Urban Outfitters (NASDAQ:URBN) reported Q3 EPS of $0.33, better than analyst estimates of $0.32 per share. Revenues for the quarter rose 6.3% year-over-year to $610 million, missing consensus estimates of $626.43 million.
Chief Executive Officer of the company Glen T. Senk said, "We have made progress in many categories during the quarter. We anticipate additional improvements through continued product focus, aggressive inventory management and the organization changes we announced last week."
Urban Outfitters (NASDAQ:URBN) has potential upside of 11.2% based on a current price of $26.83 and an average consensus analyst price target of $29.85.
Chief Executive Officer of the company Glen T. Senk said, "We have made progress in many categories during the quarter. We anticipate additional improvements through continued product focus, aggressive inventory management and the organization changes we announced last week."
Urban Outfitters (NASDAQ:URBN) has potential upside of 11.2% based on a current price of $26.83 and an average consensus analyst price target of $29.85.
Urban Outfitters is currently above its 50-day moving average (MA) of $24.83 and should find resistance at its 200-day MA of $29.72.
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