Urban Outfitters, Inc. (NASDAQ:URBN) – Analysts at KeyCorp cut their FY2017 EPS estimates for Urban Outfitters in a research report issued on Wednesday. KeyCorp analyst E. Yruma now anticipates that the brokerage will post earnings of $1.92 per share for the year, down from their prior estimate of $1.94. KeyCorp also issued estimates for Urban Outfitters’ Q4 2017 earnings at $0.61 EPS, Q1 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.67 EPS and FY2018 earnings at $2.11 EPS.

A number of other research firms have also recently commented on URBN. Citigroup Inc. upgraded Urban Outfitters from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 15th. 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 report on Tuesday, November 15th. Morgan Stanley cut Urban Outfitters from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $36.00 to $39.00 in a research report on Thursday, November 17th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Urban Outfitters in a research report on Tuesday, November 22nd. Finally, Wunderlich lowered Urban Outfitters from a “buy” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $32.00 in a report on Wednesday, November 23rd. Twenty-one analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $35.62.

Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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Urban Outfitters (NASDAQ:URBN) traded up 0.26% on Friday, hitting $27.09. The stock had a trading volume of 688,616 shares. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 14.08 and a beta of 0.63. The company has a 50 day moving average price of $31.71 and a 200-day moving average price of $32.71. 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 EPS for the quarter, missing the consensus estimate of $0.44 by $0.04. Urban Outfitters had a return on equity of 18.88% and a net margin of 6.42%. The company earned $862.50 million during the quarter. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis.

In related news, General Counsel Azeez Hayne sold 6,260 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 24.30% of the company’s stock.

WARNING: “FY2017 EPS Estimates for Urban Outfitters, Inc. (URBN) Lowered by KeyCorp” was originally reported by Watch List News and is the propert of of Watch List News. If you are viewing this piece of content on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece of content can be read at http://www.watchlistnews.com/fy2017-eps-estimates-for-urban-outfitters-inc-urbn-lowered-by-keycorp/1060325.html.

A number of large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake 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 valued at $104,000 after buying an additional 1,550 shares during the period. Robecosam AG acquired a new stake in Urban Outfitters during the second quarter valued at $108,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 valued at $109,000 after buying an additional 327 shares during the period. LS Investment Advisors LLC raised its stake 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 valued at $129,000 after buying an additional 651 shares during the period. Finally, Kentucky Retirement Systems acquired a new stake in Urban Outfitters during the second quarter valued at $203,000. Hedge funds and other institutional investors own 76.83% 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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