Urban Outfitters Inc. (NASDAQ:URBN) – Equities research analysts at Oppenheimer Holdings dropped their Q4 2017 earnings estimates for Urban Outfitters in a research report issued on Tuesday. Oppenheimer Holdings analyst A. Andreeva now anticipates that the firm will post earnings per share of $0.65 for the quarter, down from their previous estimate of $0.75. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Urban Outfitters’ Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.42 EPS and Q4 2018 earnings at $0.71 EPS.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by $0.04. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The business earned $862.50 million during the quarter. During the same period last year, the business posted $0.42 EPS. Urban Outfitters’s revenue was up 4.5% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: This piece of content was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/26/urban-outfitters-inc-urbn-forecasted-to-post-q4-2017-earnings-of-0-65-per-share.html.

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

Other analysts also recently issued research reports about the stock. Wolfe Research raised shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and increased their price objective for the company from $36.00 to $43.00 in a research report on Wednesday, September 7th. Vetr raised shares of Urban Outfitters from a “sell” rating to a “hold” rating and set a $35.42 price objective for the company in a research report on Thursday. Wedbush reaffirmed a “neutral” rating and issued a $34.00 price objective on shares of Urban Outfitters in a research report on Friday. Piper Jaffray Cos. reaffirmed a “fair value” rating and issued a $42.00 price objective (up previously from $32.00) on shares of Urban Outfitters in a research report on Wednesday, August 17th. Finally, Stifel Nicolaus increased their price objective on shares of Urban Outfitters from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Twenty-two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $35.79.

Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Friday. Urban Outfitters has a 52 week low of $20.06 and a 52 week high of $40.80. The firm has a market capitalization of $3.93 billion, a PE ratio of 17.28 and a beta of 0.69. The firm has a 50-day moving average of $35.15 and a 200 day moving average of $31.98.

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of Urban Outfitters by 26.7% in the first quarter. Renaissance Technologies LLC now owns 340,100 shares of the apparel retailer’s stock worth $11,254,000 after buying an additional 71,700 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Urban Outfitters during the first quarter worth $1,162,000. Adage Capital Partners GP L.L.C. bought a new position in shares of Urban Outfitters during the first quarter worth $4,308,000. Envestnet Asset Management Inc. boosted its position in shares of Urban Outfitters by 40.2% in the first quarter. Envestnet Asset Management Inc. now owns 53,492 shares of the apparel retailer’s stock worth $1,770,000 after buying an additional 15,337 shares in the last quarter. Finally, Babson Capital Management LLC bought a new position in shares of Urban Outfitters during the first quarter worth $717,000. 74.17% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/26/urban-outfitters-inc-urbn-forecasted-to-post-q4-2017-earnings-of-0-65-per-share.html.

In related news, General Counsel Azeez Hayne sold 6,260 shares of Urban Outfitters 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 at this link. 24.30% of the stock is owned by corporate insiders.

About Urban Outfitters

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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