Trading Report: Today, Urban Outfitters Inc. (URBN) Expected to Post FY2017 Earnings of $1.93 Per Share

Today, Urban Outfitters Inc. (URBN) Expected to Post FY2017 Earnings of $1.93 Per Share

Urban Outfitters Inc. (NASDAQ:URBN) – Stock analysts at William Blair cut their FY2017 earnings per share (EPS) estimates for Urban Outfitters in a report released on Wednesday. William Blair analyst A. Noblin now expects that the brokerage will post earnings of $1.93 per share for the year, down from their prior forecast 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 research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Urban Outfitters from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Goldman Sachs Group Inc. upped their price target on shares of Urban Outfitters from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Credit Suisse Group AG reiterated a “neutral” rating and issued a $34.00 price target on shares of Urban Outfitters in a research note on Wednesday, August 17th. Evercore ISI upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating and upped their price target for the company from $38.00 to $40.00 in a research note on Wednesday, August 17th. Finally, Mizuho upped their price target on shares of Urban Outfitters from $28.00 to $32.00 and gave the company a “neutral” rating in a research note 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 issued a strong buy rating to the stock. Urban Outfitters has a consensus rating of “Hold” and an average price target of $35.79.

Urban Outfitters (NASDAQ:URBN) opened at 33.56 on Friday. The firm’s 50-day moving average is $35.15 and its 200-day moving average is $31.98. Urban Outfitters has a 52 week low of $20.06 and a 52 week high of $40.80. The company has a market cap of $3.93 billion, a PE ratio of 17.28 and a beta of 0.69.

Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $862.50 million for the quarter. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. 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 Urban Outfitters stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $39.95, for a total value of $250,087.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 24.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised 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 valued at $11,254,000 after buying an additional 71,700 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in Urban Outfitters during the first quarter valued at $1,162,000. Adage Capital Partners GP L.L.C. acquired a new position in Urban Outfitters during the first quarter valued at $4,308,000. Envestnet Asset Management Inc. increased its position in Urban Outfitters by 40.2% in the first quarter. Envestnet Asset Management Inc. now owns 53,492 shares of the apparel retailer’s stock valued at $1,770,000 after buying an additional 15,337 shares during the last quarter. Finally, Babson Capital Management LLC acquired a new position in Urban Outfitters during the first quarter valued at $717,000. 74.17% of the stock is currently owned by institutional investors and hedge funds.

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