Hip to be a hipster: Urban Outfitters soars
August 21, 2012: 12:19 PM ET
Urban Outfitters (URBN) is certainly making a statement with its stellar earnings report.
The hipster retailer, which operates under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands, earned $61 million, or 42 cents a share, in the latest quarter. And total sales jumped 11% to $676 million.
Analysts piled on with the kudos. At least three raised their price targets and two issued upgrades.
But StockTwits users weren't as euphoric.
BaselineAce:$URBN Meant to short this earlier today - this company is not going to be around in 10 years
NAPManagement: Im impressed with $URBN but I still think this whole Anthro thing is going to come around and bite them in the a$$ eventually
That may be true, but for now, Urban Outfitters has managed to get itself on the turnaround train.
sn0wman: the problem i have with $URBN is it's so overpriced. i know this model works, but it's just hard to believe that people spend $ at $URBN.
The perfect price point is a tough thing to get right but Urban Outfitters has done a good job of managing its stock (and I don't mean Wall Street).
retail_guru:Urban : the most upbeat stat here in Q2 is that inventories are finally under control down 5% comp basis vs +8% after Q1 $URBN
lamonicabuzz: Hipsters unite! And buy ironic T-shirts! Urban Outfitters earnings and sales top forecasts.$URBN up 15% after hours.
