Urban Outfitters Inc. (NASDAQ:URBN) – Analysts at Jefferies Group decreased their FY2017 earnings per share estimates for Urban Outfitters in a report issued on Wednesday. Jefferies Group analyst R. Konik now forecasts that the firm will earn $2.00 per share for the year, down from their previous forecast of $2.21. Jefferies Group currently has a “Buy” rating and a $45.00 target price on the stock.

A number of other research firms have also recently commented on URBN. Cowen and Company set a $37.00 target price on shares of Urban Outfitters and gave the company a “hold” rating in a research report on Thursday, November 24th. FBR & Co reissued a “market perform” rating and set a $31.00 target price on shares of Urban Outfitters in a research report on Saturday. Wolfe Research raised shares of Urban Outfitters from a “peer perform” rating to an “outperform” rating and increased their target price for the company from $36.00 to $43.00 in a research report on Wednesday, September 7th. BMO Capital Markets reissued a “market perform” rating and set a $34.00 target price on shares of Urban Outfitters in a research report on Wednesday, November 23rd. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $38.00 price target on shares of Urban Outfitters in a report on Saturday, September 10th. Twenty-two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $35.79.

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

COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Urban Outfitters Inc. (URBN) Lowered by Analyst” was posted by Financial Market News and is the sole property of of Financial Market News. If you are accessing this report on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be read at http://www.financial-market-news.com/fy2017-eps-estimates-for-urban-outfitters-inc-urbn-lowered-by-analyst/1210514/.

Urban Outfitters (NASDAQ:URBN) opened at 32.42 on Monday. The stock’s 50 day moving average is $35.03 and its 200 day moving average is $32.08. Urban Outfitters has a 12-month low of $20.06 and a 12-month high of $40.80. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 16.85 and a beta of 0.69.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, November 22nd. The apparel retailer reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $862.50 million for the quarter. During the same period last year, the firm earned $0.42 EPS. The business’s revenue was up 4.5% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently bought and sold shares of URBN. Massachusetts Financial Services Co. MA boosted its position in shares of 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 valued at $441,804,000 after buying an additional 1,388,672 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Urban Outfitters by 5.4% in the second quarter. Vanguard Group Inc. now owns 8,084,293 shares of the apparel retailer’s stock valued at $222,318,000 after buying an additional 412,250 shares during the last quarter. FMR LLC boosted its position in shares of Urban Outfitters by 12.6% in the second quarter. FMR LLC now owns 5,023,957 shares of the apparel retailer’s stock valued at $138,159,000 after buying an additional 563,409 shares during the last quarter. State Street Corp boosted its position in shares of Urban Outfitters by 0.7% in the second quarter. State Street Corp now owns 3,682,523 shares of the apparel retailer’s stock valued at $101,278,000 after buying an additional 25,135 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of 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 valued at $80,430,000 after buying an additional 1,286,540 shares during the last quarter. Institutional investors own 76.21% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Urban Outfitters Inc. (URBN) Lowered by Analyst” was posted by Financial Market News and is the sole property of of Financial Market News. If you are accessing this report on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be read at http://www.financial-market-news.com/fy2017-eps-estimates-for-urban-outfitters-inc-urbn-lowered-by-analyst/1210514/.

In other Urban Outfitters 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.

5 Day Chart for NASDAQ:URBN

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