|Bid||24.39 x 1800|
|Ask||24.40 x 2900|
|Day's Range||23.73 - 24.49|
|52 Week Range||23.65 - 52.50|
|Beta (3Y Monthly)||0.43|
|PE Ratio (TTM)||8.92|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Urban Outfitters has been a retail laggard. A new women's apparel rental service should begin to affect results in the second quarter.
Despite first-quarter results that beat expectations, the apparel retailer's move into the clothing rental business has investors selling.
Urban Outfitters Inc. stock slumped nearly 10% in Wednesday trading as analysts express concern that fashion misses will continue to weigh on results. "Our sales have started out the quarter below our first-quarter trend and internal expectations," said Francis Conforti, Urban Outfitters' chief financial officer, on the call, according to a FactSet transcript. Chief Executive Richard Hayne said issues for May-to-date were due, in part, to product miscalculations. "I believe all brand teams currently have excellent clarity on what the customer is looking for and should be able to execute on that knowledge," he said. "If this assumption is correct, total retail segment comps should improve as the quarter progresses." But for Wells Fargo, that wasn't enough. "The results are clearly disappointing, but what is even more worrisome is the fact that Urban Outfitters was hopeful for mid-single digit 2019 comps just six months ago, and now after a slow start to 1Q they are hopeful for inflection in 2Q (where trends appear to actually be worsening). It creates very limited visibility for investors," analysts led by Ike Boruchow wrote. Wells Fargo rates Urban Outfitters shares market perform with a $28 price target, down $2. Instinet analysts also cut their price target to $28 from $32, but maintained their neutral stock rating. Urban Outfitters' portfolio includes the namesake brand, Anthropologie and Free People. The company just announced a clothing rental service, Nuuly. Urban Outfitters stock has taken a 26.7% tumble while the S&P 500 index has gained 14% for the period.
Stocks that moved substantially or traded heavily on Wednesday: Target Corp., up $5.60 to $77.56 The retailer reported a surge in online sales that helped push profit and revenue beyond Wall Street forecasts. ...
It was another choppy session as many traders may be better off focusing on a new hobby or playing some golf until we get some more encouraging follow-through. This Wednesday would have typically been an exception, given that there was an FOMC statement in the afternoon. Even that couldn't get the tape to move. Despite the overall choppiness in the market, there were plenty of individual movers though. Let's look at a few top stock trades to watch on Thursday. Top Stock Trades for Tomorrow 1: Target Click to EnlargeAs you'll see in a moment, Target (NYSE:TGT) was one of the few positive standouts when it comes to retail earnings. Shares jumped more than 9% on the day and held most of their post-earnings gains as investors have to be cheering the price action.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo what now? * 7 Stocks to Buy for Over 20% Upside Potential I need to see TGT stock stay above $76.31. If it breaks below, that means it will have lost both the 50-day and 200-day moving averages, as well as its 61.8% retracement for the one-year range. It will have also fallen back below prior downtrend resistance.If TGT can continue higher, look to see if it can fill the gap up to $81-ish. Shares are not yet overbought and the MACD has swung in bulls' favor. Top Stock Trades for Tomorrow 2: Urban Outfitters Click to EnlargeUrban Outfitter (NASDAQ:URBN) is in one nasty downtrend and Wednesday's 9% post-earnings fall isn't helping matters. In April it broke out over resistance, as well as the 10-week and 200-week moving averages. That was only temporary though, as shares are now cascading lower.This isn't one for me. There are other names in retail -- TGT and TJX Companies (NYSE:TJX) are two examples -- that are doing well. I'd rather bet with the wind than against it, and URBN sure has a lot of wind in its face.URBN is a no-touch for me on the long side until it can breakout of this channel and put in a bottom. Top Stock Trades for Tomorrow 3: Advance Auto Parts Click to EnlargeAdvance Auto Parts (NYSE:AAP) is rising on Wednesday after reporting earnings. Its reaction isn't unlike its peer AutoZone (NYSE:AZO), which we covered the other day.Shares did a great job breaking out of that steep downward channel, now up seven sessions in a row. On Wednesday though, resistance was just too much.