FY2017 EPS Estimates for Urban Outfitters, Inc. Cut by Wedbush (URBN)
Urban Outfitters, Inc. (NASDAQ:URBN) – Investment analysts at Wedbush cut their FY2017 earnings per share estimates for Urban Outfitters in a research note issued on Wednesday. Wedbush analyst M. Brown now expects that the brokerage will earn $1.92 per share for the year, down from their prior estimate of $1.96. Wedbush has a “Hold” rating and a $34.00 price objective on the stock. Wedbush also issued estimates for Urban Outfitters’ Q4 2017 earnings at $0.61 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.68 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.05 EPS and FY2019 earnings at $2.24 EPS.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings results 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. Urban Outfitters had a net margin of 6.42% and a return on equity of 18.88%. The company earned $862.50 million during the quarter. During the same period in the prior year, the company posted $0.42 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year.
A number of other brokerages have also issued reports on URBN. Citigroup Inc. raised shares of Urban Outfitters from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 15th. Vetr lowered shares of Urban Outfitters from a “buy” rating to a “strong sell” rating and set a $33.77 target price for the company. in a research note on Tuesday, November 15th. Morgan Stanley lowered shares of Urban Outfitters from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $36.00 to $39.00 in a research note on Thursday, November 17th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Urban Outfitters in a research note on Tuesday, November 22nd. Finally, Wunderlich lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $32.00 in a research note on Wednesday, November 23rd. Twenty-one research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Urban Outfitters currently has a consensus rating of “Hold” and an average price target of $35.62.
Urban Outfitters (NASDAQ:URBN) opened at 27.02 on Thursday. The firm has a 50-day moving average of $31.71 and a 200-day moving average of $32.71. The stock has a market capitalization of $3.14 billion, a PE ratio of 14.04 and a beta of 0.63. Urban Outfitters has a 52-week low of $20.06 and a 52-week high of $40.80.
Several large investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in Urban Outfitters by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,065,645 shares of the apparel retailer’s stock worth $441,804,000 after buying an additional 1,388,672 shares during the period. Vanguard Group Inc. increased its stake in Urban Outfitters by 5.4% in the second quarter. Vanguard Group Inc. now owns 8,084,293 shares of the apparel retailer’s stock worth $222,318,000 after buying an additional 412,250 shares during the period. FMR LLC increased its stake in Urban Outfitters by 12.6% in the second quarter. FMR LLC now owns 5,023,957 shares of the apparel retailer’s stock worth $138,159,000 after buying an additional 563,409 shares during the period. State Street Corp increased its stake in Urban Outfitters by 0.7% in the second quarter. State Street Corp now owns 3,682,523 shares of the apparel retailer’s stock worth $101,278,000 after buying an additional 25,135 shares during the period. Finally, AQR Capital Management LLC increased its stake in Urban Outfitters by 78.5% in the second quarter. AQR Capital Management LLC now owns 2,924,749 shares of the apparel retailer’s stock worth $80,430,000 after buying an additional 1,286,540 shares during the period. 76.83% of the stock is owned by institutional investors and hedge funds.
In related news, General Counsel Azeez Hayne sold 6,260 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 24.30% of the company’s stock.
About Urban Outfitters
Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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