What’s Propelling Urban Outfitters, Inc. (URBN) to Reach 52-Week High?

May 18, 2018 - By Adrian Erickson

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.
Atlantic Trust Grp Lc holds 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 50 shares. Thrivent Financial For Lutherans holds 17,413 shares. Us Financial Bank De holds 0% or 3,517 shares. 26,879 are held by Teacher Retirement Systems Of Texas. Mason Street Lc accumulated 39,464 shares. State Board Of Administration Of Florida Retirement Systems holds 0.01% or 134,743 shares in its portfolio. D E Shaw reported 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Vanguard Grp Incorporated has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Ahl Prtn Ltd Liability Partnership has invested 0.03% in Urban Outfitters, Inc. (NASDAQ:URBN). Envestnet Asset Mngmt holds 550 shares or 0% of its portfolio. Magnetar Financial Lc owns 7,445 shares or 0.01% of their US portfolio. Parametric Associate Lc reported 260,576 shares stake. 12,227 are owned by Virtus Investment Advisers. Snow Mngmt Limited Partnership invested in 41,244 shares. Weaver C Barksdale & accumulated 0.02% or 601 shares.

Since March 9, 2018, it had 0 buys, and 16 selling transactions for $23.82 million activity. Donnelly Trish sold $398,182 worth of stock. McCreight David W. sold $1.98 million worth of stock. $613,235 worth of Urban Outfitters, Inc. (NASDAQ:URBN) was sold by Hollinger Calvin. Another trade for 60,000 shares valued at $2.30 million was made by STROUSE ROBERT H on Tuesday, April 10. ANTOIAN EDWARD N had sold 20,000 shares worth $762,902 on Wednesday, April 11. The insider Hayne Azeez sold 11,421 shares worth $405,331.

The stock of Urban Outfitters, Inc. (NASDAQ:URBN) hit a new 52-week high and has $44.81 target or 6.00 % above today’s $42.27 share price. The 8 months bullish chart indicates low risk for the $4.59 billion company. The 1-year high was reported on May, 18 by Barchart.com. If the $44.81 price target is reached, the company will be worth $275.28M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.15% or $0.49 during the last trading session, reaching $42.27. About 2.29 million shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 55.71% since May 18, 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 36.44 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. (NASDAQ:URBN) Ratings Coverage

Among 16 analysts covering Urban Outfitters (NASDAQ:URBN), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Urban Outfitters had 29 analyst reports since November 21, 2017 according to SRatingsIntel. JP Morgan maintained Urban Outfitters, Inc. (NASDAQ:URBN) on Tuesday, April 10 with “Overweight” rating. Robert W. Baird maintained the shares of URBN in report on Thursday, December 21 with “Buy” rating. The rating was maintained by RBC Capital Markets on Tuesday, March 6 with “Hold”. The firm has “Hold” rating given on Monday, November 20 by Oppenheimer. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) earned “Hold” rating by RBC Capital Markets on Tuesday, November 21. The firm earned “Neutral” rating on Tuesday, February 27 by B. Riley & Co. SunTrust maintained Urban Outfitters, Inc. (NASDAQ:URBN) rating on Friday, February 2. SunTrust has “Buy” rating and $40.0 target. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) earned “Hold” rating by FBR Capital on Tuesday, November 21. Robert W. Baird maintained the shares of URBN in report on Wednesday, January 10 with “Buy” rating. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) has “Overweight” rating given on Tuesday, November 21 by KeyBanc Capital Markets.

More recent Urban Outfitters, Inc. (NASDAQ:URBN) news were published by: Forbes.com which released: “Online Sales Growth To Drive Improvement For Urban Outfitters In The First Quarter” on May 18, 2018. Also Nasdaq.com published the news titled: “3 Red-Hot Retail Stocks to Trade Today!” on April 23, 2018. Seekingalpha.com‘s news article titled: “Macy’s steps in as mall hero” with publication date: May 16, 2018 was also an interesting one.

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 44.03 P/E ratio. The firm retails womenÂ’s and menÂ’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 womenÂ’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.

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

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