Urban Outfitters Inc. (NASDAQ:URBN) – Stock analysts at Jefferies Group decreased their FY2017 earnings per share estimates for Urban Outfitters in a report released on Wednesday. Jefferies Group analyst R. Konik now forecasts that the brokerage will post earnings per share of $2.00 for the year, down from their previous forecast of $2.21. Jefferies Group has a “Buy” rating and a $45.00 price target on the stock.

A number of other brokerages also recently issued reports on URBN. Vetr downgraded shares of Urban Outfitters from a “buy” rating to a “strong sell” rating and set a $33.77 price target for the company. in a report on Tuesday, November 15th. Citigroup Inc. upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating in a report on Tuesday, November 15th. Morgan Stanley downgraded shares of Urban Outfitters from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $36.00 to $39.00 in a report on Thursday, November 17th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Urban Outfitters in a report on Tuesday, November 22nd. Finally, Wunderlich downgraded shares of Urban Outfitters from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.00 to $32.00 in a report on Wednesday, November 23rd. Twenty-two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Urban Outfitters has an average rating of “Hold” and an average price target of $35.79.

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

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Shares of Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Monday. Urban Outfitters has a 12-month low of $20.06 and a 12-month high of $40.80. The stock has a market cap of $3.94 billion, a PE ratio of 18.85 and a beta of 0.69. The firm has a 50-day moving average price of $35.15 and a 200 day moving average price of $31.98.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data 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. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The business earned $862.50 million during the quarter. During the same period in the prior year, the business posted $0.42 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of Urban Outfitters by 70.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,758 shares of the apparel retailer’s stock valued at $104,000 after buying an additional 1,550 shares during the period. Robecosam AG bought a new position in shares of Urban Outfitters during the second quarter valued at approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Urban Outfitters by 11.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,150 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 327 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of Urban Outfitters during the second quarter valued at approximately $121,000. Finally, LS Investment Advisors LLC raised its position in shares of Urban Outfitters by 16.0% in the second quarter. LS Investment Advisors LLC now owns 4,708 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 651 shares during the period. 76.21% of the stock is owned by hedge funds and other institutional investors.

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In related news, General Counsel Azeez Hayne sold 6,260 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $39.95, for a total transaction of $250,087.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate 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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