The stock of Urban Outfitters, Inc. (NASDAQ:URBN) is a huge mover today! About 5.76M shares traded hands or 146.15% up from the average. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 18.94% since April 20, 2016 and is uptrending. It has outperformed by 14.39% the S&P500.
The move comes after 8 months positive chart setup for the $4.53 billion company. It was reported on Nov, 22 by Barchart.com. We have $37.90 PT which if reached, will make NASDAQ:URBN worth $271.80M more.
Urban Outfitters, Inc. (NASDAQ:URBN) Ratings Coverage
Out of 30 analysts covering Urban Outfitters Inc. (NASDAQ:URBN), 10 rate it a “Buy”, 0 “Sell”, while 20 “Hold”. This means 33% are positive. Urban Outfitters Inc. has been the topic of 74 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by JP Morgan with “Neutral” on Friday, March 18. The rating was downgraded by Goldman Sachs on Monday, August 22 to “Neutral”. Cowen & Co maintained Urban Outfitters, Inc. (NASDAQ:URBN) on Tuesday, March 8 with “Market Perform” rating. The company was maintained on Tuesday, November 17 by Credit Suisse. The stock has “Peer Perform” rating given by Wolfe Research on Tuesday, August 18. The rating was initiated by M Partners on Thursday, September 17 with “Neutral”. The firm earned “Neutral” rating on Tuesday, November 10 by Mizuho. M Partners maintained the shares of URBN in a report on Friday, January 8 with “Neutral” rating. The firm earned “Neutral” rating on Tuesday, August 18 by UBS. As per Tuesday, August 11, the company rating was maintained by Brean Capital.
According to Zacks Investment Research, “Urban Outfitters, Inc. operates two business segments consisting of a lifestyle-oriented general merchandise retailing segment and a wholesale apparel business. The retailing segment operates through retail stores and direct response, including a catalog and two web sites. The company’s wholesale business designs and markets young women’s casual wear which it provides to the company’s retail operations and sells to specialty retailers worldwide.”
Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.12, from 1.07 in 2016Q1. The ratio is positive, as 45 funds sold all Urban Outfitters, Inc. shares owned while 91 reduced positions. 39 funds bought stakes while 107 increased positions. They now own 83.39 million shares or 1.57% less from 84.73 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement System last reported 0.01% of its portfolio in the stock. Nordea Inv Mgmt Ab has invested 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). Piermont Capital Incorporated, a Missouri-based fund reported 23,680 shares. Prudential Inc holds 126,744 shares or 0.01% of its portfolio. The Connecticut-based Paloma Ptnrs Mngmt has invested 0.03% in Urban Outfitters, Inc. (NASDAQ:URBN). Tdam Usa Incorporated owns 31,244 shares or 0.04% of their US portfolio. Blackrock Invest Management Ltd Llc has invested 0.01% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). Emerald Advisers Pa has 661,805 shares for 0.88% of their US portfolio. Moreover, Weatherly Asset Mgmt Lp has 0.25% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 12,335 shares. Mycio Wealth Ltd holds 124 shares or 0% of its portfolio. Herndon Capital Management Limited Liability last reported 0% of its portfolio in the stock. Bnp Paribas Ptnrs last reported 0% of its portfolio in the stock. Credit Suisse Ag owns 130,974 shares or 0% of their US portfolio. Citadel Advisors Lc owns 28,213 shares or 0% of their US portfolio. Raymond James Assoc has invested 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN).
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 2 insider sales for $399,767 net activity. The insider Hayne Azeez sold 6,260 shares worth $250,087. 3,300 shares were sold by Conforti Frank, worth $93,159.
More important recent Urban Outfitters, Inc. (NASDAQ:URBN) news were published by: Wsj.com which released: “Urban Outfitters Rally Has Gone Too Far” on November 21, 2016, also Nasdaq.com published article titled: “Earnings Reaction History: Urban Outfitters, Inc., 66.7% Follow-Through …”, Finance.Yahoo.com published: “Urban Outfitters Reports Record Q3 Sales” on November 22, 2016. More interesting news about Urban Outfitters, Inc. (NASDAQ:URBN) was released by: Zacks.com and their article: “Urban Outfitters (URBN) Q3 Earnings: What’s in the Cards?” with publication date: November 21, 2016.
URBN Company Profile
Urban Outfitters, Inc., incorporated on August 06, 1976, is a lifestyle specialty retail company. The Firm operates through two divisions: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its clients through retail stores, Websites, mobile applications, catalogs and customer contact centers. The Retail segment also includes Vetri Family, which operates restaurants under the names Amis, Alla Spina, Lo Spiedo, Pizzeria Vetri and Osteria. The Company’s Wholesale segment consists of the Free People wholesale division that primarily designs, develops and markets young women’s contemporary casual apparel and shoes through individual and chain specialty stores and department stores.
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