Urban Outfitters (NASDAQ:URBN) Stock, Quote.Headers.trade-ideas

Urban Outfitters

Founded in 1970, Philadelphia-based Urban Outfitters is an apparel and home goods retailer that operates more than 700 stores and e-commerce in the United States (87.5% of fiscal 2024 sales) and other regions. Its retail nameplates are Urban Outfitters, Free People, FP Movement, and Anthropologie. Retail accounted for 91% of fiscal 2024 revenue, but the firm also sells products through a wholesale operation, owns some restaurants, and operates a clothing rental and resale business called Nuuly (5% of sales). Urban Outfitters primarily markets to young adults and offers products in categories such as apparel (66% of sales), home goods (16% of sales), accessories (13% of sales), and more.

Earnings

Mid Cap

News

Retail Sales

Markets

Trading Ideas

LULU

URBN

Select Sector SPDR-Consumer Discretionary

Urban Outfitters (NASDAQ: URBN) is a mid-cap firm in the consumer discretionary sector. In 2024, the company&#39;s shares vastly outperformed their sector, with a total return of over 16% before its recent earnings.

Urban Outfitters Stock Dips: Can a Gen-Z Strategy Boost Sales?

movers image

Movers

BBAI

CRON

DOYU

RRGB

UBXG

Ubiquiti, Red Robin And Other Big Stocks Moving Lower In Friday&#39;s Pre-Market Session

urban_outfitters

Analyst Color

Equities

Downgrades

Price Target

Analyst Ratings

General

Telsey Advisory Group downgrades Urban Outfitters to Market Perform, lowers price target to $44, citing visibility challenges despite strong Q2 results.

Urban Outfitters Downgraded - Analyst Cautions Against Visibility Challenges

Urban Outfitters Inc

Urban Outfitters (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/urbn#NASDAQ">URBN</a>) is a mid-cap firm in the consumer discretionary sector. In 2024, the company&#39;s shares vastly outperformed their sector, with a total return of over 16% before its recent earnings.
The SPDR Consumer Discretionary Select Sector Fund (ARCA:XLY) has returned just under 5%. The company reported fiscal Q2 2025 earnings on Aug 21. I&#39;ll provide some background on the firm&#39;s operations and then review its earnings report and conference call. I&#39;ll close with some outlook of the company.
<h2>Urban Outfitters: Traditional Retail Combined with a Market Differentiator</h2>
Urban Outfitters operates as three reportable segments: Retail, Wholesale, and Nuuly. The company&#39;s retail segment consists of its physical stores and websites through which it directly sells to consumers. Its notable retail store brands are Anthropologie, Free People, and Urban Outfitters.
&nbsp;Anthropologie caters to sophisticated and contemporary women aged 28 to 45, making up 43% of the company&#39;s total revenues in 2023. Free People targets contemporary women aged 25 to 30 and makes up 21% of the firm&#39;s total revenues.
Urban Outfitters targets young adultsF aged 18 to 28 who are &quot;culturally sophisticated, self-expressive, and actively engaged with their peer group.&quot; It made up 26% of the company&#39;s total revenues.
The wholesale segment sells Free People and Urban Outfitters clothing to department stores. It makes up 4.6% of total revenues.
The Nuuly segment is one area where Urban Outfitters differentiates itself considerably compared to massive apparel companies like Nike and Lululemon (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lulu#NASDAQ">LULU</a>). Nuuly offers a subscription service for women&#39;s clothing, allowing customers to rent a variety of clothing pieces.
Customers select products to rent for a month and then send them back to receive new products the next month. The available items stretch beyond the clothes the company makes itself, including third-party and vintage products. The Nuuly segment made up 4.6% of total revenues.
<h2>Urban Outfitters Beats on Headline Number but Shows Underlying Weakness</h2>
Urban Outfitters beat estimates on&nbsp;adjusted earnings per share (EPS) and revenue.&nbsp;Adjusted EPS came in at $1.24, 24% above analyst expectations and an increase of 13% from the past year. Net sales came in at $10 million above analyst expectations at $1.35 billion, 6% above analyst expectations.
Comparable sales for the retail segment increased by 2%. Free People grew by 7.1%, Anthropologie grew by 6.7%, and Urban Outfitters decreased by 9.3%. Nuuly&#39;s sales were impressive. They rose 63% from last year&#39;s quarter, well above expectations.
Despite many positives in the company&#39;s earnings release, a few factors caused the market to react sourly. First, comparable sales at Urban Outfitters stores came in below analysts&#39; expectations.
This isn&#39;t the first time this has happened recently. Urban Outfitters stores&#39; comparable sales dropped 14% in fiscal Q1 2025 and fiscal Q4 2024, as Free People and Anthropologie both saw strong growth.
<h3>Earning&#39;s Call Causes Concern for the Namesake Business</h3>
In the company&#39;s earnings call, executives used dramatic wording about the Urban Outfitters stores. Shea Jensen, President of Urban Outfitters America, said the firm has been reviewing the brand for six months.
She had strong words about that review: &quot;What we have learned is that while there is a great deal of opportunity for improvement, the brand is not fundamentally broken.&quot; It is good that they have ways to improve, but even suggesting the brand might be &quot;fundamentally broken&quot; is alarming.
She noted that through the pandemic, the market saw &quot;rapid and seismic shifts as the generational passage from millennials to Gen Z&quot; occurred. She admitted that the company essentially lost track of how to win their young buyers, causing their customer funnel to erode.
She laid out a five-pillar plan for how the firm intends to restore the business, saying, &quot;Our first step is to understand the Gen-Z customer.&quot; She added that in the firm&#39;s research, they &quot;heard very clearly that customers perceive us as expensive.&quot;
Shares were down nearly 13% in after-hours and premarket trading on Aug. 21 and 22.
<h2>Restoring the UO Brand is Not a Quick Fix</h2>
Overall, the market wants Urban Outfitters to restore its namesake business. That will take a while, especially since the firm says it is just now starting to understand the Gen-Z customer.
Also, the perception that the brand is expensive will weigh it down based on the currently depressed economic sentiment. However, the company can likely restore the brand eventually. Strength in its other segments shows that it is able to market to customers successfully.
The article &quot;<a href="https://www.nasdaq.com/articles/urban-outfitters-stock-dips-can-gen-z-strategy-boost-sales">Urban Outfitters Stock Dips: Can a Gen-Z Strategy Boost Sales?</a>&quot; first appeared on MarketBeat.

