24/7 Wall St. has included some highlights from the earnings report, as well as what a few analysts are saying after the fact.
The retailer said that it had $0.44 in earnings per share (EPS) and $872.9 million in revenue, compared with consensus estimates from Thomson Reuters of $0.37 in EPS and revenue of $861.76 million. The same period of last year reportedly had EPS of $0.66 and $890.57 million in revenue.
Comparable retail segment net sales, which includes the comparable direct-to-consumer channel, decreased 4.9%.
By brand, comparable retail segment net sales increased 2.9% at Free People, but decreased 4.0% at the Anthropologie Group and 7.9% at Urban Outfitters. The decline in comparable retail segment net sales was due to negative retail store sales, which was partially offset by continued sales growth in its direct-to-consumer channel.
Here’s what analysts had to say in the aftermath:
- Merrill Lynch reiterated a Buy rating and raised its price target to $24 from $22.
- KeyCorp has a Buy rating with a $26 price target.
- Jefferies has a Buy rating and raised its price target to $25 from $23.
- Goldman Sachs has a Sell rating but raised its price target from $16 to $18.
- Robert Baird has a Buy rating with a $22 price target.
- RBC has a Sector Perform rating and raised its price target to $21 from $17.
- Telsey Advisory Group has a Market Perform rating and raised its target from $20 to $22.
- Oppenheimer reiterated a Hold rating.
Shares of Urban Outfitters were last seen up about 20% at $20.22 on Wednesday, with a consensus analyst price target of $19.77 and a 52-week range of $16.68 to $21.31.
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