Urban Outfitters Inc. (NASDAQ:URBN) – Equities research analysts at Wedbush lowered their FY2017 earnings per share (EPS) estimates for shares of Urban Outfitters in a research note issued to investors on Wednesday. Wedbush analyst M. Brown now anticipates that the brokerage will post earnings per share of $1.96 for the year, down from their prior forecast of $2.09. Wedbush has a “Neutral” rating and a $34.00 price objective on the stock. Wedbush also issued estimates for Urban Outfitters’ Q4 2017 earnings at $0.66 EPS, Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.73 EPS, FY2018 earnings at $2.12 EPS and FY2019 earnings at $2.32 EPS.

Urban Outfitters (NASDAQ:URBN) last posted its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.04. The business earned $862.50 million during the quarter. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS.

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

Several other analysts also recently commented on URBN. Nomura increased their price objective on shares of Urban Outfitters from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, August 17th. 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. Jefferies Group reissued a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of Urban Outfitters in a research report on Friday, September 2nd. Cowen and Company set a $37.00 target price on shares of Urban Outfitters and gave the company a “hold” rating in a research note on Thursday. Finally, Robert W. Baird upped their target price on shares of Urban Outfitters from $33.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Twenty-two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $35.79.

Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Friday. The stock has a 50 day moving average of $35.15 and a 200 day moving average of $31.98. The stock has a market cap of $3.93 billion, a P/E ratio of 17.28 and a beta of 0.69. Urban Outfitters has a 1-year low of $20.06 and a 1-year high of $40.80.

Several large investors have recently modified their holdings of the company. Emerald Advisers Inc. PA raised its stake in shares of Urban Outfitters by 286.2% in the second quarter. Emerald Advisers Inc. PA now owns 661,805 shares of the apparel retailer’s stock worth $18,200,000 after buying an additional 490,430 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Urban Outfitters by 25.5% in the second quarter. Meeder Asset Management Inc. now owns 32,918 shares of the apparel retailer’s stock worth $906,000 after buying an additional 6,685 shares during the last quarter. GW&K Investment Management LLC raised its stake in shares of Urban Outfitters by 18.1% in the second quarter. GW&K Investment Management LLC now owns 404,123 shares of the apparel retailer’s stock worth $11,113,000 after buying an additional 62,027 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Urban Outfitters during the second quarter worth $9,815,000. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Urban Outfitters during the first quarter worth $1,162,000. Institutional investors and hedge funds own 74.17% of the company’s stock.

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In other news, General Counsel Azeez Hayne sold 6,260 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $39.95, for a total transaction of $250,087.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 24.30% of the company’s stock.

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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