U.S. stock futures were higher this morning, with the Dow futures gaining around 150 points on Friday.
Shares of Ubiquiti Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UI#NYSE">UI</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected fourth-quarter sales results.
Ubiquiti reported quarterly earnings of $1.74 per share which beat the analyst consensus estimate of $1.73 per share. The company reported quarterly sales of $507.46 million which missed the analyst consensus estimate of $511.62 million.
Ubiquiti shares dipped 7.6% to $163.22 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) fell 13.5% to $4.09 in pre-market trading as the company reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.</li>
<li>U-BX Technology Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBXG#NASDAQ">UBXG</a>) shares dipped 6.3% to $29.90 in pre-market trading after declining 7% on Thursday.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) shares fell 4.2% to $15.10 in pre-market trading after declining 5% on Thursday.</li>
<li>DouYu International Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) shares declined 2.6% to $17.09 in pre-market trading after declining 6% on Thursday.</li>
<li>Cronos Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRON#NASDAQ">CRON</a>) shares fell 2.6% to $2.25 in pre-market trading.</li>
<li>Medical Properties Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) shares fell 2.2% to $4.44 in pre-market trading. Medical Properties Trust declared a regular quarterly cash dividend of 8 cents per share.</li>
<li>BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) shares declined 2% to $1.59 in pre-market trading after falling 4% on Thursday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40521759/intuit-ross-stores-and-3-stocks-to-watch-heading-into-friday">Intuit, Ross Stores And 3 Stocks To Watch Heading Into Friday</a></li>
</ul>

Ubiquiti, Red Robin And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Telsey Advisory Group analyst Dana Telsey rated Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) to Market Perform from Outperform, lowering the price forecast to $44 from $49, <a target="_blank" href="https://www.benzinga.com/quote/URBN/analyst-ratings" rel="noreferrer noopener">citing the ongoing challenges to the visibility of the stock.</a>
Urban Outfitters reported second-quarter results, where revenue&nbsp;increased 6.3% to $1.35 billion.&nbsp;
The analyst estimates that a lower tax rate relative to the market&#8217;s expectations (23.0% vs. consensus of 24.2%) <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">benefited EPS by $0.02 in the second quarter.</a>
Total Retail segment net sales increased 3.1%, with comparable Retail segment net sales increasing 2% driven by low single-digit positive growth in both digital channel sales and retail store sales.
Telsey noted that the company achieved better-than-expected sales, gross margin, and expense control for the second consecutive quarter. However, the comparable sales miss was disappointing, with all three brands underperforming <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">against market expectations.</a>
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40495521/urban-outfitters-reports-q2-results-strong-eps-record-quarterly-sales" rel="noreferrer noopener">Urban Outfitters Reports Q2 Results: Strong EPS, Record Quarterly Sales</a>
Due to slowing trends and the analyst&#8217;s concerns about increased earnings risk, the price target has been lowered.
Since mid-July through August, Urban Outfitters has experienced a slight slowdown in retail sales, with softer purchasing despite steady traffic, the analyst noted. Nevertheless, overall company sales continue to show positive growth.
Following the second-quarter earnings beat but tempered by adjusted expectations for the latter half of the year, the analyst has slightly increased the FY24 EPS estimate to $3.64 from $3.61, compared to the previous consensus of $3.61 and $3.25 for FY23.
Consequently, the FY25 EPS estimate is raised to $3.93 from $3.90, though it remains below the prior consensus of $3.97.
Price Action: URBN shares are trading lower by 8.18% to $38.09 at last check Thursday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/08/40511947/investors-are-further-confused-on-snowflake-one-analyst-says-they-know-why" target="_blank" rel="noreferrer noopener">Snowflake Investors &#8216;Further Confused&#8217; After Q2 Earnings: One Analyst Says They Know Why</a></li>
</ul>

Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) reported better-than-expected second-quarter <a href="https://www.benzinga.com/news/earnings/24/08/40495521/urban-outfitters-reports-q2-results-strong-eps-record-quarterly-sales">financial results on Wednesday. </a>
Urban Outfitters reported quarterly earnings of $1.24 per share, which beat the analyst consensus estimate of $1.01 by 22.77%. The company announced record quarterly sales of $1.35 billion, which beat the analyst consensus estimate and represents a 6.13% from the same period last year.
"We are pleased to report record second-quarter sales fueled by strength across all three segments — Retail, Nuuly and Wholesale," said Richard A. Hayne, CEO of Urban Outfitters. "Equally impressive, four of our five brands delivered record operating profits during the second quarter."
Urban Outfitters shares fell 8.9% to trade at $37.79 on Thursday.
These analysts made changes to their price targets on Urban Outfitters following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/62a9ca40b9d3b0000138d981/alex-straton">Morgan Stanley analyst Alex Straton</a> maintained Urban Outfitters with an Equal-Weight and cut the price target from $40 to $38.</li>
<li>B of A Securities analyst Lorraine Hutchinson maintained the stock with a Buy and lowered the price target from $52 to $46.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5888c53977f9dd0001877a22/dana-telsey">Telsey Advisory Group analyst Dana Telsey</a> downgraded Urban Outfitters from Outperform to Market Perform and lowered the price target from $49 to $44.</li>
<li>BMO Capital analyst Simeon Siegel maintained the stock with a Market Perform and lowered the price target from $42 to $39.</li>
<li>J<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6054b39f8b5009000114d44f/corey-tarlowe">efferies analyst Corey Tarlowe</a> maintained Urban Outfitters with an Underperform and lowered the price target from $35 to $34.</li>
<li>Barclays analyst Adrienne Yih maintained the stock with an Overweight and cut the price target from $52 to $43.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587781dd5064ed0001730070/ike-boruchow">Wells Fargo analyst Ike Boruchow</a> maintained Urban Outfitters with an Equal-Weight and lowered the price target from $48 to $40.</li>
</ul>
Considering buying URBN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="514" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22115210/image-199-1024x514.png" alt="" class="wp-image-509048" style="width:536px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22115210/image-199-1024x514.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22115210/image-199-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22115210/image-199-768x385.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22115210/image-199.png 1310w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

These Analysts Slash Their Forecasts On Urban Outfitters Following Q2 Results

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Keybanc analyst Jackson Ader downgraded the rating for Sprout Social, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPT#NASDAQ">SPT</a>) from Sector Weight to Underweight and announced a price target of $28. Sprout Social shares fell 0.2% to close at $33.92 on Wednesday. <a href="https://www.benzinga.com/quote/SPT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group analyst Dana Telsey downgraded Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) from Outperform to Market Perform and slashed the price target from $49 to $44. Urban Outfitters shares gained 3.1% to close at $41.48 on Wednesday. <a href="https://www.benzinga.com/quote/URBN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup analyst Paul Lejuez downgraded the rating for The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) from Buy to Neutral and raised the price target from $110 to $128. TJX shares gained 6.1% to close at $120.23 on Wednesday. <a href="https://www.benzinga.com/quote/TJX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital analyst Michael Zaremski downgraded Goosehead Insurance, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) from Outperform to Market Perform and maintained the price target of $90. Goosehead Insurance shares gained 0.4% to settle at $82.66 on Wednesday. <a href="https://www.benzinga.com/quote/GSHD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler analyst John Barnidge downgraded the rating for Assurant, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIZ#NYSE">AIZ</a>) from Overweight to Neutral and maintained the price target of $200. Assurant shares gained 0.02% to close at $189.83 on Wednesday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/AIZ/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying CSCO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="518" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22092947/image-196-1024x518.png" alt="" class="wp-image-508730" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22092947/image-196-1024x518.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22092947/image-196-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22092947/image-196-768x388.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22092947/image-196.png 1325w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40506247/ibm-is-doing-a-great-job-jim-cramer-says-but-dont-buy-this-real-estate-stock">IBM Is Doing A &#8216;Great Job,&#8217; Jim Cramer Says — But Don&#8217;t Buy This Real Estate Stock</a></li>
</ul>

GSHD

This Urban Outfitters Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Wells Fargo analyst Ike Boruchow maintains Urban Outfitters (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) with a Equal-Weight and lowers the price target from $48 to $40.

