William Blair Brokers Raise Earnings Estimates for Urban Outfitters, Inc. (URBN)

Marco Green
September 14, 2017

(INCR) stock confirmed the flow of -1.08% with the final price of $54.95. The stock exchanged hands with 3,280,285 numbers of shares compared to its average daily volume of 4.08M shares.

Hedge funds have recently made changes to their positions in the stock. The Pennsylvania-based Emerald Advisers Incorporated Pa has invested 0.64% in Urban Outfitters, Inc. Oppenheimer Asset Management Inc. now owns 10,691 shares of the apparel retailer's stock valued at $198,000 after purchasing an additional 43 shares during the last quarter. The firm's stock has a market capitalization of $2.57 bln. Meeder Asset Management Inc. boosted its holdings in Urban Outfitters by 0.6% in the second quarter. (NASDAQ:TRIP) traded down -1.64% in the last session while performance was up 45.06% in the last five days.

Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Tuesday, November 22nd. Moreover, Aimz Investment Advisors Llc has 1.69% invested in the company for 66,306 shares.

Several equities analysts have weighed in on URBN shares. Urban Outfitters Inc. had 97 analyst reports since July 31, 2015 according to SRatingsIntel.

Analysts are also projecting an Average Revenue Estimate for Urban Outfitters Inc.as $860340 in the Current Quarter.

Urban Outfitters declared that its board has authorized a stock repurchase program on Thursday, August 24th that authorizes the company to repurchase $20.00 million in shares. RBC Capital Markets maintained Urban Outfitters, Inc. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. $28.94's average target is 33.86% above currents $21.62 stock price. (NASDAQ:URBN). Bnp Paribas Arbitrage reported 0.01% in Urban Outfitters, Inc. However the indicator does not specify the price direction, rather it is used first and foremost to measure volatility caused by gaps and limit up or down moves. During the last 52 weeks, the (NASDAQ:URBN) price has been as high as $40.8 and as low as $16.19.

Press coverage about Urban Outfitters (NASDAQ:URBN) has trended somewhat positive on Tuesday, Accern Sentiment reports. The Return on Equity (ROE) value stands at 13.3%. Urban Outfitters presently has a consensus rating of "Hold" and an average price target of $22.20. The difference between the expected and actual EPS was $0.07/share, which represents an Earnings surprise of 18.9%. The company's revenue for the quarter was down 2.0% compared to the same quarter previous year.

WARNING: "William Blair Brokers Raise Earnings Estimates for Urban Outfitters, Inc".

Shares of TripAdvisor, Inc. This repurchase authorization allows the apparel retailer to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued. The firm had a rise in short interest of 13.95% as of the latest report on August 15, 2017. If you are viewing this news story on another publication, it was stolen and reposted in violation of USA & worldwide copyright & trademark law.

05/17/2017 - Urban Outfitters, Inc. had its "neutral" rating reiterated by analysts at Instinet. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through worldwide franchise, license and wholesale partners. The Company's Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its clients through retail stores, Websites, mobile applications, catalogs and customer contact centers.

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