Urban Outfitters Inc. (NASDAQ:URBN) – Stock analysts at Wedbush decreased their FY2017 earnings per share estimates for shares of Urban Outfitters in a research note issued to investors on Wednesday. Wedbush analyst M. Brown now expects that the brokerage will post earnings per share of $1.96 for the year, down from their prior forecast of $2.09. Wedbush currently has a “Outperform” rating and a $34.00 target price on the stock. Wedbush also issued estimates for Urban Outfitters’ Q4 2017 earnings at $0.66 EPS, Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.73 EPS, FY2018 earnings at $2.12 EPS and FY2019 earnings at $2.32 EPS.
Several other research analysts have also recently issued reports on URBN. Zacks Investment Research upgraded Urban Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Goldman Sachs Group Inc. increased their price objective on Urban Outfitters from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Credit Suisse Group AG reiterated a “neutral” rating and issued a $34.00 price objective on shares of Urban Outfitters in a research report on Wednesday, August 17th. Evercore ISI upgraded Urban Outfitters from a “hold” rating to a “buy” rating and increased their price objective for the stock from $38.00 to $40.00 in a research report on Wednesday, August 17th. Finally, Mizuho increased their price objective on Urban Outfitters from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 17th. Twenty-one investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Urban Outfitters currently has an average rating of “Hold” and a consensus target price of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) traded down 1.997% during mid-day trading on Friday, reaching $33.625. 2,552,696 shares of the company traded hands. The company’s 50 day moving average is $35.24 and its 200 day moving average is $31.95. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 17.315 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 (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.04. The company earned $862.50 million during the quarter. Urban Outfitters had a net margin of 6.42% and a return on equity of 19.13%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 EPS.
In other 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 value of $250,087.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 24.30% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in Urban Outfitters by 26.7% in the first quarter. Renaissance Technologies LLC now owns 340,100 shares of the apparel retailer’s stock worth $11,254,000 after buying an additional 71,700 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Urban Outfitters during the first quarter worth about $1,162,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of Urban Outfitters during the first quarter worth about $4,308,000. Envestnet Asset Management Inc. raised its stake in shares of Urban Outfitters by 40.2% in the first quarter. Envestnet Asset Management Inc. now owns 53,492 shares of the apparel retailer’s stock worth $1,770,000 after buying an additional 15,337 shares during the period. Finally, Babson Capital Management LLC bought a new stake in shares of Urban Outfitters during the first quarter worth about $717,000. 74.17% of the stock is currently owned by institutional investors.
Urban Outfitters Company Profile