CFRA Upgrades Urban Outfitters, Inc. (URBN) to Buy

Midday movers: Target, Lululemon and ViaSat fall; TJX rises

(Updated - May 22, 2024 11:58 AM EDT)

Investing.com -- U.S. stock futures were mixed Wednesday, ahead of the release of the keenly-awaited minutes from the last Federal Reserve policy meeting and results from AI bellwether Nvidia.

re are some of the biggest U.S. stock movers today:

Target (NYSE: TGT) stock fell 7% after the retailer forecast current-quarter comparable sales and profit largely below expectations after weak... More

BMO Capital Reiterates Market Perform Rating on Urban Outfitters, Inc. (URBN)

BMO Capital analyst Simeon Siegel reiterated a Market Perform rating and $42.00 price target on Urban Outfitters, Inc. (NASDAQ: URBN).

The analyst commented, "URBN's top-line beat (driven by Anthropologie/Free People) and better GM drove 1Q's EPS beat. While Gross Margin came... More

Urban Outfitters, Inc. (URBN) PT Raised to $50 at Baird

Baird analyst Mark Altschwager raised the price target on Urban Outfitters, Inc. (NASDAQ: URBN) to $50.00 (from $48.00) while maintaining a Neutral rating.

The analyst comments "Were raising our estimates, incorporating an FQ1 beat and ~unchanged earnings outlook for FQ2-4 (unexpected UO inventory... More

Citi Reiterates Neutral Rating on Urban Outfitters, Inc. (URBN)

Citi analyst Paul Lejuez reiterated a Neutral rating and $44.00 price target on Urban Outfitters, Inc. (NASDAQ: URBN)

The analyst comments "1Q EPS $0.69 were a solid beat vs cons $0.54 driven by stronger comps (+5% vs cons +3.5%) and GM (+110bps vs cons +30bps). Despite... More

BofA Securities Reiterates Buy Rating on Urban Outfitters, Inc. (URBN)

BofA Securities analyst Lorraine Hutchinson reiterated a Buy rating and $52.00 price target on Urban Outfitters, Inc. (NASDAQ: URBN)

The analyst comments "URBN posted a nice beat, with strong sales growth at Anthropologie & Free People (FP) but continued weakness at Urban (UO).... More

Urban Outfitters, Inc. (URBN) PT Raised to $49 at Telsey

(Updated - May 22, 2024 6:28 AM EDT)

Telsey analyst Dana Telsey raised the price target on Urban Outfitters, Inc. (NASDAQ: URBN) to $49.00 (from $48.00) while maintaining a Outperform rating.

The analyst comments "URBN reported a strong start to FY24 with better-than-expected sales and margins delivering the healthy earnings beat. On the topline, a fifth consecutive period of double-digit comp growth at both the Anthro and FP brands drove the HSD... More

Nvidia earnings, Fed minutes, UK inflation - what's moving markets

Investing.com -- Earnings from tech giant Nvidia are in the spotlight Wednesday, as investors look to see whether the stock's elevated valuation can be justified The minutes from the last Federal Reserve meeting also loom large, while U.K. inflation fell by less than was expected in April. 

The days highlight is the long-awaited earnings report from semiconductor bellwether Nvidia (NASDAQ: NVDA) after the close Wednesday, with these numbers widely seen as a barometer for the burgeoning artificial intelligence... More

Urban Outfitters, Inc. (URBN) PT Raised to $50 at Barclays

Barclays analyst Adrienne Yih raised the price target on Urban Outfitters, Inc. (NASDAQ: URBN) to $50.00 (from $48.00) while maintaining a Overweight rating.... More

After-hours movers: Urban Outfitters, ViaSat, Toll Brothers and more

(Updated - May 21, 2024 4:59 PM EDT)

After-Hours Stock Movers:

Urban Outfitters (NASDAQ: URBN) rose 8% after first quarter EPS and revenue beat estimates amid continued strength at the Anthropologie, Free People, FP Movement and Nuuly brands.

ViaSat (NASDAQ:... More

Urban Outfitters (URBN) Tops Q1 EPS by 16c

Urban Outfitters (NASDAQ: URBN) reported Q1 EPS of $0.69, $0.16 better than the analyst estimate of $0.53. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.18 billion.

For earnings history and earnings-related data on Urban Outfitters (URBN) click here.