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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.

Investors continued to snap up shares of Urban Outfitters Tuesday. The stock surged nearly 18% and is up more than 30% over the past three months.

Other "hip" retailers jumped on the bandwagon. Shares of Abercrombie & Fitch (ANF) and Aeropostale (ARO) rose between 1% and 3% Tuesday.
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Catherine Tymkiw
Catherine Tymkiw
News Editor CNNMoney

Catherine Tymkiw is a news editor at CNNMoney where she helps oversee breaking news coverage and futures planning. Previously, she was the investing editor. Prior to joining CNNMoney, she was the online editor at Crain's New York Business and has nearly two decades of reporting and editing experience. She tweets @ctymkiwcnn

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Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
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