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Urban Outfitters URBN is a mid-cap firm in the consumer discretionary sector. In 2024, the company's shares vastly outperformed their sector, with a total return of over 16% before its recent earnings.
Note: Urban Outfitters' FY'24 ended in January 2024.
Urban Outfitters, Inc. reported Q2 results with similar retail sales momentum to Q1, carried by Anthropologie and Free People but pushed down by Urban Outfitters. The underlying margin expansion was great, although higher discounting activity in the Urban Outfitters brand combined with slower sales countered some margin expansion. The Nuuly subscription service showed accelerating subscriptions and growth, being an exciting development for the company with potentially great significance over the long term.
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Telsey Advisory Group analyst Dana Telsey rated Urban Outfitters, Inc. URBN to Market Perform from Outperform, lowering the price forecast to $44 from $49, citing the ongoing challenges to the visibility of the stock.
Urban Outfitters, Inc. URBN reported better-than-expected second-quarter financial results on Wednesday.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Shares of Urban Outfitters (URBN) tumbled Thursday to their lowest point since January as markets focused on the retailer's sales outlook more than its second-quarter results that surpassed estimates.
Urban Outfitters beat on both sales and earnings last night. Profits grew twice as fast as sales, up 13%.
Urban Outfitters Inc (NASDAQ:URBN) stock is down 12.9% at $36.13 at last glance, despite the retailer's better-than-expected second-quarter earnings and revenue, after disappointing comparable sales numbers.
Urban Outfitters' (URBN) Q2 results reflect year-over-year improvement in revenues. The company focuses on strategic initiatives to boost customer engagement.