Urban Outfitters Inc. (NASDAQ:URBN) – Analysts at SunTrust Banks cut their FY2017 earnings per share estimates for shares of Urban Outfitters in a research note issued on Wednesday. SunTrust Banks analyst P. Quintiliano now anticipates that the brokerage will earn $1.92 per share for the year, down from their previous estimate of $2.05. SunTrust Banks also issued estimates for Urban Outfitters’ Q4 2017 earnings at $0.61 EPS and FY2018 earnings at $2.11 EPS.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The company had revenue of $862.50 million for 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. TRADEMARK VIOLATION NOTICE: “FY2017 Earnings Estimate for Urban Outfitters Inc. Issued By SunTrust Banks (URBN)” was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international trademark & copyright laws. The correct version of this article can be read at https://www.thecerbatgem.com/2016/11/29/fy2017-earnings-estimate-for-urban-outfitters-inc-issued-by-suntrust-banks-urbn.html.

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

Several other research firms have also recently weighed in on URBN. Vetr cut Urban Outfitters from a “buy” rating to a “strong sell” rating and set a $33.77 price objective on the stock. in a research report on Tuesday, November 15th. Citigroup Inc. upgraded Urban Outfitters from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 15th. Morgan Stanley cut 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 research report on Thursday, November 17th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Urban Outfitters in a research report on Tuesday, November 22nd. Finally, Wunderlich cut Urban Outfitters from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $32.00 in a research 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 given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.79.

Urban Outfitters (NASDAQ:URBN) opened at 32.41 on Monday. The firm has a market cap of $3.80 billion, a P/E ratio of 18.21 and a beta of 0.69. The company’s 50-day moving average is $35.03 and its 200 day moving average is $32.08. Urban Outfitters has a 12 month low of $20.06 and a 12 month high of $40.80.

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

TRADEMARK VIOLATION NOTICE: “FY2017 Earnings Estimate for Urban Outfitters Inc. Issued By SunTrust Banks (URBN)” was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international trademark & copyright laws. The correct version of this article can be read at https://www.thecerbatgem.com/2016/11/29/fy2017-earnings-estimate-for-urban-outfitters-inc-issued-by-suntrust-banks-urbn.html.

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in 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 worth $104,000 after buying an additional 1,550 shares during the last quarter. Robecosam AG acquired a new position in shares of Urban Outfitters during the second quarter worth $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 worth $109,000 after buying an additional 327 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Urban Outfitters during the second quarter worth $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 worth $129,000 after buying an additional 651 shares in the last quarter. Institutional investors own 76.21% 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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