Wells Fargo Maintains Equal-Weight on Urban Outfitters, Lowers Price Target to $40

Barclays analyst Adrienne Yih maintains Urban Outfitters (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) with a Overweight and lowers the price target from $52 to $43.

Barclays Maintains Overweight on Urban Outfitters, Lowers Price Target to $43

Jefferies analyst Corey Tarlowe maintains Urban Outfitters (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) with a Underperform and lowers the price target from $35 to $34.

Jefferies Maintains Underperform on Urban Outfitters, Lowers Price Target to $34

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Evercore ISI Group raised the price target for Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) from $78 to $80. Evercore ISI Group analyst Greg Melich maintained an Outperform rating. Walmart shares gained 0.9% to close at $75.24 on Wednesday. <a href="https://www.benzinga.com/quote/WMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer raised the price target for Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) from $157 to $168. Oppenheimer analyst Tyler Batory maintained an Outperform rating. Toll Brothers shares gained 5.6% to close at $141.03 on Wednesday. <a href="https://www.benzinga.com/quote/tol/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised EastGroup Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) price target from $158 to $186. Morgan Stanley analyst Stephen Byrd maintained an Equal-Weight rating. EastGroup Properties shares gained 0.8% to close at $184.67 on Wednesday. <a href="https://www.benzinga.com/quote/EGP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo boosted the price target for SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) from $19 to $29. Wells Fargo analyst Andrew Nowinski upgraded the stock from Equal-Weight to Overweight. SentinelOne shares gained 2.3% to close at $24.56 on Wednesday. <a href="https://www.benzinga.com/quote/S/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. lowered Cocrystal Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COCP#NASDAQ">COCP</a>) price target from $10 to $7. HC Wainwright &amp; Co. analyst Raghuram Selvaraju maintained a Buy rating. Cocrystal Pharma shares closed at $1.91 on Wednesday. <a href="https://www.benzinga.com/quote/COCP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup raised The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) price target from $110 to $128. Citigroup analyst Paul Lejuez downgraded the stock from Buy to Neutral. TJX shares gained 6.1% to close at $120.23 on Wednesday.<a href="https://www.benzinga.com/quote/TJX/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>BMO Capital decreased the price target for Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) from $42 to $39. BMO Capital analyst Simeon Siegel maintained a Market Perform rating. Urban Outfitters shares gained 3.1% to close at $41.48 on Wednesday. <a href="https://www.benzinga.com/quote/URBN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) price target from $165 to $152. Baird analyst William Power maintained an Outperform rating. Snowflake shares gained 2.4% to close at $135.06 on Wednesday. <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group cut Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) price target from $21 to $17. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating. Macy&#8217;s shares fell 12.9% to close at $15.45 on Wednesday. <a href="https://www.benzinga.com/quote/M/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird slashed Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) price target from $84 to $77. Baird analyst William Power maintained an Outperform rating. Zoom Video shares gained 1.9% to close at $60.23 on Wednesday. <a href="https://www.benzinga.com/quote/ZM/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40501259/s-p-500-nasdaq-surge-after-fed-minutes-point-to-likely-rate-cut-in-september-fear-greed-index-remai">S&amp;P 500, Nasdaq Surge After Fed Minutes Point To Likely Rate Cut In September: Fear &amp; Greed Index Remains In &#8216;Neutral&#8217; Zone</a></li>
</ul>

Pre-Market Outlook

COCP

SNOW

Toll Brothers To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday

U.S. stock futures were slightly higher this morning, with the S&amp;P 500 futures gaining around 0.1% on Thursday.
Shares of Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) fell sharply in today's pre-market trading following<a href="https://www.benzinga.com/news/earnings/24/08/40495521/urban-outfitters-reports-q2-results-strong-eps-record-quarterly-sales"> second-quarter results.</a>
Urban Outfitters reported quarterly earnings of $1.24 per share, which beat the analyst consensus estimate of $1.01 per share. The company announced record quarterly sales of $1.35 billion, which beat the analyst consensus estimate.
Urban Outfitters shares dipped 11% to $36.94 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) shares dipped 12.1% to $12.80 in pre-market trading following second-quarter results.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares fell 10% to $121.54 in pre-market trading after reporting second-quarter results.</li>
<li>Lufax Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) shares declined 8.8% to $2.49 in pre-market trading following quarterly results.</li>
<li>Allego N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLG#NYSE">ALLG</a>) shares fell 6.8% to $1.90 in pre-market trading.</li>
<li>Aegon Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) shares declined 6.1% to $6.05 in pre-market trading following H1 operating results.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) shares fell 5.8% to $87.19 in pre-market trading following weak quarterly sales.</li>
<li>BW LPG Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWLP#NYSE">BWLP</a>) declined 5.3% to $14.98 in pre-market trading following quarterly results.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40501259/s-p-500-nasdaq-surge-after-fed-minutes-point-to-likely-rate-cut-in-september-fear-greed-index-remai">S&amp;P 500, Nasdaq Surge After Fed Minutes Point To Likely Rate Cut In September: Fear &amp; Greed Index Remains In &#8216;Neutral&#8217; Zone</a></li>
</ul>

ALLG

BWLP

CSIQ

NTES

Urban Outfitters Reports Q2 Earnings Results, Joins Snowflake And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

BMO Capital analyst Simeon Siegel maintains Urban Outfitters (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) with a Market Perform and lowers the price target from $42 to $39.

