Urban Outfitters, Inc. (NASDAQ:URBN) – Analysts at Wedbush increased their Q2 2018 earnings per share estimates for Urban Outfitters in a research note issued to investors on Monday. Wedbush analyst M. Brown now anticipates that the brokerage will post earnings of $0.69 per share for the quarter, up from their previous estimate of $0.68. Wedbush has a “Neutral” rating on the stock.

Several other research analysts have also commented on URBN. Robert W. Baird reissued a “buy” rating on shares of Urban Outfitters in a report on Saturday, November 26th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Urban Outfitters in a report on Tuesday, January 10th. Telsey Advisory Group cut their price objective on Urban Outfitters from $39.00 to $31.00 and set a “market perform” rating for the company in a report on Tuesday, January 10th. Wunderlich raised Urban Outfitters from a “hold” rating to a “buy” rating in a report on Tuesday, January 31st. Finally, Cowen and Company set a $37.00 price objective on Urban Outfitters and gave the stock a “hold” rating in a report on Thursday, November 24th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Urban Outfitters has a consensus rating of “Hold” and an average price target of $34.72.

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

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Urban Outfitters (NASDAQ:URBN) traded up 1.60% during mid-day trading on Wednesday, reaching $27.35. 868,339 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $26.99 and a 200-day moving average of $32.35. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 14.22 and a beta of 0.66. Urban Outfitters has a one year low of $24.29 and a one year high of $40.80.

Urban Outfitters (NASDAQ:URBN) last released its earnings results 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. The firm had revenue of $862.50 million for the quarter. Urban Outfitters had a net margin of 6.42% and a return on equity of 18.88%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share.

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A number of large investors have recently modified their holdings of the company. Robecosam AG boosted its stake in shares of Urban Outfitters by 25.0% in the third quarter. Robecosam AG now owns 5,000 shares of the apparel retailer’s stock valued at $172,000 after buying an additional 1,000 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in shares of Urban Outfitters during the second quarter valued at $203,000. Shaker Investments LLC OH purchased a new stake in shares of Urban Outfitters during the third quarter valued at $204,000. Algert Global LLC purchased a new stake in shares of Urban Outfitters during the third quarter valued at $220,000. Finally, BRYN MAWR TRUST Co purchased a new stake in shares of Urban Outfitters during the third quarter valued at $222,000. 78.05% of the stock is currently owned by institutional investors.

Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

5 Day Chart for NASDAQ:URBN

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