Urban Outfitters (URBN) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Urban Outfitters (NASDAQ: URBN) announced its earnings results on Monday. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.01. The company had revenue of $857.00 million for the quarter, compared to the consensus estimate of $848.20 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis.
A number of analysts have recently weighed in on URBN shares. Analysts at RBC Capital reiterated an “outperform” rating on shares of Urban Outfitters in a research note to investors on Friday. They now have a $46.00 price target on the stock. On a related note, analysts at Credit Agricole reiterated a “buy” rating on shares of Urban Outfitters in a research note to investors on Monday, March 4th. They now have a $52.00 price target on the stock. Finally, analysts at BMO Capital Markets downgraded shares of Urban Outfitters from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, February 15th. They now have a $45.00 price target on the stock.
Thirteen research analysts have rated the stock with a buy rating, and sixteen have given a hold rating to the stock. Urban Outfitters currently has a consensus rating of “overweight” and a consensus price target of $45.83.
Shares of Urban Outfitters (URBN) traded up 0.46% during mid-day trading on Monday, hitting $41.50. Urban Outfitters (URBN) has a 52 week low of $25.43 and a 52 week high of $44.15. The stock’s 50-day moving average is currently $41.80. The company has a market cap of $6.055 billion and a P/E ratio of 30.85.
Urban Outfitters, Inc. (Urban Outfitters) is a lifestyle specialty retail company, which operates under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands.
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