Urban Outfitters: S&P Intraday Laggard

NEW YORK ( TheStreet) -- Retailer Urban Outfitters ( URBN) was the worst performer in the S&P 500 intraday Tuesday.

The S&P 500 rose 6 points, or 0.44%, to 1,377.09 in trading Tuesday morning.

Shares of Urban Outfitters fell 6.17% to $27.69 on about double the stock's average daily trading volume. The retailer reported Monday fourth-quarter earnings of $39.3 million, or 27 cents a share, down from year-ago earnings of $75.2 million, or 46 cents. Analysts, on average, expected earnings per share of 29 cents.

Urban Outfitters has an estimated price-to-earnings ratio for next year of 15.37 times; the average for apparel retailers is 15.4. For comparison, both Abercrombie & Fitch ( ANF) and Guess ( GES) have lower forward P/Es of 11.41 and 11.63, respectively.

Sixteen of the 34 analysts who cover Urban Outfitters rated it buy. Thirteen analysts gave the stock a hold rating and five rated it sell.

TheStreet Ratings gives Urban Outfitters a B- grade with a buy rating and a $30.54 price target. The stock has risen slightly year to date.

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-- Written by Alexandra Zendrian

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