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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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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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