The stock of Urban Outfitters, Inc. (NASDAQ:URBN) is a huge mover today! The stock decreased 12.05% or $4.7 on November 23, hitting $34.31. About 16.76M shares traded hands or 573.09% up from the average. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 9.65% since April 22, 2016 and is uptrending. It has outperformed by 4.24% the S&P500.
The move comes after 5 months negative chart setup for the $3.71 billion company. It was reported on Nov, 24 by Barchart.com. We have $32.59 PT which if reached, will make NASDAQ:URBN worth $185.50M less.
Urban Outfitters, Inc. (NASDAQ:URBN) Ratings Coverage
Out of 30 analysts covering Urban Outfitters Inc. (NASDAQ:URBN), 9 rate it a “Buy”, 0 “Sell”, while 21 “Hold”. This means 30% are positive. $53 is the highest target while $20 is the lowest. The $32.38 average target is -5.63% below today’s ($34.31) stock price. Urban Outfitters Inc. has been the topic of 76 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Thursday, September 17, the company rating was initiated by M Partners. The company was maintained on Wednesday, August 17 by Deutsche Bank. The firm has “Market Perform” rating given on Friday, July 31 by BMO Capital Markets. Wolfe Research upgraded Urban Outfitters, Inc. (NASDAQ:URBN) rating on Wednesday, September 7. Wolfe Research has “Outperform” rating and $43 price target. The stock has “Equal-Weight” rating given by Morgan Stanley on Tuesday, November 17. The firm earned “Outperform” rating on Wednesday, August 17 by Robert W. Baird. The firm has “Market Perform” rating given on Tuesday, March 8 by Cowen & Co. On Tuesday, November 17 the stock rating was downgraded by Telsey Advisory Group to “Market Perform”. The firm has “Neutral” rating by Wedbush given on Wednesday, August 17. Morgan Stanley upgraded the shares of URBN in a report on Friday, May 20 to “Overweight” rating.
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 increased, 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.
Corp Va holds 0.41% or 38,450 shares in its portfolio. Bb&T accumulated 98,729 shares or 0.06% of the stock. Massachusetts Services Ma accumulated 0.22% or 16.07 million shares. State Of Tennessee Treasury Department holds 19,281 shares or 0% of its portfolio. Bluecrest Management Ltd accumulated 0.04% or 35,613 shares. Guggenheim Ltd accumulated 0.09% or 999,270 shares. Allianz Asset Ag has invested 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). The New York-based Glob X Mngmt Com Limited Liability Corporation has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Natl Bank Of America Corporation De holds 0% or 700,564 shares in its portfolio. Bnp Paribas Arbitrage Sa accumulated 31,038 shares or 0% of the stock. Alliancebernstein Lp holds 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 182,284 shares. Regions Fincl reported 7,690 shares or 0% of all its holdings. Bragg Advsrs has 53,883 shares for 0.27% of their US portfolio. Quantbot Techs Lp accumulated 18,188 shares or 0.05% of the stock. Orrstown Financial Services holds 0.01% or 375 shares in its portfolio.
Insider Transactions: Since August 19, 2016, the stock had 0 insider purchases, and 2 insider sales for $399,767 net activity. Conforti Frank sold $149,680 worth of Urban Outfitters, Inc. (NASDAQ:URBN) on Friday, August 19. Hayne Azeez had sold 6,260 shares worth $250,087.
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 Investorplace.com published article titled: “Urban Outfitters, Inc. (URBN) Shares Plunge on Q3 Earnings Results”, Usatoday.com published: “Navajo Nation, Urban Outfitters settle designs suit” on November 18, 2016. More interesting news about Urban Outfitters, Inc. (NASDAQ:URBN) was released by: Nasdaq.com and their article: “Earnings Reaction History: Urban Outfitters, Inc., 66.7% Follow-Through …” with publication date: November 22, 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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