Trade Report: Today, William Blair Comments on Urban Outfitters Inc.’s FY2017 Earnings (URBN)

Today, William Blair Comments on Urban Outfitters Inc.’s FY2017 Earnings (URBN)

Urban Outfitters Inc. (NASDAQ:URBN) – William Blair reduced their FY2017 earnings per share (EPS) estimates for Urban Outfitters in a research note issued on Wednesday. William Blair analyst A. Noblin now forecasts that the firm will post earnings of $1.93 per share for the year, down from their prior estimate of $2.07. William Blair also issued estimates for Urban Outfitters’ Q4 2017 earnings at $0.62 EPS and FY2018 earnings at $2.12 EPS.

Other equities analysts have also recently issued research reports about the company. Jefferies Group lifted their price target on Urban Outfitters from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Stifel Nicolaus lifted their price target on Urban Outfitters from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Citigroup Inc. lifted their price target on Urban Outfitters from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Evercore ISI upgraded Urban Outfitters from a “hold” rating to a “buy” rating and lifted their price target for the stock from $38.00 to $40.00 in a report on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. lifted their price target on Urban Outfitters from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Twenty-one research 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 company’s stock. Urban Outfitters currently has an average rating of “Hold” and an average target price of $35.79.

Urban Outfitters (NASDAQ:URBN) traded down 1.997% during midday trading on Friday, hitting $33.625. The stock had a trading volume of 2,552,696 shares. Urban Outfitters has a 1-year low of $20.06 and a 1-year high of $40.80. The company’s 50 day moving average is $35.24 and its 200 day moving average is $31.95. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 17.315 and a beta of 0.69.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 earned $862.50 million during the quarter. During the same quarter in the prior year, the company posted $0.42 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis.

In other news, General Counsel Azeez Hayne sold 6,260 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $39.95, for a total transaction of $250,087.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 24.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URBN. Tower Research Capital LLC TRC increased its position 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 in the last quarter. Robecosam AG bought a new position in Urban Outfitters during the second quarter worth $108,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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. bought a new position in Urban Outfitters during the second quarter worth $121,000. Finally, LS Investment Advisors LLC increased its position in 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. 74.17% of the stock is owned by hedge funds and other institutional investors.

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