$170 is a significant level, while the 38.2% retracement is at $169.06. AAP is even having trouble getting above its 50-day moving average. That's okay though, as shares are holding the 200-day moving average, at least for now.I would love to see a mover $170 now, which could ignite a move back up to the $180+ area on the chart. Below today's low and AAP could fill the gap back down to $162. Top Stock Trades for Tomorrow 4: Canopy Growth Click to EnlargeIs Canopy Growth (NYSE:CGC) set to break out? Maybe. CGC stock has been in a tight falling wedge pattern all month, but poked through resistance on Tuesday. On Wednesday, it jumped higher, clearing its 50-day moving average.In this choppy market, I wouldn't be surprised to see the stock pullback now, but if prior resistance acts as support -- say near $44 -- then this may be a buy for another push higher. (Time to load up?)Of course, over Wednesday's high gets us to $48, which was prior resistance earlier this year. Above that, and CGC can test this year's high over $52. A break back below resistance likely gets CGC down to the 200-day. Top Stock Trades for Tomorrow 5: Toll Brothers Click to EnlargeToll Brothers (NYSE:TOL) is down about 4% after the company reported earnings. This one could be in trouble if sellers start to take control.TOL has gone from one channel to the next, and while shares are currently in an uptrend, support is being tested. If it gives way -- as the 10-week moving average has now -- TOL could be heading lower. The first notable level below channel support is $35, which is the confluence of the 50-week and 200-week moving averages. It's where we'll also find the 200-day moving average. You may also notice that the MACD is starting to roll over (blue circle). * 7 Safe Stocks to Buy for Anxious Investors That said, all hope is not lost. For shares to maintain their upward trajectory, Toll Brothers need to see support hold. If it does, a retest of $40 resistance is on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Kenwell held no positions in any aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post 5 Top Stock Trades for Thursday: TGT, URBN, CGC appeared first on InvestorPlace.
Urban Outfitters (NASDAQ:URBN) announced that the company is rolling out a clothing rental service, which will come out later this year.Source: Shutterstock Here are seven things to know about the service: * The service will be rolled out this summer and it will be called Nuuly. * Chief digital officer David Hayne, who is the son of one of the founders, will run the new service. * He expects the Urban Outfitters service will attract 50,000 subscribers and rake in more than $50 million in revenue in its first year of business. * A shopper can rent up to six items at a time for $88 per month from the company's family of brands, which include Anthropologie and Free People. * The service will also offer other options in clothing from the likes of Levis, Reebok and Fila, as some of these are sold in Urban Outfitters stores. * The business said the service will give customers the option to infuse "freshness and variety into their wardrobes," per a statement in the company's press release. Shoppers who like certain items have the option of purchasing them. * Urban Outfitters said that the goal of the service is to diversify its revenue streams, not replace sales."We certainly don't think the customers are just going to stop purchasing," Hayne told the Wall Street Journal. "Purchases make sense for things you know you're going to use often; rental makes sense for things you would like to try."InvestorPlace - Stock Market News, Stock Advice & Trading TipsURBN stock is down 9.2% on Wednesday. More From InvestorPlace * 7 Safe Stocks to Buy for Anxious Investors * 7 Stocks to Buy for Over 20% Upside Potential * 7 High-Yield REITs to Buy (Even When the Market Tanks) Compare Brokers The post Urban Outfitters Clothing Rental Service: 7 Things We Know appeared first on InvestorPlace.
Urban Outfitters expects to create 200 jobs by next summer as its clothing rental company Nuuly takes off.
It’s a difficult day to be an apparel retail investor as earnings reports from Nordstrom, Urban Outfitters, and VF Corp. highlight issues from fashion missteps to online struggles.
Stock indexes failed to make headway Wednesday morning. At 2 p.m., the Federal Reserve will release the minutes from its latest meeting.
