Urban Outfitters (URBN) reported quarterly earnings results on Tuesday, Aug-16-2016. The company said it had a profit of $0.66 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.55. The company posted revenue of $890.57 million in the period, compared to analysts expectations of $884.40 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Many Wall Street Analysts have commented on Urban Outfitters. Company shares were Reiterated by Deutsche Bank on Jul 25, 2016 to “Hold”, Firm has raised the Price Target to $ 32 from a previous price target of $28 .Shares were Reiterated by RBC Capital Mkts on Jun 10, 2016 to “Sector Perform” and Lowered the Price Target to $ 29 from a previous price target of $32 .Shares were Reiterated by Telsey Advisory Group on Jun 10, 2016 to “Market Perform” and Lowered the Price Target to $ 31 from a previous price target of $35 .
Urban Outfitters opened for trading at $31.31 and hit $31.31 on the upside on Monday, eventually ending the session at $31.24, with a gain of 1.92% or 0.59 points. The heightened volatility saw the trading volume jump to 23,54,924 shares. Company has a market cap of $3,659 M.
In a different news, on May 26, 2016, Frank Conforti (Chief Financial Officer) sold 3,300 shares at $28.23 per share price. According to the SEC, on Apr 6, 2016, Robert H Strouse (director) sold 30,000 shares at $33.92 per share price. On Apr 15, 2015, Tedford G Marlow (CEO, Urban Outfitters Group) sold 50,000 shares at $44.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Urban Outfitters Inc. (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters Anthropologie Group Free People and Terrain brands whose merchandise is sold directly to the Company’s customers through retail stores Websites mobile applications catalogs and customer contact centers. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs develops and markets young women’s contemporary casual apparel.