgan Investments Limited Partnership boosted its position in shares of Urban Outfitters by 25.2% in the first quarter. Gareth Morgan Investments Limited Partnership now owns 99,325 shares of the apparel retailer’s stock valued at $2,360,000 after buying an additional 20,009 shares during the period. Finally, Tudor Investment Corp ET AL boosted its position in shares of Urban Outfitters by 30.5% in the first quarter. Tudor Investment Corp ET AL now owns 15,400 shares of the apparel retailer’s stock valued at $366,000 after buying an additional 3,600 shares during the period. Institutional investors own 83.14% of the company’s stock.
Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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