BMO Capital Maintains Market Perform on Urban Outfitters, Lowers Price Target to $39

Telsey Advisory Group analyst Dana Telsey downgrades Urban Outfitters (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) from Outperform to Market Perform and lowers the price target from $49 to $44.

Telsey Advisory Group Downgrades Urban Outfitters to Market Perform, Lowers Price Target to $44

B of A Securities analyst Lorraine Hutchinson maintains Urban Outfitters (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) with a Buy and lowers the price target from $52 to $46.

B of A Securities Maintains Buy on Urban Outfitters, Lowers Price Target to $46

WIIM

Urban Outfitters shares are trading lower. The company reported Q2 financial results.

Morgan Stanley analyst Alex Straton maintains Urban Outfitters (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) with a Equal-Weight and lowers the price target from $40 to $38.

Morgan Stanley Maintains Equal-Weight on Urban Outfitters, Lowers Price Target to $38

Index futures trading point to a slightly positive start on Thursday, with some key Main Street data likely directing the market. Sentiment could remain guarded as traders look ahead to the 3-day Jackson Hole Symposium that kickstarts on Thursday, with Federal Reserve Chairman Jerome Powell delivering his address on Friday. Earnings news has been mixed. With traders baking in a September rate cut, the near-term catalyst is likely to be Nvidia, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) earnings due next week.
&#8220;Move over, Fed, it's all about Nvidia's earnings on August 28th. The waiting is the hardest part,&#8221; said Gina Bolvin, President of Bolvin Wealth Management Group.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.07%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.06%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.07%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.20%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 0.16% to $561.50, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.18% to $483.38, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session: 
U.S. stocks ended Wednesday&#8217;s session higher, rebounding from the previous session&#8217;s slide, as traders relished the dovish message from the Federal Open Market Committee&#8217;s July meeting minutes and the Bureau of Labor Statistics&#8217; annual revision taking down the non-farm payroll numbers sharply.
The Nasdaq Composite and the S&amp;P 500 Index stayed mostly above the unchanged line, while the Dow Jones Industrial Average was relatively more volatile. All three closed firmly in the green. Small-caps outperformed the major indices, with the Russell 2,000 advancing 1.32%.
The S&amp;P 500 is now closing in on its all-time high of 5,667.20 hit on July 16 and the Nasdaq Composite ended at its highest levels since July 17.
Most S&amp;P 500 sectors, baring energy and financials, ended higher for the day, with consumer discretionary and material stocks seeing particular strength.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.57%</td>
<td>17,918.99</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.42%</td>
<td> 5,620.85</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.14%</td>
<td>40,890.49</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.32%</td>
<td>2,170.56</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
In a report released ahead of BLS&#8217; annual revision, Morgan Stanley&#8217;s Lisa Shalett said Wall Street analysts' current profit estimates appear ambitious, calling for accelerating and double-digit growth rates over the next six quarters, even as margins are already near record highs.
She said slowing nominal GDP will hurt companies&#8217; pricing power and profitability, adding that gains from falling costs and the advantages of a strong U.S. dollar may also fade. If companies choose to cut labor, in response, and job losses rise significantly, it could put the soft landing at risk, she added.
Carson Group&#8217;s Ryan Detrick noted that the S&amp;P 500 Index has been above the 200-day moving average for more than 200 days now. This has happened three times in the past and on those three instances, the index stayed above the 200-day MA for another 277 days, 242 days, and 195 days, he said. &#8220;If you are bearish b/c this is a long rally, be careful,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">S&amp;P 500 above the 200-day MA for more than 200 days (ok 201 to be exact). Sounds like a lot, right? Past 3 times it got to 200 days it stayed above for another 277 days, 242 days, and 195 days. In other words, if you are bearish b/c this is a long rally, be careful. <a href="https://t.co/43AgD1RQUD">pic.twitter.com/43AgD1RQUD</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1826462026203308204?ref_src=twsrc%5Etfw">August 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data
<ul>
<li>The Labor Department is scheduled to release the weekly jobless claims report at 8:30 a.m. EDT. Economists, on average, expect the number of individuals claiming unemployment benefits to come in at 230,000 for the week ended Aug. 17, up from 227,000 in the previous reporting week.</li>
<li>S&amp;P Global will release its flash manufacturing and service sector purchasing managers&#8217; indices for August at 9:45 a.m. EDT. The consensus estimates call for the manufacturing PMI to edge down from 49.6 in July to 49.5 in August, and the service PMI is expected at 54 for August, down from 55 in July.</li>
<li>The National Association of Realtors is due to release the existing home sales report for July at 10 a.m. EDT. Existing home sales may have come in at a seasonally adjusted annual rate of 3.94 million units for July, up from June&#8217;s 3.89 million units.</li>
<li>The Treasury will auction four- and eight-week notes at 11:30 a.m. EDT and 30-year TIPS at 1 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures </a>
Stocks In Focus:
<ul>
<li>Agilent Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>) rose over 2% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results announcement. </li>
<li>Among the other stocks moving on earnings are Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) (down over 10%), Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) )down over 9%), Zuora, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZUO#NYSE">ZUO</a>) (up over 7.50%), Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) (up over 8%), Synopsys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) (up over 2%), and Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) (up over 3.50%).</li>
<li>Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>), Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>), NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>), BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>), Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>), Peloton Interactive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) and Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies due to release their quarterly results</a> before the market opens.</li>
<li>Those reporting earnings after the close include BILL Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>), CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) and Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>).</li>
<li>Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) <a href="https://www.benzinga.com/markets/equities/24/08/40500034/charles-schwab-shares-drop-over-4-after-hours-as-td-bank-cuts-stake-following-2-6b-anti-money-la">slipped over 4% </a>after Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) sold shares in the former to provision for $2.6 billion in potential fines from U.S. regulators.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose marginally, while gold futures slipped further away from their record high. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose following the FOMC minutes and approached the $61K level and the yield on the 10-year Treasury note rose 4.2 basis points to 3.818%.
The Asian markets had a mixed session, while European stocks were higher in early trading on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40501889/nvidia-stock-to-surge-to-340-in-medium-term-portfolio-manager-sees-strong-rally-int">Nvidia Stock To Surge To $340 In Medium Term? Portfolio Manager Sees Strong Rally Interspersed By 35-80% Pullbacks</a></li>
</ul>
Photo via Shutterstock

