Urban Outfitters Analysts Boost Their Forecasts After Stronger-Than-Expected Q2 Earnings

Core Insights - Urban Outfitters Inc. reported better-than-expected second-quarter results, with earnings of $1.58 per share, surpassing the Street estimate of $1.48, and quarterly revenue of $1.5 billion, exceeding the analyst estimate of $1.47 billion [1][2] Financial Performance - The company achieved record revenues, profits, and earnings per share for the quarter, with all five brands reporting positive comparable sales across all geographies [2] - Despite the strong financial results, Urban Outfitters shares fell 8% to $71.77 following the earnings announcement [2] Analyst Ratings and Price Targets - Telsey Advisory Group maintained a Market Perform rating and raised the price target from $72 to $80 [6] - Wells Fargo maintained an Equal-Weight rating and increased the price target from $70 to $75 [6] - B of A Securities maintained a Buy rating and raised the price target from $90 to $93 [6] - Morgan Stanley maintained an Overweight rating and increased the price target from $82 to $84 [6]