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This Urban Outfitters Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday
Benzinga· 2024-08-22 15:30
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Keybanc analyst Jackson Ader downgraded the rating for Sprout Social, Inc. SPT from Sector Weight to Underweight and announced a price target of $28. Sprout Social shares fell 0.2% to close at $33.92 on Wednesday. See how other analysts view this stock. Telsey Advisory Group analyst Dana Telsey downgraded Urban Outfitter ...
Why Urban Outfitters Stock Is Tumbling Despite Better-Than-Expected Earnings
Investopedia· 2024-08-22 15:06
Key Takeaways Urban Outfitters shares sank Thursday, a day after the retailer's second-quarter earnings surpassed analysts' consensus estimates. Executives said in Wednesday's earnings call that sales trends slowed at the end of the quarter and into early August. The president of the Urban Outfitters brand in North America added the retailer is shifting its advertising and product plans to attract younger customers. Shares of Urban Outfitters (URBN) tumbled Thursday to their lowest point since January as ma ...
Why Urban Outfitters Stock Just Crashed 10%
The Motley Fool· 2024-08-22 14:50
Weak sales at Urban Ouftitters are a concern. Debt and weak free cash flow are even more of a concern. Urban Outfitters (URBN -10.66%) stock tumbled 10% through 10:10 a.m. ET Thursday morning, despite the company beating analyst forecasts for second-quarter sales and earnings last night. Heading into the results, analysts forecast the teen retailer would earn $1 per share on sales of $1.34 billion. In fact, profits were a superb $1.24 per share, and sales edged out the consensus estimate at $1.35 billion. S ...
Options Bears Blast Tumbling Urban Outfitters Stock
Schaeffers Investment Research· 2024-08-22 14:30
Urban Outfitters Inc (NASDAQ:URBN) stock is down 12.9% at $36.13 at last glance, despite the retailer's better-than-expected second-quarter earnings and revenue, after disappointing comparable sales numbers. To follow, Telsey Advisory downgraded the stock to "market perform" from "outperform." This is notable considering the majority of analysts are already bearish, with 10 of the 12 in coverage now carrying a "neutral" rating. Today's bear gasp has Urban Outfitters stock trading at its lowest levels since ...
Urban Outfitters (URBN) Q2 Earnings Top Estimates, Retail Sales Up Y/Y
ZACKS· 2024-08-22 12:40
Urban Outfitters, Inc. (URBN) reported impressive results for second-quarter fiscal 2025, wherein the bottom and top lines surpassed the Zacks Consensus Estimate. Also, both metrics improved from the prior-year quarter. The company is focusing on several strategic initiatives to drive growth, including expanding product offerings within its strong-performing brands, Anthropologie and Free People, by introducing new lifestyle concepts like activewear and loungewear. It is also revitalizing the Urban Outfitte ...
Urban Outfitters (URBN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-08-21 23:00
For the quarter ended July 2024, Urban Outfitters (URBN) reported revenue of $1.35 billion, up 6.3% over the same period last year. EPS came in at $1.24, compared to $1.10 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.34 billion, representing a surprise of +1.03%. The company delivered an EPS surprise of +26.53%, with the consensus EPS estimate being $0.98. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...
Urban Outfitters (URBN) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2024-08-21 22:20
Urban Outfitters (URBN) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 26.53%. A quarter ago, it was expected that this clothing and accessories retailer would post earnings of $0.49 per share when it actually produced earnings of $0.69, delivering a surprise of 40.82%. Over the las ...
URBN Reports Record Q2 Sales
GlobeNewswire News Room· 2024-08-21 20:05
PHILADELPHIA, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands including the Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly brands, today announced net income of $117.5 million and earnings per diluted share of $1.24 for the three months ended July 31, 2024. For the six months ended July 31, 2024, net income was $179.3 million and earnings per diluted share were ...
Up 15% This Year, Will Urban Outfitters Stock Rally Further After Q2 Results?
Forbes· 2024-08-21 11:00
CORTE MADERA, CALIFORNIA - AUGUST 09: A sign is posted on the exterior of an Urban Outfitters store ... [+] on August 09, 2024 in Corte Madera, California. (Photo by Justin Sullivan/Getty Images) Getty Images Note: Urban Outfitters' FY'24 ended in January 2024. Urban Outfitters (NASDAQ: URBN), a lifestyle retailer focusing on young adults and teenagers, is scheduled to report its second-quarter fiscal 2025 (year ending January 2025) results on Tuesday, August 21. We expect the company's stock to likely trad ...
Will Consumer Strength Fuel These Companies' Results? URBN, TJX, M
ZACKS· 2024-08-20 15:15
Earnings season is slowly winding down to a halt, with a vast majority of companies already delivering their Q2 results. It's not over yet, though, as several consumer-facing companies – Urban Outfitters (URBN) , Macy's (M) , and The TJX Companies (TJX) – are all on the reporting docket for this week. But what can investors expect? Let's take a closer look. Urban Outfitters Maintains Positive Internal Outlook URBN shares have been volatile in 2024, seeing both negative and positive reactions to its recent q ...