What Can We Expect After Urban Outfitters (NASDAQ:URBN)’s Upgrade By MKM Partners?

May 16, 2018 - By Hannah Black

Urban Outfitters, Inc. (NASDAQ:URBN) Logo

Investors sentiment increased to 0.98 in Q4 2017. Its up 0.38, from 0.6 in 2017Q3. It is positive, 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.

Gotham Asset Management Ltd Liability Co has 71,060 shares. Comerica Bank invested in 64,165 shares or 0.01% of the stock. Weaver C Barksdale And Assoc Incorporated accumulated 601 shares. Matarin Limited Liability Co holds 14,792 shares. Geode Mngmt Ltd Company owns 764,123 shares or 0.01% of their US portfolio. 10,613 were reported by Commerzbank Aktiengesellschaft Fi. Orrstown Svcs reported 170 shares. Great West Life Assurance Can owns 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 45,863 shares. Davidson Kempner Cap Mgmt Limited Partnership holds 0.48% or 425,000 shares. Gam Ag reported 26,805 shares stake. 393,944 were reported by First L P. State Street Corp holds 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN) or 2.50 million shares. Liberty Mutual Gru Asset has invested 0.02% in Urban Outfitters, Inc. (NASDAQ:URBN). Bb&T has invested 0.04% in Urban Outfitters, Inc. (NASDAQ:URBN). Highbridge Cap Management Ltd Llc has 0.01% invested in Urban Outfitters, Inc. (NASDAQ:URBN).

Since March 9, 2018, it had 0 insider purchases, and 16 sales for $23.82 million activity. On Friday, March 9 the insider Hayne Azeez sold $405,331. On Wednesday, April 11 ANTOIAN EDWARD N sold $762,902 worth of Urban Outfitters, Inc. (NASDAQ:URBN) or 20,000 shares. Another trade for 20,941 shares valued at $738,593 was made by Conforti Frank on Friday, March 9. LAWSON JOEL S III also sold $738,060 worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares. STROUSE ROBERT H sold $2.30 million worth of stock or 60,000 shares. Hollinger Calvin also sold $613,235 worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares.

Urban Outfitters (NASDAQ:URBN) Stock Upgrade

MKM Partners increased shares of Urban Outfitters (NASDAQ:URBN) to a solid “Neutral” rating from the previous “Sell”. This change in rating was issued to investors and clients in analysts report today.

Urban Outfitters, Inc. (NASDAQ:URBN) Ratings Coverage

Among 15 analysts covering Urban Outfitters (NASDAQ:URBN), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Urban Outfitters has $46 highest and $24.0 lowest target. $40’s average target is -5.10% below currents $42.15 stock price. Urban Outfitters had 29 analyst reports since November 17, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, March 7 by Wells Fargo. The company was maintained on Wednesday, March 7 by Morgan Stanley. The firm earned “Buy” rating on Monday, December 11 by SunTrust. The rating was maintained by Oppenheimer on Monday, November 20 with “Hold”. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, November 21. The firm has “Buy” rating by Jefferies given on Monday, December 18. The firm has “Neutral” rating by B. Riley & Co given on Tuesday, February 27. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) earned “Hold” rating by BMO Capital Markets on Tuesday, March 6. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) earned “Hold” rating by Oppenheimer on Tuesday, March 6. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Tuesday, November 21.

The stock increased 3.31% or $1.35 during the last trading session, reaching $42.15. About 1.95 million shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 55.71% since May 16, 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 36.34 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 $4.58 billion. It operates through two divisions, Retail and Wholesale. It has a 43.91 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: Seekingalpha.com which released: “Macy’s steps in as mall hero” on May 16, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” 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: “Einhorn’s Greenlight Capital Enters Office Depot (ODP), Abercrombie & Fitch (ANF) (more…) – 13F” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Notable Call Buying Urban Outfitters (URBN) into 1Q Earnings on 5/22, Targets 4.5% Upside in Shares by June …” with publication date: May 14, 2018.

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

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