Today’s Price Action: Can Urban Outfitters, Inc.’s Tomorrow Be Different? The Stock Increases Again

Today's Price Action: Can Urban Outfitters, Inc.'s Tomorrow Be Different? The Stock Increases Again

The stock of Urban Outfitters, Inc. (NASDAQ:URBN) is a huge mover today! About 1.15M shares traded hands. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 1.61% since April 28, 2016 and is uptrending. It has underperformed by 4.32% the S&P500.
The move comes after 6 months positive chart setup for the $3.62B company. It was reported on Dec, 1 by Barchart.com. We have $32.96 PT which if reached, will make NASDAQ:URBN worth $108.60M more.

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. Urban Outfitters Inc. has been the topic of 76 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) earned “Market Perform” rating by Telsey Advisory Group on Tuesday, November 17. Goldman Sachs maintained it with “Buy” rating and $33 target price in Wednesday, August 17 report. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, August 17 report. Macquarie Research maintained the stock with “Neutral” rating in Tuesday, March 8 report. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, March 8. The firm has “Buy” rating by Brean Capital given on Tuesday, March 8. M Partners maintained the stock with “Neutral” rating in Friday, January 8 report. The company was downgraded on Monday, October 19 by Wunderlich. Wunderlich maintained Urban Outfitters, Inc. (NASDAQ:URBN) on Tuesday, November 17 with “Hold” rating. The firm earned “Hold” rating on Monday, August 31 by TheStreet.

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 Q2 2016. 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.
Sei Investments owns 5,988 shares or 0% of their US portfolio. Jefferies Grp Incorporated Limited Com has invested 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). Blackrock, a New York-based fund reported 131,375 shares. Qualcomm De last reported 284,240 shares in the company. Manufacturers Life Insurance Company The accumulated 0% or 88,375 shares. Becker Capital Mngmt last reported 271,486 shares in the company. Amp Invsts Ltd owns 15,000 shares or 0% of their US portfolio. Cipher L P holds 0.04% or 20,119 shares in its portfolio. Guardian Life Ins Of America has 0% invested in the company for 322 shares. Deutsche National Bank & Trust Ag last reported 0.03% of its portfolio in the stock. Bluemountain Capital Management Ltd last reported 0.02% of its portfolio in the stock. Aimz Investment Advisors, a California-based fund reported 68,456 shares. Bnp Paribas Arbitrage has 0% invested in the company for 31,038 shares. Moreover, Marshall Wace Llp has 0.09% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 382,392 shares. Cibc Asset Management reported 9,068 shares or 0% of all its holdings.

Insider Transactions: Since August 19, 2016, the stock had 0 buys, and 2 insider sales for $399,767 net activity. Hayne Azeez also sold $250,087 worth of Urban Outfitters, Inc. (NASDAQ:URBN) on Monday, November 14. $149,680 worth of Urban Outfitters, Inc. (NASDAQ:URBN) was sold by Conforti Frank on Friday, August 19.

More 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 the news titled: “Urban Outfitters, Inc. (URBN) Shares Plunge on Q3 Earnings Results” on November 23, 2016. Seekingalpha.com‘s news article titled: “Another Correction Awaiting Urban Outfitters” with publication date: November 27, 2016 was also an interesting one.

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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