Urban Outfitters Inc. (NASDAQ: URBN) Downgraded by William Blair to Market Perform
Thursday, April 28, 2022 2:00 PM

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William Blair downgraded Urban Outfitters to Market Perform from Outperform on concerns soft sales trends will result in below-consensus earnings for the next few quarters. In addition, the company announced that quarter-to-date comparable retail segment sales through the Easter holiday weekend were low single-digit negative, consistent with the update provided on April 1.

The company reported earnings of $75 million and $273 million for the fourth quarter and year ended January 31, 2011, respectively. Earnings per diluted share were $0.45 for the quarter and $1.60 for the year. Total net sales rose by 14 percent over the same quarter last year to $668 million. Comparable retail segment net sales, which include direct-to-consumer channels, improved 4 percent for the quarter while comparable store net sales decreased 2 percent for the quarter.

Shares last traded at $33.10, up 1.38 percent. URBN has a 52-week low of $29.03 and a 52-week high of $40.84. The company has a total market cap of $5.15 billion. The price to earnings ratio of the company is 19.73 and PEG ratio is 0.96.

Urban Outfitters operates two business segments consisting of lifestyle-oriented general merchandise retailing segment and a wholesale apparel business

 

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