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In 1H16, $URBN repurchased and subsequently retired 2.3MM shares for $82.8MM at an average price of $36.30 per share, including commissions. Subsequent to 2Q16-end, $URBN repurchased and retired a total of 1.3MM common shares for approx. $40MM, at an average price of $30.79 per share, including commissions.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.