Urban Outfitters Inc.  (URBN) - Get Report shares declined in after-hours trading on Thursday after the retailer reported record holiday sales that were mostly in line with expectations.

The global consumer retailer that operates brands like Anthropologie and Free People said total company net sales and same-store sales for November and December both increased 5%. Comparable sales were driven by double-digit growth in the company's digital channel, which offset negative retail store sales.

For the 11 months ended Dec. 31, total company net sales increased 10% from 2017, with same-store net sales up 9%. The company saw strong, double-digit growth in its digital channel and positive retail store sales for the same period. Wholesale net sales grew 10%.

Urban Outfitters' said it saw "record holiday sales" in 2018, but investors weren't impressed and sent the stock down 2.5% after hours.

Retail stocks were hammered Thursday after several companies announced mixed results while analysts were expecting strong numbers due to a new tax law, record consumer sentiment and consumer spending numbers that have been the best in years.

Macy's Inc. (M) - Get Report stock tanked 17.7% after reporting holiday sales numbers that fell flat and after it lowered its fiscal-year outlook.

Kohl's Corp. (KSS) - Get Reporttumbled by 4.8% after announcing that same-store holiday sales from November to December grew only 1.2%, down from year-earlier growth of nearly 7%. The company raised fiscal-year guidance and now expects fiscal-year earnings of $5.50 to $5.55 a share, compared with prior guidance of $5.35 to $5.55. 

Target Corp. (TGT) - Get Report  shares were dragged down 2.9% by the negative sentiment in retail stocks despite reporting holiday sales that easily beat expectations and forecasting double-digit adjusted earnings growth in the fiscal year.