Urban Outfitters, Inc. (URBN) Shares Plunge on Q3 Earnings Results

Currently Urban Outfitters, Inc.

Net profits were $47.3 million (40 cents a share), down from $52.0 million (42 cents a share) in 2015's third quarter. Revenue rose 5% to $862.5 million from a year ago, but was below Wall Street's estimates of $869.2 million.

Urban Outfitters Inc. (NASDAQ:URBN) shares now have a mean rating of 2.30 while 3 analysts have recommended the shares as "BUY", 9 commented as "OUTPERFORM" and 21 commented as "HOLD". The stock had a trading capacity of 1.87M shares. URBN stock has a market capitalization of $4.73 Billion.

Urban Outfitters, Inc. said that its gross profits for the third quarter of 2016 were down 15 basis points when compared to the same time previous year.

Price to sales ratio was lasted at 3.08 and its price to book was noted at 2.46.

Urban Outfitters has been adding restaurants and hair salons to its stores, in an effort to attract online shoppers.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum.

Ford Motor Co. now has mean rating of 2.70 while 7 analysts have commented the shares as "BUY", 1 recommended as "OUTPERFORM" and 12 commented as "HOLD". The weekly volatility of EQBK is 5.90% and monthly volatility is 4.13%.

Along with these its year to date performance is standing at 71.47%. "22" said the company as a "Hold".

The analyst is particularly troubled by the company's big expenses, which drag down profits, even as revenue improves. The mean price target for the equity is at $12.72 while the highest price target suggested by the brokerage firms is $17.00 and low price target is $10.00. The stock traded in the range of $103.75 and $105.50 in its past trading session. According to their observations and findings, the stock could provide a high EPS of $0.79/share and a Low EPS of $0.61/share.

First Solar (FSLR) and Urban Outfitters (URBN) were downgraded Wednesday, while Hewlett Packard Enterprise (HPE) and Veeva Systems (VEEV) had their price targets raised after reporting earnings late Tuesday. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The company believes it will see improvement in customer reaction to Anthropologie's apparel offerings in the spring and summer of 2017. "The stock has been suggested as "Buy" from "10" Analysts". Five Below, Inc. consensus analyst price target has now moved to $49.07.

Latest News