Urban Outfitters (NASDAQ:URBN) Declares Profit Surges 17% – URBN, GPS, ANF, AEO, CHS

Urban Outfitters, Inc. (NASDAQ:URBN) announced on late Monday that its fiscal Q3 profit soared to $59.5M, or 40 cents a share, from $50.7 million, or 33 cents, a year before.
Revenue for the quarter ended Oct. 31 moved up to $692.9 million from $609.9 million. Overall, net sales increased 14 percent though similar-store sales plunged 1 percent. Experts surveyed by FactSet had forecasted the Philadelphia-based retailer would generate 41 cents per share on $693.1 million in sales. Urban Outfitters shares surged more than 5% to close at $37.07 on Monday.

Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes The Gap Inc. (NYSE:GPS) gain +2.50%, Abercrombie & Fitch Co. (NYSE:ANF) edged up +7.17%, American Eagle Outfitters (NYSE:AEO) which also increased +1.89% and Chico’s FAS, Inc. (NYSE:CHS) closed up +0.78%.

Urban Outfitters, Inc. (NASDAQ:URBN) stock’s trade at beginning with a price of $35.59 and throughout the trading session climbed at a high of $37.25 other than when day-trade ended the stock finally advanced 5.76% to $37.07.

The stock is going forward its 52 week low with 58.28% and lagging behind from its 52 week high price with -8.81%. URBN last month stock price volatility remained 2.74%.

URBN stock institutional ownership remained 77.55% while insider ownership included 1.73%. In its share capital URBN has 145.53 million outstanding shares among them 110.64 million shares have been floated in market exchange.

Company’s beta coefficient included 1.02. Beta factors measures the amount of market risk associated with market trade.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.