Futures

Previews

Economics

Federal Reserve

$BTC

BIDU

BILI

BILL

CAVA

INTU

NVDA

PTON

ROST

SCHW

SNPS

WDAY

WOLF

US Stocks Poised For Tepid Start Ahead Of Private Sector Activity Data And Jackson Hole Symposium: Analyst Says Market Is Focused On Nvidia Earnings And 'Waiting Is The Hardest Part'

Shares of Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares gained 8.2% to $14.62 in pre-market trading after the company <a href="https://www.benzinga.com/news/earnings/24/08/40495824/wolfspeed-stock-climbing-despite-worse-than-expected-q4-fy24-results">reported its fourth-quarter financial results.</a>
Wolfspeed reported quarterly losses of 89 cents per share, missing the consensus estimate of losses of 84 cents per share, and revenue of $200.7 million for the quarter, also missing the Street estimate. Fiscal-year losses of $2.59 per share and full-year revenue of $807.2 million both missed the analyst consensus estimates, as well.
Wolfspeed shares jumped 8.2% to $14.62 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Staffing 360 Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) rose 113.5% to $2.52 in today's pre-market trading after dipping around 15% on Wednesday.</li>
<li>Mobix Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) gained 90.8% to $1.68 in pre-market trading after reporting results for the third quarter.</li>
<li>Beneficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) gained 37.5% to $3.18 in pre-market trading.</li>
<li>Guardion Health Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GHSI#NASDAQ">GHSI</a>) shares rose 28% to $11.58 in pre-market trading after the company announced its declared a $5 per share dividend.</li>
<li>GD Culture Group Limited  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDC#NASDAQ">GDC</a>) gained 22.2% to $4.79 in pre-market trading. GD Culture Group shares jumped 128% on Wednesday after the company announced that it launched its TikTok account.</li>
<li>Roma Green Finance Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROMA#NASDAQ">ROMA</a>) gained 15.5% to $0.59 in pre-market trading after declining over 10% on Wednesday.</li>
<li>Kindly MD Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDLY#NASDAQ">KDLY</a>) gained 13.8% to $1.97 in pre-market trading.</li>
<li>Quantum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) gained 13.1% to $0.2488 in pre-market trading.</li>
<li>Clover Health Investments, Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOV#NASDAQ">CLOV</a>) climbed 8.6% to $3.80 in pre-market trading after jumping 13% on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Revelation Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REVB#NASDAQ">REVB</a>) shares fell 30.6% to $1.45 in pre-market trading after the company announced exercise of warrants for $3.8 million in gross proceeds.</li>
<li>Virax Biolabs Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAX#NASDAQ">VRAX</a>) shares declined 20.5% to $5.09 in pre-market trading after the company announced a $5 million registered direct offering of 1,108,892 common shares at $4.50/share.</li>
<li>Notable Labs, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTBL#NASDAQ">NTBL</a>) declined 18.2% to $0.4664 in pre-market trading. The company announced progress for its Phase 2 volasertib program.</li>
<li>Galmed Pharmaceuticals Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLMD#NASDAQ">GLMD</a>) fell 17.4% to $0.3550 in today's pre-market trading after surging 42% on Wednesday.</li>
<li>Thunder Power Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIEV#NASDAQ">AIEV</a>) fell 15.8% to $0.61 in pre-market trading after the company entered into $100 million committed equity facility.</li>
<li>Santech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) fell 13.2% to $0.3780 in pre-market trading.</li>
<li>InMed Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INM#NASDAQ">INM</a>) shares dipped 12.1% to $0.3690 in pre-market trading.</li>
<li>Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) shares declined 11% to $36.94 in pre-market trading following second-quarter results.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares fell 10% to $121.54 in pre-market trading after reporting second-quarter results</li>
<li>NextPlat Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPL#NASDAQ">NXPL</a>) shares fell 8.2% to $1.06 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40501259/s-p-500-nasdaq-surge-after-fed-minutes-point-to-likely-rate-cut-in-september-fear-greed-index-remai">S&amp;P 500, Nasdaq Surge After Fed Minutes Point To Likely Rate Cut In September: Fear &amp; Greed Index Remains In &#8216;Neutral&#8217; Zone</a></li>
</ul>

