Urban Outfitters, Inc. URBN reported better-than-expected results for its first quarter.
Urban Outfitters reported a sales increase of 6% Y/Y to $1.11 billion, beating the analyst consensus of $1.09 billion. EPS of $0.56 beat the consensus of $0.35.
The company also said inventory fell 6.3% year-over-year during the period.
Urban Outfitters shares jumped 13.7% to $30.31 in today’s pre-market trading session.
These analysts made changes to their price targets on Urban Outfitters following earnings announcement.
- Telsey Advisory Group raised the price target on Urban Outfitters from $34 to $35. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating.
- Citigroup boosted the price target on Urban Outfitters from $32 to $36. Citigroup analyst Paul Lejuez maintained a Buy rating.
- Wells Fargo raised Urban Outfitters price target from $25 to $30. Wells Fargo analyst Ike Boruchow maintained an Equal-Weight rating.
Check This Out: Investor Sentiment Declines On Concerns Over Debt Ceiling Talks
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.