Trade Report: Today, KeyCorp Weighs in on Urban Outfitters Inc.’s FY2017 Earnings (URBN)

Today, KeyCorp Weighs in on Urban Outfitters Inc.’s FY2017 Earnings (URBN)

Urban Outfitters Inc. (NASDAQ:URBN) – Stock analysts at KeyCorp cut their FY2017 EPS estimates for shares of Urban Outfitters in a research note issued to investors on Wednesday. KeyCorp analyst E. Yruma now anticipates that the brokerage will earn $1.94 per share for the year, down from their prior estimate of $2.07. KeyCorp also issued estimates for Urban Outfitters’ Q4 2017 earnings at $0.63 EPS and FY2018 earnings at $2.15 EPS.

URBN has been the topic of a number of other research reports. Royal Bank Of Canada increased their price objective on Urban Outfitters from $29.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, August 17th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Urban Outfitters in a report on Tuesday, November 22nd. Vetr upgraded Urban Outfitters from a “strong sell” rating to a “sell” rating and set a $35.51 price objective on the stock in a report on Thursday, November 17th. Telsey Advisory Group increased their price objective on Urban Outfitters from $31.00 to $39.00 and gave the company a “market perform” rating in a report on Wednesday, August 17th. Finally, Mizuho increased their price objective on Urban Outfitters from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, August 17th. Twenty-two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Urban Outfitters presently has a consensus rating of “Hold” and a consensus target price of $35.79.

Urban Outfitters (NASDAQ:URBN) opened at 32.41 on Monday. The company’s 50-day moving average price is $35.03 and its 200 day moving average price is $32.08. The stock has a market capitalization of $3.80 billion, a PE ratio of 18.21 and a beta of 0.69. Urban Outfitters has a 12 month low of $20.06 and a 12 month 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 for the quarter, missing the consensus estimate of $0.44 by $0.04. The company 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%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS.

In other Urban Outfitters news, General Counsel Azeez Hayne sold 6,260 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $39.95, for a total transaction of $250,087.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 24.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of URBN. Accident Compensation Corp bought a new position in shares of Urban Outfitters during the third quarter worth approximately $449,000. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Urban Outfitters by 19.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 426,383 shares of the apparel retailer’s stock worth $14,718,000 after buying an additional 68,907 shares in the last quarter. Credit Suisse AG boosted its position in shares of Urban Outfitters by 30.1% in the third quarter. Credit Suisse AG now owns 170,461 shares of the apparel retailer’s stock worth $5,885,000 after buying an additional 39,487 shares in the last quarter. Phocas Financial Corp. bought a new position in shares of Urban Outfitters during the third quarter worth approximately $5,492,000. Finally, Robecosam AG boosted its position 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 worth $172,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 76.21% of the company’s stock.

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