24.46 +0.05 (0.23%)
Pre-Market: 8:30AM EST
|Bid||24.06 x 1400|
|Ask||24.46 x 1800|
|Day's Range||23.97 - 25.27|
|52 Week Range||19.63 - 39.54|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||10.04|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Urban Outfitters plunged after the retailer missed quarterly earnings estimates on the top and bottom line. Yahoo Finance's Alexis Christoforous and Jared Blikre discuss.
Urban Outfitters' shares plummeted, raining on a parade of otherwise upbeat retail earnings WEDNESDAY. Quarterly profit at the bohemian lifestyle retailer dropped 28%, missing Wall Street's target for the first time in nearly two years. Weak demand for women's clothing at its namesake chain drove the company to cut prices. That, along with higher labor costs, hurt the bottom line. Same-store sales at Urban Outfitters were flat, disappointing Wall Street which had expected a solid increase. What's more, the company's wholesale business suffered from increased markdowns from department stores. The company, which also owns the Anthropologie brand, said it's seeing positive sales in the current holiday quarter. But investors seemed unconvinced. Urban Outfitters shares fell more than 16% in early trading Tuesday - it's worst one-day performance in nearly 7 years. They've lost nearly a quarter of their value this year.
Baird analyst Mark Altschwager said he was encouraged by Urban Outfitters improved results fueled by a resurgence at Anthropologie and strength at Free People, but a cautious outlook in the fourth quarter is responsible for the drop in shares. The analyst trimmed his 2019/2020 EPS estimates to represent a more conservative view on fourth-quarter margins, but says in the long term, he believes with its differentiated brands/concepts and digital strength, Urban Outfitters is one of the better positioned specialty retailers in his coverage universe. Although the analyst is encouraged by the positive comps across the board for Urban Outfitters brands, Redding says third-quarter results are likely to weigh on the retail sector as a whole, particularly in teen apparel retailers.
Zacks.com featured highlights include: Bristol-Myers Squibb, Urban Outfitters, Hewlett Packard, Cardinal Health and British American Tobacco
Discount Store retailers' earnings results are likely to reflect gains from a unique business model as well as omni-channel, pricing and merchandising initiatives. High costs might have hurt margins.
Urban Outfitters' (URBN) bottom line declines year over year but top line improves from the year-ago period benefiting from favorable response to apparel assortments and growth in the digital channel.
Urban Outfitters shares plunged Wednesday after the clothing retailer posted weaker-than-expected third quarter earnings amid weakening sales for some of the nation's largest clothing-focused store chains.
Urban Outfitters (URBN) delivered earnings and revenue surprises of -1.75% and -1.35%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
Urban Outfitters shares were tumbling in after-hours trading, after the company reported a decline in profit.
Shares of Urban Outfitters Inc. fell more than 11% in the extended session Tuesday after the retailer missed third-quarter profit and sales expectations. Urban said it earned $56 million, or 56 cents a share, in the quarter, compared with $78 million, or 70 cents a share, in the year-ago period. Sales rose 1.4% to $987 million, from $974 million a year ago, Urban Outfitters said. Analysts polled by FactSet had expected earnings of 57 cents a share on sales of $1 billion. Shares of Urban Outfitter ended the regular trading day down 4.5%.
Urban Outfitters, Inc. (NASDAQ: URBN ) shares are falling despite reporting record third-quarter sales. Earnings came in at 56 cents per share, missing estimates by a penny. Sales came in at $987.469 million, ...
Despite several economic and geopolitical headwinds, third-quarter earnings results were not as weak as expected in the beginning of the reporting cycle.
Investing.com -- Stocks react positively to the U.S.'s decision to cut Huawei more slack, while it's a big day ahead for retail earnings: updates are due from Kohl's, (NYSE:TJX), Urban Outfitters and HomeDepot. There are also updates on U.S. housing starts and building permits, and a head-to-head debate in the U.K. between the leaders of the Conservative and Labour Parties. Here's what you need to know in financial markets on Tuesday, 19th November.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.