Why Urban Outfitters, Inc. Stock Rose Today
Shares of Urban Outfitters, Inc. (NASDAQ: URBN) were moving higher after the apparel and lifestyle retailer posted a strong third-quarter earnings report last night. As of 11:10 a.m. EST, the stock was up 4.6%.
Riding on the tailwinds of other apparel retailers that reported promising numbers last week, Urban impressed the market with positive comparable sales at its three main businesses. Excluding the impact of hurricanes, comps rose 5% at Free People, 2% at Anthropologie, and 1% at Urban Outfitters. The company also beat estimates on the top and bottom lines.
Image source: Urban Outfitters.
Source: Fool.com
Urban Outfitters Stock
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-0.970%
The stock is an absolute favorite of our community with 22 Buy predictions and no Sell predictions.
With a target price of 81 € there is a positive potential of 27.48% for Urban Outfitters compared to the current price of 63.54 €.
