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Actionable news in URBN: Urban Outfitters, Inc.,

What Analysts Have to Say About Urban Outfitters After Earnings

Urban Outfitters Inc. (NASDAQ: URBN) reported its fiscal third quarter financial results Monday after the markets closed. However, with the harsh environment for most retail stocks, everyone is looking at revenue growth and comparable sales. Unfortunately it does not appear that Urban Outfitters delivered on these. As a result, analysts poured into the stock, updating their ratings and price targets following this miss.

The company posted $0.42 in earnings per share (EPS) on $825.26 million in revenue, which compares to consensus estimates from Thomson Reuters of $0.42 in EPS on $872.00 million in revenue. The same period from the previous year had EPS of $0.35 and revenue of $814.47 million.

Total net sales for the third quarter increased 1% over the same quarter last year, and comparable retail segment net sales, which includes the comparable direct-to-consumer channel, increased 1%.

Credit Suisse adjusted its estimates and lowered its target price to $29 from $38. The firm said:

We are adjusting our fiscal 2016 retail segment comp, revenue and EPS estimates to 1.9%, $3,454 million and $1.72 from 4.2%, $3,545 million and $1.87. Our fiscal 2017...


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