Urban Outfitters: S&P Intraday Gainer
NEW YORK (TheStreet) -- Urban Outfitters (URBN) was the best-performing stock in the S&P 500 intraday Tuesday. .
The S&P 500 was rising 9 points, or 0.69%, to 1,325.
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Shares of Urban Outfitters gained 6.54% to $27.87. The retailer reported on Monday a first-quarter profit that beat analysts' expectations.
Urban Outfitters' first-quarter earnings were $34 million, or 23 cents a share, down from year-earlier earnings of $38.6 million, or 23 cents a share.
Revenue in the quarter rose almost 9% to $568.9 million from $524 million a year earlier. Urban Outfitters trades at an estimated price-to-earnings ratio for next year of 15.21 times; the average for apparel retailers is 13.79. For comparison, American Eagle (AEO) has a lower forward P/E of 14.77. Analysts were split on Urban Outfitters with 13 analysts giving the stock a buy rating, another 13 rating Urban Outfitters a hold and four analysts giving the stock a sell rating. The stock has ticked up 26 cents, or 0.93%, year to date. -- Written by Alexandra Zendrian>To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: tips@thestreet.com. >To follow the writer on Twitter, go to Alexandra Zendrian.
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