AIEV

BENF

CLOV

GHSI

GLMD

KDLY

MOBX

NTBL

NXPL

QMCO

REVB

ROMA

STAF

STEC

VRAX

Why Wolfspeed Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket

Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) reported better-than-expected second-quarter financial results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/08/g40493999/urbn-reports-record-q2-sales">key figures from the quarter.  </a>
The Details: Urban Outfitters reported quarterly earnings of $1.24 per share, which beat the analyst consensus estimate of $1.01 by 22.77%. The company announced record quarterly sales of $1.35 billion, which beat the analyst consensus estimate and represents a 6.13% from the same period last year.
<ul>
<li>Total Retail segment net sales increased 3.1%, with comparable Retail segment net sales increasing 2% driven by low single-digit positive growth in both digital channel sales and retail store sales.</li>
<li>Comparable Retail segment net sales increased 7.1% at Free People and 6.7% at Anthropologie and decreased 9.3% at Urban Outfitters.&nbsp;</li>
<li>Nuuly segment net sales increased by 62.6% primarily driven by a 55% increase in average active subscribers in the current quarter versus the prior year quarter.&nbsp;</li>
<li>Wholesale segment net sales increased 15.1% driven by a 17.5% increase in Free People wholesale sales due to an increase in sales to department stores and specialty customers, partially offset by a decrease in Urban Outfitters wholesale sales.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/news/24/08/40491921/whats-going-on-with-trump-media-technology-stock">What&#8217;s Going On With Trump Media &amp; Technology Stock?</a>
&#8220;We are pleased to report record second-quarter sales fueled by strength across all three segments — Retail, Nuuly and Wholesale,&#8221; said Richard A. Hayne, CEO of Urban Outfitters. &#8220;Equally impressive, four of our five brands delivered record operating profits during the second quarter.&#8221; 
URBN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Urban Outfitters shares are down 4.27% after-hours at $39.71 after gaining 3.08% in regular trading Wednesday.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40487425/why-smart-for-life-stock-is-soaring">Why Smart For Life Stock Is Soaring</a></li>
</ul>
Photo: Courtesy of Urban Outfitters, Inc.

After-Hours Center

Urban Outfitters Reports Q2 Results: Strong EPS, Record Quarterly Sales

Financial giants have made a conspicuous bearish move on Urban Outfitters. Our analysis of options history for Urban Outfitters (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $360,904, and 4 were calls, valued at $336,755.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $37.0 and $43.0 for Urban Outfitters, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Urban Outfitters's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Urban Outfitters's whale trades within a strike price range from $37.0 to $43.0 in the last 30 days. 
<h3>Urban Outfitters Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724271350_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>URBN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$2.05</td>
<td>$2.05</td>
<td>$2.05</td>
<td>$42.00</td>
<td>$163.9K</td>
<td style="text-align: right;">48</td>
<td style="text-align: right;">80</td>
</tr>
<tr>
<td>URBN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/23/24</td>
<td>$1.6</td>
<td>$1.55</td>
<td>$1.6</td>
<td>$40.00</td>
<td>$107.3K</td>
<td style="text-align: right;">172</td>
<td style="text-align: right;">683</td>
</tr>
<tr>
<td>URBN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$43.00</td>
<td>$102.0K</td>
<td style="text-align: right;">820</td>
<td style="text-align: right;">361</td>
</tr>
<tr>
<td>URBN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.35</td>
<td>$2.3</td>
<td>$2.35</td>
<td>$41.00</td>
<td>$86.7K</td>
<td style="text-align: right;">96</td>
<td style="text-align: right;">480</td>
</tr>
<tr>
<td>URBN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.0</td>
<td>$1.85</td>
<td>$2.0</td>
<td>$37.00</td>
<td>$76.4K</td>
<td style="text-align: right;">553</td>
<td style="text-align: right;">540</td>
</tr>
</tbody>
</table>

