Urban Outfitters, Inc. (NASDAQ:URBN) shares gapped down before the market opened on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $31.04, but opened at $30.16. Urban Outfitters shares last traded at $28.79, with a volume of 8,285,600 shares changing hands.
The apparel retailer reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Urban Outfitters had a net margin of 6.54% and a return on equity of 18.10%. The firm had revenue of $987.47 million during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the business earned $0.70 EPS. The business’s revenue was up 1.4% on a year-over-year basis.
URBN has been the subject of several recent analyst reports. Wells Fargo & Co upgraded shares of Urban Outfitters from a “market perform” rating to an “outperform” rating and raised their target price for the company from $25.00 to $30.00 in a research note on Monday, September 30th. Deutsche Bank lowered their price target on Urban Outfitters from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Friday, August 16th. Jefferies Financial Group dropped their price objective on Urban Outfitters from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday. MKM Partners cut their price objective on Urban Outfitters to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, August 21st. Finally, William Blair reaffirmed a “hold” rating on shares of Urban Outfitters in a research report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $29.72.
The company has a quick ratio of 0.89, a current ratio of 1.60 and a debt-to-equity ratio of 0.80. The company’s 50 day moving average is $28.72 and its 200 day moving average is $25.12. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 1.32 and a beta of 0.77.
Urban Outfitters Company Profile (NASDAQ:URBN)
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and wholesale. 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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