Urban Outfitters reported earnings of 35 cents a share for the third quarter, below the 41 cents a share analysts surveyed by Thomson Reuters expected for the quarter. Revenue grew 5% year over year to $814 million for the quarter, compared to analysts' estimates of $813.05 million.
Comparable Retail segment net sales fell 7% year over year for the Urban Outfitters brand. Net sales for the third quarter increased 15% for the Free People brand and 2% for the Anthropologie Group.
Must Read: Warren Buffett's 25 Favorite Stocks
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 multiple 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, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."