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

Mae Love
January 21, 2018

Logan Capital Management Inc, which manages about $2.06B and $1.40 billion US Long portfolio, decreased its stake in Amphenol Corp (NYSE:APH) by 3,720 shares to 277,257 shares, valued at $23.47M in 2017Q3, according to the filing. The companyƂ's lead product is Vascepa, a prescription-only omega-3 fatty acid capsule, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia.

In an overview of the current analyst recommendations, Buy count is 8 and Overweight is 1 while the number of analysts recommending Sell and Underweight are 3 and 0, respectively. Zacks Investment Research lowered shares of Urban Outfitters from a hold rating to a strong sell rating in a research report on Friday, May 19th. It also reduced its holding in General Motors Company (NYSE:GM) by 124,611 shares in the quarter, leaving it with 2.30 million shares, and cut its stake in Pfizer Inc. Urban Outfitters Inc now has $3.65B valuation. The stock decreased 0.21% or $0.07 during the last trading session, reaching $33.7. About 719,849 shares traded.

Urban Outfitters (NASDAQ:URBN) last posted its quarterly earnings data on Monday, November 20th. It has underperformed by 47.26% the S&P500. (NASDAQ:URBN). Blair William And Company Il has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN) to report earnings on March, 6. The institutional investor held 57,589 shares of the semiconductors company at the end of 2017Q3, valued at $10.66 million, up from 55,619 at the end of the previous reported quarter. URBN's profit will be $67.11 million for 13.59 P/E if the $0.62 EPS becomes a reality. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.08.

Investors sentiment decreased to 0.6 in Q3 2017. Its down 0.22, from 0.82 in 2017Q2. Iconiq Capital Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $474.36B market cap company. 37 funds opened positions while 38 raised stakes. The firm has "Market Perform" rating by Raymond James given on Friday, April 15. Finally, BT Investment Management Ltd acquired a new position in Urban Outfitters during the 2nd quarter valued at approximately $196,000.

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Urban Outfitters (NASDAQ:URBN) traded up $0.98 during trading hours on Thursday, hitting $34.82. TIAA CREF Investment Management LLC now owns 2,167,501 shares of the apparel retailer's stock worth $40,185,000 after purchasing an additional 83,414 shares in the last quarter. California Public Employees Retirement Systems owns 75,403 shares. 137,752 are owned by Jpmorgan Chase & Communication. Schwab Charles Inv Mngmt Inc accumulated 141,199 shares. Moreover, Landscape Capital Ltd Liability Corp has 0.07% invested in Urban Outfitters, Inc. Principal invested in 431,350 shares or 0.01% of the stock. It also increased its holding in Duke Energy Corp New (NYSE:DUK) by 13,000 shares in the quarter, for a total of 39,500 shares, and has risen its stake in Carlisle Cos Inc (NYSE:CSL). (NASDAQ:URBN) has "Overweight" rating given on Tuesday, November 21 by JP Morgan. Royal Bancshares Of Canada invested in 0% or 27,852 shares. Illinois-based Magnetar Finance Llc has invested 0.01% in Urban Outfitters, Inc. "Stock Rose 23% Last Year", Zacks.com published: "Why Urban Outfitters is Likely to Sustain a Bull Run in 2018?" on January 16, 2018. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have given a buy rating to the company. Therefore 39% are positive. Analysts expect that Urban Outfitters will post $1.41 earnings per share for the current year.

More important recent Urban Outfitters, Inc. The rating was maintained by Deutsche Bank with "Hold" on Wednesday, August 17. Stifel Nicolaus maintained it with "Buy" rating and $30 target in Tuesday, November 17 report. Macquarie Research has "Neutral" rating and $24 target. Jefferies maintained Urban Outfitters, Inc. (NASDAQ:URBN) has "Sell" rating given on Thursday, February 2 by Goldman Sachs. Wells Fargo & Co reiterated a "market perform" rating and issued a $28.00 price objective (up from $19.00) on shares of Urban Outfitters in a report on Tuesday, November 21st. The stock has "Hold" rating by RBC Capital Markets on Monday, September 18. Robert W. Baird maintained the stock with "Outperform" rating in Wednesday, August 17 report. KeyCorp has a "Buy" rating on the stock.

It closed at $4 lastly. It has outperformed by 59.49% the S&P500. California State Teachers Retirement Sys holds 150,628 shares or 0.01% of its portfolio. Gemmer Asset Management Limited Company holds 0.01% of its portfolio in IPG Photonics Corporation (NASDAQ:IPGP) for 76 shares. Moreover, Healthcare Value Capital Llc has 3.15% invested in the company for 450,000 shares. Pennsylvania-based Vanguard Grp has invested 0% in Invacare Corporation (NYSE:IVC). University Of Notre Dame Du Lac, a Indiana-based fund reported 803,888 shares. Therefore 100% are positive. (NASDAQ:URBN) on Wednesday, August 16 with "Buy" rating. It has been assigned a low target price of $20 and a high target price of $42. AMRN was included in 2 notes of analysts from October 5, 2016. The firm earned "Buy" rating on Monday, October 30 by Robert W. Baird. The firm has "Equal Weight" rating by Stephens given on Wednesday, April 5.

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