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. -- Written by Alexandra Zendrian >To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: email@example.com. >To follow the writer on Twitter, go to Alexandra Zendrian.