Urban Outfitters (NASDAQ:URBN) issued its quarterly earnings results on Tuesday. The apparel retailer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05, RTT News reports. Urban Outfitters had a return on equity of 21.03% and a net margin of 7.54%. The business had revenue of $864.41 million for the quarter, compared to the consensus estimate of $857.31 million. During the same quarter in the previous year, the company posted $0.38 earnings per share.

Shares of URBN stock traded down $2.45 during trading hours on Wednesday, hitting $24.55. The company had a trading volume of 332,691 shares, compared to its average volume of 2,784,602. Urban Outfitters has a 12 month low of $25.96 and a 12 month high of $52.50. The firm has a market cap of $2.77 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.93 and a beta of 0.53.

A number of research analysts have recently weighed in on URBN shares. BidaskClub downgraded Urban Outfitters from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. ValuEngine downgraded Urban Outfitters from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 24th. Deutsche Bank set a $33.00 price target on Urban Outfitters and gave the company a “hold” rating in a report on Friday, February 8th. Royal Bank of Canada lowered their target price on Urban Outfitters from $35.00 to $29.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th. Finally, Wedbush restated an “average” rating and issued a $28.00 target price (down previously from $35.00) on shares of Urban Outfitters in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.79.

In other news, CEO Trish Donnelly sold 9,144 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $34.00, for a total value of $310,896.00. Following the sale, the chief executive officer now directly owns 10,295 shares in the company, valued at approximately $350,030. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Calvin Hollinger sold 23,813 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $29.13, for a total value of $693,672.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,200 shares of company stock worth $3,237,851. Corporate insiders own 24.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. grew its position in Urban Outfitters by 31.3% during the 4th quarter. Macquarie Group Ltd. now owns 67,129 shares of the apparel retailer’s stock worth $2,229,000 after acquiring an additional 16,000 shares during the last quarter. Stifel Financial Corp lifted its holdings in Urban Outfitters by 73.1% during the 4th quarter. Stifel Financial Corp now owns 36,306 shares of the apparel retailer’s stock worth $1,206,000 after buying an additional 15,327 shares in the last quarter. Empowered Funds LLC lifted its holdings in Urban Outfitters by 72.6% during the 4th quarter. Empowered Funds LLC now owns 63,107 shares of the apparel retailer’s stock worth $2,095,000 after buying an additional 26,544 shares in the last quarter. Morgan Stanley lifted its holdings in Urban Outfitters by 36.3% during the 3rd quarter. Morgan Stanley now owns 439,308 shares of the apparel retailer’s stock worth $17,967,000 after buying an additional 117,075 shares in the last quarter. Finally, Comerica Bank lifted its holdings in Urban Outfitters by 1.3% during the 4th quarter. Comerica Bank now owns 49,939 shares of the apparel retailer’s stock worth $1,600,000 after buying an additional 653 shares in the last quarter. Institutional investors own 75.45% of the company’s stock.

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Urban Outfitters Company Profile

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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Earnings History for Urban Outfitters (NASDAQ:URBN)

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