Urban Outfitters (NASDAQ:URBN – Get Free Report) issued its quarterly earnings results on Tuesday. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20, Briefing.com reports. Urban Outfitters had a net margin of 5.66% and a return on equity of 15.59%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business posted $0.56 EPS. Urban Outfitters’s revenue for the quarter was up 8.1% compared to the same quarter last year.
Urban Outfitters Stock Down 4.6 %
URBN opened at $39.42 on Thursday. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.94 and a beta of 1.55. Urban Outfitters has a 52-week low of $26.45 and a 52-week high of $47.29. The firm’s fifty day simple moving average is $40.79 and its two-hundred day simple moving average is $39.26.
Insider Buying and Selling at Urban Outfitters
In other Urban Outfitters news, insider Azeez Hayne sold 2,878 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $40.75, for a total transaction of $117,278.50. Following the transaction, the insider now directly owns 2,878 shares of the company’s stock, valued at $117,278.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Melanie Marein-Efron sold 3,345 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $42.23, for a total value of $141,259.35. Following the transaction, the chief financial officer now directly owns 6,908 shares of the company’s stock, valued at $291,724.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Azeez Hayne sold 2,878 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $40.75, for a total transaction of $117,278.50. Following the completion of the transaction, the insider now directly owns 2,878 shares in the company, valued at $117,278.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,473 shares of company stock valued at $757,483 over the last ninety days. Corporate insiders own 31.80% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Urban Outfitters
Urban Outfitters Company Profile
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. 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 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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