Urban Outfitters, Inc. (NASDAQ: URBN) shares dropped more than 7 percent on Wednesday despite the company beating first-quarter earnings and sales expectations. Urban Outfitters reported first-quarter net income of $32.6 million, or 31 cents per share, a 21 percent drop from a year ago. Revenue was up 1 percent to $864.4 million, beating consensus expectations of $854.7 million.
shares traded sharply lower Wednesday after the fashion retailer said it would launch a women's apparel rental service that analysts think will cut into its second quarter earnings. Urban Outfitters actually surprised Wall Street with stronger-than-expected first quarter revenues of $864 million, a 1% increase from the same period last year, and a bottom line of 31 cents per share. "We believe there is a large opportunity to reshape the $120 billion women's apparel market in the US.
Trade Desk, Lindsay, Nordstrom and Urban Outfitters highlighted as Zacks Bull and Bear of the Day
Urban Outfitters' (URBN) first-quarter net sales showed a marginal improvement but earnings fell sharply from the year-ago period.
U.S. stock futures turned mixed on Wednesday after the boost equities received from a move by the White House to ease restrictions on China's Huawei Technologies faded on a report the United States may target more Chinese companies. The New York Times reported the White House was prepared to target Hangzhou Hikvision Digital Technology and Zhejiang Dahua Technology for the so-called Entities List as it tightens the screws on Beijing in an effort to force concessions on trade. Hikvision is one of the world's largest makers of video surveillance products and is central to China's ambitions to be the top global exporter of surveillance systems, according to the Times.
It's Wednesday morning and traders are talking about the potential for the Fed to cuts rates if inflation dissapoints and also the AmCham China chairman Tim Stratford's comments that some of its members are worried about China's response to the U.S. adding Huawei to its 'entity list', which hurts the tech company's ability to do various […]
An attractive entertainment is apparently still on the block, plus two retailers report quarterly earnings.
Urban Outfitters (NASDAQ:URBN) unveiled its latest quarterly earnings results late today, bringing in a profit that beat expectations, as well as sales that topped the mark and increased year-over-year, yet URBN stock was down after hours.The Philadelphia, Penn.-based lifestyle retail business revealed that for its first quarter of its fiscal 2019, it brought in net income of $32.6 million, amounting to roughly 31 cents per share. This marked a 21% decline from its net income during the year-ago quarter, which came in at $41.3 million, or 38 cents per share.Urban Outfitters' earnings were stronger than the Wall Street consensus estimate of 25 cents per share, according to a survey of analysts conducted by FactSet. The company added that its sales tallied up to $864.4 million, a 1% gain over its year-ago revenue of $855.7 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Wall Street outlook saw the retail business bringing in revenue of $854.7 million, according to data compiled by FactSet. Urban Outfitters also revealed that it is rolling out a subscription rental service for women's clothes called Nuuly, following a popular business model in the industry at the moment.The service will see subscribers pay about $88 for a six-item box per month that includes items from Urban Outfitters and third-party brands.URBN stock is sliding 1.8% after hours on Tuesday following the company's strong quarterly earnings showing. Shares had been gaining 0.2% during regular trading hours ahead of its results. More From InvestorPlace * 7 Stocks to Buy that Lost 10% Last Week * 7 Stocks to Buy for Over 20% Upside Potential * 7 High-Yield REITs to Buy (Even When the Market Tanks) Compare Brokers The post Urban Outfitters Earnings: URBN Stock Dips Despite Q1 Sales, EPS Beat appeared first on InvestorPlace.
Shares of Nordstrom JWN tanked more than 9% in extended trading after the department store reported first-quarter results that missed on the top and bottom lines. Wall Street had expected earnings of 43 cents per share on revenue of $3.58 billion, according to Refinitiv consensus estimates. Nordstrom also gave disappointing guidance, lowering its full-year earnings guidance to $3.25 per share from an earlier projection of $3.73 per share.
CNBC's "Power Lunch" is joined by Christine Hunsicker, CaaStle CEO to discuss Urban Outfitters' new clothing rental venture as well as the company's earnings and overall retail sector.