NEW YORK (TheStreet) -- Shares of Urban Outfitters Inc. (URBN) are down -3.93% to $34.75 in after-hours trading after the specialty retailer reported that first quarter fiscal 2015 net income declined from the previous year.
Net income was $37,478, or 26 cents per share, for the three months ended April 30, 2014, versus $47,058, or 32 cents per share, in the previous year.
Total company net sales for the first quarter increased 6% over the same quarter last year to a record $686 million from $648 million.
TheStreet Ratings team rates URBAN OUTFITTERS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate URBAN OUTFITTERS INC (URBN) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: