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Published: Thu, August 17, 2017
Economy | By Melissa Porter

Profit and same-store sales slide at Urban Outfitters

Profit and same-store sales slide at Urban Outfitters

Several other brokerages have also recently issued reports on URBN. BMO Capital Markets maintained it with "Hold" rating and $2000 target in Tuesday, August 8 report. Jefferies Group LLC set a $25.00 price target on shares of Urban Outfitters and gave the stock a "buy" rating in a research report on Wednesday. Nomura maintained the stock with "Neutral" rating in Wednesday, August 17 report. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The consensus recommendation is the average rating on a stock by the analyst community. Urban Outfitters has a 52-week low of $16.19 and a 52-week high of $40.80.

Urban Outfitters has a 52 week low of $16.19 and a 52 week high of $40.80 with a P/E ratio of 9.82 The company's market cap is now $0.

Shares of Urban Outfitters (NASDAQ:URBN) opened at 16.82 on Tuesday. While the stock price moved along with the volume change, shares are touching $19.88. Urban Outfitters also saw some unusual options trading activity on Monday. Traders bought 32,160 put options on the company.

Urban Outfitters (NASDAQ:URBN) last released its earnings results on Tuesday, August 15th. Note, this compares with a consensus analyst forecast of 0.37 in earnings per share for its next fiscal quarterly report.

Petrus Trust Company Lta decreased Urban Outfitters Inc (URBN) stake by 37.41% reported in 2016Q4 SEC filing. The firm's quarterly revenue was down 2.0% compared to the same quarter past year. The same period from past year had $0.66 in EPS and $890.57 million in revenue. Urban Outfitters said it earned $50 million, or 44 cents a share, in the quarter, compared with $77 million, or 66 cents a share, in the year-ago period. That's a potential 13.99 increase relative to where Urban Outfitters, Inc. Of the 27 analysts surveyed by Reuters that track URBN 18 of them rate its stock a hold. If you are accessing this report on another website, it was copied illegally and reposted in violation of USA & worldwide trademark & copyright legislation. The original version of this article can be read at https://sportsperspectives.com/2017/08/15/urban-outfitters-inc-urbn-given-a-17-00-price-target-at-royal-bank-of-canada-updated-updated-updated.html. The Manufacturers Life Insurance Company now owns 134,529 shares of the apparel retailer's stock valued at $2,494,000 after buying an additional 2,514 shares during the period. Sg Americas Lc stated it has 0.02% of its portfolio in Urban Outfitters, Inc. Dean Capital Management bought a new position in shares of Urban Outfitters during the second quarter valued at approximately $2,294,000. The average 1-year price target for (ONDK) reveals an average price target of $5.19 per share. Cubist Systematic Strategies LLC acquired a new position in shares of Urban Outfitters during the second quarter worth about $492,000. Bank of New York Mellon Corp now owns 3,926,812 shares of the apparel retailer's stock worth $72,803,000 after buying an additional 10,249 shares during the last quarter.

A number of hedge funds have recently modified their holdings of URBN.

Urban Outfitters soared 23 percent and Target rose 2.5 percent in the first few minutes of trading Wednesday after both companies reported earnings that were better than analysts were expecting.

Comparable retail segment revenue fell 4.9%, while wholesale net sales increased 10%.

Urban Outfitters - which runs Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters - on Tuesday said that overall second quarter company net sales fell 2% to $873 million compared to the prior-year period.

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