SunTrust Banks Equities Analysts Reduce Earnings Estimates for Urban Outfitters Inc. (URBN)
Urban Outfitters Inc. (NASDAQ:URBN) – Equities research analysts at SunTrust Banks decreased their FY2017 EPS estimates for Urban Outfitters in a research note issued on Wednesday. SunTrust Banks analyst P. Quintiliano now anticipates that the brokerage will earn $1.92 per share for the year, down from their prior forecast of $2.05. SunTrust Banks also issued estimates for Urban Outfitters’ Q4 2017 earnings at $0.61 EPS and FY2018 earnings at $2.11 EPS.
URBN has been the topic of a number of other research reports. Royal Bank Of Canada lifted their target price on Urban Outfitters from $29.00 to $34.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 17th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Urban Outfitters in a research report on Tuesday, November 22nd. Vetr raised Urban Outfitters from a “strong sell” rating to a “sell” rating and set a $35.51 target price on the stock in a research report on Thursday, November 17th. Telsey Advisory Group lifted their target price on Urban Outfitters from $31.00 to $39.00 and gave the company a “market perform” rating in a research report on Wednesday, August 17th. Finally, Mizuho lifted their target price on Urban Outfitters from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, August 17th. Twenty-two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $35.79.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 32.42 on Monday. Urban Outfitters has a 12 month low of $20.06 and a 12 month high of $40.80. The firm has a 50 day moving average price of $35.03 and a 200-day moving average price of $32.08. The company has a market cap of $3.77 billion, a P/E ratio of 16.85 and a beta of 0.69.
Urban Outfitters (NASDAQ:URBN) last announced its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.04. Urban Outfitters had a return on equity of 19.13% and a net margin of 6.42%. The firm earned $862.50 million during the quarter. During the same period in the prior year, the company earned $0.42 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis.
A number of large investors have recently bought and sold shares of URBN. 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 purchased a new stake in Urban Outfitters during the second quarter valued at approximately $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. Fuller & Thaler Asset Management Inc. purchased a new stake in Urban Outfitters during the second quarter valued at approximately $121,000. Finally, 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. Hedge funds and other institutional investors own 76.21% of the company’s stock.
In other Urban Outfitters 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 value of $250,087.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 24.30% of the stock is currently owned by company insiders.
Urban Outfitters Company Profile
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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