Urban Outfitters Inc. (NASDAQ:URBN) – KeyCorp lowered their FY2017 earnings per share estimates for Urban Outfitters in a research report issued on Wednesday. KeyCorp analyst E. Yruma now expects that the brokerage will post earnings per share of $1.94 for the year, down from their prior estimate of $2.07. KeyCorp also issued estimates for Urban Outfitters’ Q4 2017 earnings at $0.63 EPS and FY2018 earnings at $2.15 EPS.

A number of other research firms have also recently issued reports on URBN. Cowen and Company set a $37.00 price objective on Urban Outfitters and gave the company a “hold” rating in a research report on Thursday, November 24th. Jefferies Group upped their price target on Urban Outfitters from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. FBR & Co reiterated a “market perform” rating and issued a $31.00 price target on shares of Urban Outfitters in a research report on Saturday. Wolfe Research upgraded Urban Outfitters from a “peer perform” rating to an “outperform” rating and upped their price target for the company from $36.00 to $43.00 in a research report on Wednesday, September 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $34.00 price target on shares of Urban Outfitters in a research report on Wednesday, November 23rd. Twenty-two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $35.79.

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

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Shares of Urban Outfitters (NASDAQ:URBN) opened at 32.42 on Monday. The company’s 50 day moving average is $35.03 and its 200-day moving average is $32.08. Urban Outfitters has a 52 week low of $20.06 and a 52 week high of $40.80. The company has a market capitalization of $3.77 billion, a PE ratio of 16.85 and a beta of 0.69.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. IBM Retirement Fund increased its position in shares of Urban Outfitters by 3.4% in the second quarter. IBM Retirement Fund now owns 9,019 shares of the apparel retailer’s stock valued at $248,000 after buying an additional 299 shares during the last quarter. Palo Capital Inc. bought a new position in shares of Urban Outfitters during the second quarter valued at approximately $408,000. First Quadrant L P CA increased its position in shares of Urban Outfitters by 253.7% in the second quarter. First Quadrant L P CA now owns 473,601 shares of the apparel retailer’s stock valued at $13,024,000 after buying an additional 339,701 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Urban Outfitters by 304.6% in the second quarter. Acadian Asset Management LLC now owns 19,365 shares of the apparel retailer’s stock valued at $532,000 after buying an additional 14,579 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new position in shares of Urban Outfitters during the second quarter valued at approximately $572,000. 76.21% of the stock is currently 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. 24.30% of the stock is owned by insiders.

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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