Urban Outfitters (URBN) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. URBN reported $0.40 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.44. The company posted revenue of $862.00 million in the period, compared to analysts expectations of $868.96 million. URBN’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on Urban Outfitters. Urban Outfitters was Downgraded by Morgan Stanley to ” Equal-Weight” on Nov 17, 2016. Company shares were Upgraded by Wolfe Research on Sep 7, 2016 to ” Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $36 .
Urban Outfitters closed down -1.32 points or -3.40% at $37.51 with 33,37,989 shares getting traded on Monday. Post opening the session at $38.24, the shares hit an intraday low of $37.12 and an intraday high of $38.27 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 16, 2016, Azeez Hayne (General Counsel and Secretary) sold 6,260 shares at $39.95 per share price. According to the SEC, on Aug 23, 2016, Frank Conforti (Chief Financial Officer) sold 4,000 shares at $37.42 per share price. On Apr 6, 2016, Robert H Strouse (director) sold 30,000 shares at $33.92 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.