Just How Positive is MKM Partners on Urban Outfitters (URBN) Following Their Upgrade?

May 16, 2018 - By Harriett Tippett

Urban Outfitters, Inc. (NASDAQ:URBN) Logo

Investors sentiment increased to 0.98 in 2017 Q4. Its up 0.38, from 0.6 in 2017Q3. It improved, as 33 investors sold Urban Outfitters, Inc. shares while 87 reduced holdings. 75 funds opened positions while 42 raised stakes. 78.97 million shares or 12.40% less from 90.14 million shares in 2017Q3 were reported.

Maverick Cap Ltd has 243,140 shares for 0.11% of their portfolio. Pennsylvania-based Janney Montgomery Scott Ltd has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Texas Permanent School Fund invested 0.02% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). Earnest Prns Ltd Llc holds 0% in Urban Outfitters, Inc. (NASDAQ:URBN) or 31 shares. 1492 Cap Mngmt Lc reported 0.6% stake. Orrstown Inc holds 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN) or 170 shares. Aimz Invest Lc holds 1.63% or 61,906 shares in its portfolio. Utd Fincl Advisers Limited Liability reported 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). United Automobile Association holds 0.02% or 156,735 shares. Winfield Associate reported 80 shares. Marshall Wace Limited Liability Partnership holds 23,366 shares. Savings Bank Of Montreal Can holds 8,929 shares. Matarin Cap Management Ltd Llc has 0.04% invested in Urban Outfitters, Inc. (NASDAQ:URBN). Weiss Multi accumulated 20,000 shares. 1.49M were accumulated by National Bank & Trust Of America De.

Since March 9, 2018, it had 0 insider buys, and 16 insider sales for $23.82 million activity. Another trade for 800 shares valued at $31,209 was sold by Hayne Azeez. The insider McCreight David W. sold $1.98M. Another trade for 150,000 shares valued at $5.30 million was made by BELAIR SCOTT A on Tuesday, March 13. $738,593 worth of Urban Outfitters, Inc. (NASDAQ:URBN) was sold by Conforti Frank. Shares for $2.30M were sold by STROUSE ROBERT H. Shares for $398,182 were sold by Donnelly Trish on Tuesday, April 10.

Urban Outfitters (URBN) Stock Upgrade

The previous rating of a “Sell” for Urban Outfitters (URBN) has been discontinued as MKM Partners raised URBN’s current rating to a respectable “Neutral”.

The stock increased 3.73% or $1.52 during the last trading session, reaching $42.32. About 3.10M shares traded or 37.95% up from the average. Urban Outfitters, Inc. (URBN) has risen 55.71% since May 17, 2017 and is uptrending. It has outperformed by 44.16% the S&P500.

Analysts await Urban Outfitters, Inc. (NASDAQ:URBN) to report earnings on May, 22 after the close. They expect $0.29 earnings per share, up 123.08 % or $0.16 from last year’s $0.13 per share. URBN’s profit will be $31.48M for 36.48 P/E if the $0.29 EPS becomes a reality. After $0.69 actual earnings per share reported by Urban Outfitters, Inc. for the previous quarter, Wall Street now forecasts -57.97 % negative EPS growth.

Urban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company has market cap of $4.59 billion. It operates through two divisions, Retail and Wholesale. It has a 44.08 P/E ratio. The firm retails women??s and men??s fashion apparel, intimates, footwear, beauty and accessories, home goods, activewear, and electronics for young adults aged 18 to 28 under the Urban Outfitters brand; and assortment, including women??s casual apparel and accessories, intimates, shoes, beauty, home furnishings, and various gifts and decorative items for women aged 28 to 45 under the Anthropologie brand.

More notable recent Urban Outfitters, Inc. (NASDAQ:URBN) news were published by: Streetinsider.com which released: “Einhorn’s Greenlight Capital Enters Office Depot (ODP), Abercrombie & Fitch (ANF) (more…) – 13F” on May 15, 2018, also Seekingalpha.com with their article: “Macy’s steps in as mall hero” published on May 16, 2018, Nasdaq.com published: “3 Red-Hot Retail Stocks to Trade Today!” on April 23, 2018. More interesting news about Urban Outfitters, Inc. (NASDAQ:URBN) were released by: Streetinsider.com and their article: “Notable Call Buying Urban Outfitters (URBN) into 1Q Earnings on 5/22, Targets 4.5% Upside in Shares by June …” published on May 14, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” with publication date: May 16, 2018.

Urban Outfitters, Inc. (NASDAQ:URBN) Institutional Positions Chart

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