|Bid||23.75 x 3000|
|Ask||23.83 x 4000|
|Day's Range||23.11 - 23.91|
|52 Week Range||22.19 - 52.50|
|Beta (3Y Monthly)||0.43|
|PE Ratio (TTM)||8.95|
|Earnings Date||Aug 20, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.00|
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.
The first quarter was a breeze as Powell pivoted, and China seemed eager to reach a deal with Trump. Both the S&P 500 and Russell 2000 delivered very strong gains as a result, with the Russell 2000, which is composed of smaller companies, outperforming the large-cap stocks slightly during the first quarter. Unfortunately sentiment shifted […]
Investing in stocks comes with the risk that the share price will fall. And there's no doubt that Urban Outfitters...
Urban Outfitters Inc NASDAQ/NGS:URBNView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderate for URBN with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding URBN totaled $8.43 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Shares of American Eagle (NYSE:AEO) popped in early June after the mall apparel retailer reported first-quarter numbers that were surprisingly strong. I use the word "surprisingly" here because pretty much every one of American Eagle's peers reported ugly first quarter 2019 numbers, with the norm across the industry being revenue and profit misses, negative comparable sales growth and margin compression.Source: Mike Mozart via Flickr (Modified)American Eagle did report margin compression. But, that's where the bad news ended. The retailer actually topped top- and bottom-line expectations by a healthy margin, driven by a robust 6% rise in comparable sales. Analysts had been looking for just 3% comparable sales growth. In response to the strong report, AEO stock rose by 4.7%.This rally in American Eagle stock should last.InvestorPlace - Stock Market News, Stock Advice & Trading TipsZooming out, AEO stock dropped big in May against an ugly retail backdrop. First, all of American Eagle's peers reported really bad early 2019 numbers in May. Second, trade conflicts globally heated up. Retailers are stuck at the epicenter of those trade conflicts. As such, retail stocks were killed in May, including AEO.But strong first-quarter numbers affirm that American Eagle is a winning retailer in a mixed retail environment, so the sell-off as the result of bad peer numbers is overdone. Further, American Eagle's second-quarter guide came in only a few pennies shy of estimates, with the broad implication being that this company can side-step a big tariff hit in the short term.As such, the two headwinds which killed AEO stock in May are disappearing in June. As they do, this stock should rebound in a big way. Mall Retail Struggled In Early 2019In May, multiple mall retailers reported first-quarter 2019 numbers, and almost none of them delivered good results. * The 10 Best Stocks for 2019 -- So Far Mall giants Nordstrom (NYSE:JWN) and JC Penney (NYSE:JCP) both reported ugly first-quarter numbers, with sharply negative comparable sales growth and big margin compression. Smaller mall retailers, like Gap (NYSE:GPS), Urban Outfitters (NASDAQ:URBN), Express (NYSE:EXPR) and many others likewise reported ugly first quarter numbers.The big takeaway was that mall retail had a bad first few months of 2019. Despite a healthy labor market, low interest rates, healthy credit, and a strong consumer, mall retailers generally didn't win in early 2019. American Eagle Had A Strong Start To The YearWhile mall retail may have had a bad start to 2019, American Eagle didn't.American Eagle beat both top- and bottom-line expectations. Comps at the American Eagle brand rose 4%. Comps at Aerie rose 14%. Those are pretty big growth numbers against the backdrop of the negative comp numbers American Eagle's peers reported.This outperformance and strength is nothing new. American Eagle has been the cream-of-the-crop in the mall retail sector for a long time. The company has rattled off 17 consecutive quarters of comparable sales growth and 6 consecutive quarters of 5%-plus comparable sales growth.The secret juice? Jeans and lingerie. American Eagle is the best teenager jeans brand around. As the jeans trend has made a comeback over the past several quarters, American Eagle's numbers have improved. Meanwhile, Aerie is capitalizing on a secular shift in the intimates market from bombshell beauty to natural beauty. As this shift has played out, Aerie has won share from traditional intimates king Victoria's Secret.Net net, American Eagle has capitalized on two fashion trends over the past several quarters to drive operational outperformance. These trends persist in early 2019. Consequently, so did American Eagle's outperformance, despite broader retail struggles. American Eagle Stock Should Bounce BackFashion trends change all the time. Of course, jeans won't remain hot forever. Nor will the natural beauty shift. But, American Eagle management has time and time again shown a unique and largely unprecedented ability to capitalize on fashion trends, and use them to drive healthy numbers across the company.After all, 17 straight quarters of positive comps means this company has been comping positive for more than four years. That's a long time. Over the past four years, many fashion trends have come and gone, including the jeans trend (jeans' popularity is very cyclical). American Eagle's operational out-performance has stayed.Thus, the May sell-off in AEO stock related to mall retail struggles is overdone. That sell-off was due to concerns that AEO was in the same boat as its peers. But, the company isn't, not has it struggled for a long, long time. As such, the current trend of operational outperformance is set to persist, and the mall retail concerns which weighed on AEO stock in May should ease in June.Further, AEO stock also dropped in May because of trade war concerns. But, management delivered a second quarter guide which called for continued positive comparable sales growth, and only missed Street profit estimates by a few pennies a share. Thus, management clearly doesn't expect a big impact from tariffs in the near term. Tariff concerns should likewise ease in June.All in all, with mall retail and tariff concerns set to ease in June, AEO stock is positioned to bounce back. Bottom Line on AEO StockAmerican Eagle is the cream of the crop in the mall retail sector, and strong first quarter numbers serve to further support this thesis. So long as this remains true -- and so long as the company can side-step the impact of tariffs and the U.S. consumer remains healthy -- then AEO stock should trend higher.As of this writing, Luke Lango was long JWN and URBN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post Strong Q1 Numbers Affirm That American Eagle Is a Winner appeared first on InvestorPlace.
Profit warnings and disappointing sales from US retailers have left Wall Street questioning the financial health of the American consumer, yet executives in many cases blamed their companies’ own mistakes, from botched promotions to misjudged fashion offerings. Almost half — 35 of 74 — of listed US retailers tracked by S&P Global Market Intelligence missed Wall Street’s forecasts for first quarter like-for-like sales. Linda Heasley, chief executive of J Jill, a women’s clothing chain based in Massachusetts, made a similar admission last week as a profit warning prompted investors to wipe 54 per cent from its share price.
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.