Urban Outfitters Inc. (NASDAQ:URBN) – Analysts at Jefferies Group dropped their Q4 2017 earnings estimates for Urban Outfitters in a research report issued on Wednesday. Jefferies Group analyst R. Konik now anticipates that the brokerage will post earnings per share of $0.70 for the quarter, down from their previous estimate of $0.76. Jefferies Group currently has a “Buy” rating and a $45.00 target price on the stock. Jefferies Group also issued estimates for Urban Outfitters’ FY2018 earnings at $2.25 EPS.
Other equities analysts have also issued research reports about the company. Wolfe Research raised Urban Outfitters from a “peer perform” rating to an “outperform” rating and increased their target price for the company from $36.00 to $43.00 in a research note on Wednesday, September 7th. Vetr raised Urban Outfitters from a “sell” rating to a “hold” rating and set a $35.42 target price on the stock in a research note on Thursday. Wedbush reissued a “neutral” rating and issued a $34.00 target price on shares of Urban Outfitters in a research note on Friday. Stifel Nicolaus increased their target price on Urban Outfitters from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Finally, Piper Jaffray Cos. reissued a “fair value” rating and issued a $42.00 target price (up previously from $32.00) on shares of Urban Outfitters in a research note on Wednesday, August 17th. Twenty-two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Friday. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 17.28 and a beta of 0.69. The stock’s 50 day moving average price is $35.15 and its 200 day moving average price is $31.98. Urban Outfitters has a one year low of $20.06 and a one year high of $40.80.
Urban Outfitters (NASDAQ:URBN) last announced 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 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 19.13%. Urban Outfitters’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS.
In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the firm’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 accessible through the SEC website. Company insiders own 24.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of URBN. Palo Capital Inc. bought a new position in Urban Outfitters during the second quarter worth approximately $408,000. First Quadrant L P CA raised its position in 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 worth $13,024,000 after buying an additional 339,701 shares during the period. Acadian Asset Management LLC raised its position in Urban Outfitters by 304.6% in the second quarter. Acadian Asset Management LLC now owns 19,365 shares of the apparel retailer’s stock worth $532,000 after buying an additional 14,579 shares during the period. Americafirst Capital Management LLC bought a new position in Urban Outfitters during the second quarter worth approximately $572,000. Finally, GW&K Investment Management LLC raised its position in 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 period. Hedge funds and other institutional investors own 74.17% of the company’s stock.
Urban Outfitters Company Profile