<h3>About Urban Outfitters</h3>
Founded in 1970, Philadelphia-based Urban Outfitters is an apparel and home goods retailer that operates more than 700 stores and e-commerce in the United States (87.5% of fiscal 2024 sales) and other regions. Its retail nameplates are Urban Outfitters, Free People, FP Movement, and Anthropologie. Retail accounted for 91% of fiscal 2024 revenue, but the firm also sells products through a wholesale operation, owns some restaurants, and operates a clothing rental and resale business called Nuuly (5% of sales). Urban Outfitters primarily markets to young adults and offers products in categories such as apparel (66% of sales), home goods (16% of sales), accessories (13% of sales), and more.
In light of the recent options history for Urban Outfitters, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Urban Outfitters Standing Right Now?</h3>
<ul>
<li>With a volume of 3,569,053, the price of URBN is up 3.08% at $41.48. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 0 days.</li>
</ul>
<h3>What Analysts Are Saying About Urban Outfitters</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $49.0.
<ul>
<li>An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Urban Outfitters, which currently sits at a price target of $49. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Urban Outfitters with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Urban Outfitters Unusual Options Activity

Urban Outfitters shares are trading higher following better-than-expected Q2 financial results.

BMO Capital analyst Simeon Siegel has maintained their neutral stance on URBN stock, giving a Hold rating today. Simeon Siegel's rating is based on...

Urban Outfitters: A Mixed Financial Performance with Caution Ahead

Urban Outfitters continues losing ground as Q3 guidance disappoints, sees uncertainty ahead

16 out of 21 companies reporting yesterday opened down - here is the list

Urban Outfitters Q2: Nuuly's Growth Is Exciting (Rating Upgrade)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Urban Outfitters (NASDAQ:<a href="https://investorplace.com/stock-quotes/urbn-stock-quote/">URBN</a>) just reported results for the second quarter of 2025.<ul><li>Urban Outfitters reported earnings per share of $1.24. This was above the analyst estimate for EPS of $1.00.</li><li>The company reported revenue of $1.35 billion.</li><li>This was 0.90% better than the analyst estimate for revenue of $1.34 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	The post <a href="https://investorplace.com/earning-results/2024/08/urbn-stock-earnings-urban-outfitters-for-q2-of-2025/">URBN Stock Earnings: Urban Outfitters Beats EPS, Beats Revenue for Q2 2025</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

URBN Stock Earnings: Urban Outfitters Beats EPS, Beats Revenue for Q2 2025

Gold Hits Record High As Dollar Slides Further; Powell Says Time For Policy Adjustment

Urban Outfitters ($URBN) has shown promising growth in the second quarter, with a notable focus on profitability. Despite operating costs exceeding...

Urban Outfitters (URBN) Shows Promising Growth Despite Slowdown in Sales

Abercrombie & Fitch: A Classic Market Overreaction

Victoria's Secret & Co. ($VSCO), the iconic retailer of women's apparel, has seen its stock surge roughly 40% in the past month on the news of the ...

Victoria's Secret (VSCO) Appoints New CEO and Sees its Shares Surge

Christmas is coming early this year, as retailers face economic worries, late Thanksgiving

ACTV

AFMC

AFSM

AMZN

ARKK

AVUV

BAPR

BMVP

BURL

DEUS

EQAL

FLQM

FSCS

FSMD

FTDS

GLTR

GOVZ

GRPM

IMCB

IVOO

IVOV

JHMM

JPME

LANC

LGOV

MAGS

NDSN

ONEO

OSIS

OUNZ

PTMC

REGL

SCHM

SCHQ

SGOL

SIVR

SPMD

SPTL

TBJL

TFJL

USMF

VFMF

VFMV

VFQY

VGLT

VSCO

XMHQ

ZROZ

Press Releases

URBN Reports Record Sales and a 120% Increase in EPS

Small Cap

Opinion

Thinking about buying stock in AT&T, Devon Energy, DraftKings, Trip.com, or Urban Outfitters?

URBN Reports Record Holiday Sales and Personnel Update

URBN Reports Record Q4 Sales and Strong Earnings Growth

Thinking about buying stock in Ibio, Village Farms International, MariaDB, Nexgel, or Urban Outfitters ?

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Urban Outfitters

Urban Outfitters (URBN) Forecast

Urban Outfitters (NASDAQ:URBN) Stock, Quote.Headers.trade-ideas