Urban Outfitters surges after Q3 sales, profit beat

Shares of apparel retailer Urban Outfitters up 18.6% at $81 premarket

Reports Q3 net sales of $1.53 billion, beats estimates of $1.47 billion - data compiled by LSEG

Also reports Q3 EPS of $1.28 vs expectations of $1.20

At least four brokerages raise PT following results

URBN’s investments in own brands, marketing and store expansion are expected to drive holiday sales and help the retailer capture more market share, say Jefferies analysts

Up to last close, stock up ~25% YTD