MKM Partners Issues an Upgrade on Urban Outfitters (URBN) Shares. What’s Next?

May 16, 2018 - By Dolores Ford

Urban Outfitters, Inc. (NASDAQ:URBN) Logo

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

Maplelane Cap Limited Liability Company stated it has 1 shares or 0% of all its holdings. North Star Investment Corporation reported 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Stone Ridge Asset Mgmt Ltd holds 0.14% or 62,345 shares in its portfolio. Envestnet Asset Mgmt owns 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 550 shares. Point72 Asia (Hong Kong) Limited holds 1,097 shares. Moreover, Marshall Wace Ltd Liability Partnership has 0.03% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 23,366 shares. Magnetar Finance Lc, Illinois-based fund reported 7,445 shares. M&T State Bank has invested 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). Highbridge Capital Mgmt Limited Liability Corp has 10,426 shares for 0.01% of their portfolio. Quantitative Systematic Strategies Limited Liability holds 0.13% or 14,414 shares in its portfolio. Ameritas Invest Prns owns 24,341 shares or 0.04% of their US portfolio. Mutual Of America Limited Liability Corporation stated it has 0.04% in Urban Outfitters, Inc. (NASDAQ:URBN). Whittier Of Nevada owns 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 85 shares. Neuberger Berman Grp Inc Limited Liability Corp reported 0% stake. Nuveen Asset Management Lc has invested 0.04% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN).

Since March 9, 2018, it had 0 insider buys, and 16 sales for $23.82 million activity. Another trade for 10,311 shares valued at $398,182 was sold by Donnelly Trish. The insider BELAIR SCOTT A sold 30,000 shares worth $1.10M. LAWSON JOEL S III sold 20,000 shares worth $773,868. ANTOIAN EDWARD N also sold $762,902 worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares. $2.30M worth of Urban Outfitters, Inc. (NASDAQ:URBN) was sold by STROUSE ROBERT H on Tuesday, April 10. Conforti Frank had sold 20,941 shares worth $738,593.

Urban Outfitters (URBN) Stock Upgrade

It will be interesting to watch today’s trading of shares of Urban Outfitters (URBN) as MKM Partners upgraded the stock from a “Sell” to a respectable “Neutral”.

The stock increased 3.73% or $1.52 during the last trading session, reaching $42.32. About 3.10M shares traded or 37.95% up from the average. Urban Outfitters, Inc. (URBN) has risen 55.71% since May 17, 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 $31.48 million for 36.48 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 $4.59 billion. It operates through two divisions, Retail and Wholesale. It has a 44.08 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: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” on May 16, 2018, also Streetinsider.com with their article: “Einhorn’s Greenlight Capital Enters Office Depot (ODP), Abercrombie & Fitch (ANF) (more…) – 13F” published on May 15, 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: Seekingalpha.com and their article: “Macy’s steps in as mall hero” published on May 16, 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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