Urban Outfitters Inc. (NASDAQ:URBN) – Equities research analysts at FBR & Co upped their Q3 2017 earnings per share estimates for Urban Outfitters in a research note issued on Monday. FBR & Co analyst S. Anderson now forecasts that the brokerage will post earnings per share of $0.41 for the quarter, up from their previous forecast of $0.36. FBR & Co currently has a “Market Perform” rating and a $31.00 target price on the stock.

A number of other brokerages have also recently commented on URBN. Citigroup Inc. upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley cut shares of Urban Outfitters from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $36.00 to $39.00 in a research note on Thursday. Deutsche Bank AG increased their price target on shares of Urban Outfitters from $28.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, July 25th. Nomura increased their price target on shares of Urban Outfitters from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 17th. Finally, Stifel Nicolaus increased their price target on shares of Urban Outfitters from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.12.

Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

Shares of Urban Outfitters (NASDAQ:URBN) opened at 39.12 on Wednesday. Urban Outfitters has a 12 month low of $19.26 and a 12 month high of $40.80. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 20.14 and a beta of 0.69. The stock’s 50 day moving average is $34.87 and its 200 day moving average is $31.65.

Urban Outfitters (NASDAQ:URBN) last issued its earnings results on Tuesday, August 16th. The apparel retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.10. Urban Outfitters had a net margin of 6.63% and a return on equity of 19.57%. The business had revenue of $890.57 million for the quarter, compared to analyst estimates of $886.39 million. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue was up 2.7% on a year-over-year basis.

In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $39.95, for a total value of $250,087.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Frank Conforti sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $37.42, for a total value of $149,680.00. Following the completion of the transaction, the chief financial officer now directly owns 4,000 shares in the company, valued at $149,680. The disclosure for this sale can be found here. Insiders own 24.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in URBN. Advantus Capital Management Inc boosted its position in shares of Urban Outfitters by 1.4% in the second quarter. Advantus Capital Management Inc now owns 8,387 shares of the apparel retailer’s stock valued at $231,000 after buying an additional 113 shares during the last quarter. People s United Financial Inc. boosted its position in Urban Outfitters by 0.8% in the third quarter. People s United Financial Inc. now owns 23,459 shares of the apparel retailer’s stock worth $810,000 after buying an additional 180 shares during the last quarter. State Treasurer State of Michigan boosted its position in Urban Outfitters by 0.7% in the second quarter. State Treasurer State of Michigan now owns 30,119 shares of the apparel retailer’s stock worth $828,000 after buying an additional 200 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Urban Outfitters by 0.3% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 74,289 shares of the apparel retailer’s stock worth $2,564,000 after buying an additional 255 shares during the last quarter. Finally, Aperio Group LLC boosted its position in Urban Outfitters by 3.0% in the third quarter. Aperio Group LLC now owns 8,980 shares of the apparel retailer’s stock worth $310,000 after buying an additional 258 shares during the last quarter. 73.56% of the stock is currently owned by institutional investors and hedge funds.

Urban Outfitters Company Profile

Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

5 Day Chart for NASDAQ:URBN

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