Today: Today: FY2017 EPS Estimates for Urban Outfitters Inc. Decreased by Analyst (URBN)

Today: FY2017 EPS Estimates for Urban Outfitters Inc. Decreased by Analyst (URBN)

Urban Outfitters Inc. (NASDAQ:URBN) – Investment analysts at Jefferies Group dropped their FY2017 earnings estimates for Urban Outfitters in a report released on Wednesday. Jefferies Group analyst R. Konik now expects that the brokerage will post earnings per share of $2.00 for the year, down from their previous forecast of $2.21. Jefferies Group currently has a “Buy” rating and a $45.00 price objective on the stock.

Other research analysts have also recently issued research reports about the company. Vetr cut Urban Outfitters from a “buy” rating to a “strong sell” rating and set a $33.77 target price on the stock. in a research note on Tuesday, November 15th. Citigroup Inc. raised Urban Outfitters from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 15th. Morgan Stanley cut Urban Outfitters from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $36.00 to $39.00 in a research note on Thursday, November 17th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Urban Outfitters in a research note on Tuesday, November 22nd. Finally, Wunderlich cut Urban Outfitters from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $32.00 in a research note on Wednesday, November 23rd. Twenty-two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.79.

Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Monday. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 18.85 and a beta of 0.69. The company’s 50-day moving average price is $35.15 and its 200-day moving average price is $31.98. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share for the quarter, missing the Zacks’ 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 had revenue of $862.50 million for the quarter. During the same period in the previous year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year.

In other news, General Counsel Azeez Hayne sold 6,260 shares of the firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 24.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in URBN. Renaissance Technologies LLC increased its stake in shares of 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 purchased a new stake in shares of Urban Outfitters during the first quarter worth about $1,162,000. Envestnet Asset Management Inc. increased 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 in the last quarter. Babson Capital Management LLC purchased a new stake in shares of Urban Outfitters during the first quarter worth about $717,000. Finally, BlueMountain Capital Management LLC increased its stake in shares of Urban Outfitters by 78.7% in the first quarter. BlueMountain Capital Management LLC now owns 8,692 shares of the apparel retailer’s stock worth $288,000 after buying an additional 3,829 shares in the last quarter. Institutional investors and hedge funds own 76.21% of the company’s stock.

About Urban Outfitters

Related posts

Leave a Comment