Urban Outfitters (NASDAQ:URBN) on Wednesday posted mixed results for the second quarter.

The company posted second-quarter adjusted earnings of $1.72 per share, missing market estimates of $1.73 per share. The company’s sales came in at $1.662 billion versus estimates of $1.635 billion.

“We are pleased to report our highest adjusted profit quarter in Company history, marking our eighth consecutive quarter of record sales and profits. These results were driven by positive Retail segment ‘comps’ at every brand and continued double-digit growth in our Wholesale and Subscription segments,” said Richard A. Hayne, Chief Executive Officer. “Our customers continue to respond favorably to our fashion assortments. This gives us confidence in URBN’s ongoing success.”

Urban Outfitters shares fell 4.6% to trade at $79.11 on Thursday.

These analysts made changes to their price targets on Urban Outfitters following earnings announcement.

  • Wells Fargo analyst Ike Boruchow maintained the stock with an Equal-Weight rating and raised the price target from $75 to $80.
  • UBS analyst Jay Sole maintained the stock with a Neutral and raised the price target from $80 to $82.

Considering buying URBN stock? Here’s what analysts think:

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