What Can We Expect After Urban Outfitters (NASDAQ:URBN)’s Upgrade By MKM Partners?

May 16, 2018 - By Adrian Mccoy

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 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.

Davidson Kempner Cap Mngmt L P owns 425,000 shares. Maplelane Capital Limited Liability has 1 shares. Guggenheim Ltd Liability owns 14,233 shares. Contravisory Inv Mgmt holds 11,805 shares or 0.15% of its portfolio. Tiaa Cref Mgmt Ltd Limited Liability Company holds 0.01% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 216,973 shares. Employees Retirement Systems Of Texas holds 0% or 8,000 shares in its portfolio. Invesco holds 0.01% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 1.13M shares. Lenox Wealth Advisors holds 150 shares or 0% of its portfolio. Emerald Advisers Pa stated it has 8,465 shares or 0.01% of all its holdings. Tower Rech Limited Liability Company (Trc) holds 0.01% or 2,442 shares in its portfolio. Arizona State Retirement Systems holds 0.02% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 57,651 shares. Magnetar Financial Ltd Liability Corp invested in 7,445 shares. Neuberger Berman Grp Inc Ltd Liability Corp, New York-based fund reported 8,194 shares. Engineers Gate Manager Limited Partnership invested in 99,236 shares. Blackrock stated it has 0.02% in Urban Outfitters, Inc. (NASDAQ:URBN).

Since March 9, 2018, it had 0 insider purchases, and 16 selling transactions for $23.82 million activity. $5.30 million worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares were sold by BELAIR SCOTT A. On Friday, March 9 the insider Conforti Frank sold $738,593. LAWSON JOEL S III had sold 20,000 shares worth $773,868. Hollinger Calvin sold $613,235 worth of stock. 800 shares valued at $31,209 were sold by Hayne Azeez on Monday, April 9. CHERKEN HARRY S JR had sold 20,000 shares worth $781,900 on Thursday, April 12.

Urban Outfitters (NASDAQ:URBN) Stock Upgrade

In a report revealed to clients on Wednesday, 16 May, MKM Partners upped shares of Urban Outfitters (NASDAQ:URBN) to a solid Neutral rating from their previous Sell rating.

Urban Outfitters, Inc. (NASDAQ:URBN) Ratings Coverage

Among 15 analysts covering Urban Outfitters (NASDAQ:URBN), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Urban Outfitters has $46 highest and $24.0 lowest target. $40’s average target is -5.48% below currents $42.32 stock price. Urban Outfitters had 29 analyst reports since November 17, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Monday, December 18 by Jefferies. The firm has “Buy” rating by Jefferies given on Wednesday, March 7. On Wednesday, January 10 the stock rating was maintained by Robert W. Baird with “Buy”. The rating was maintained by KeyBanc Capital Markets on Wednesday, March 7 with “Overweight”. The rating was maintained by SunTrust with “Buy” on Monday, December 11. The firm has “Hold” rating by Oppenheimer given on Tuesday, March 6. On Thursday, March 8 the stock rating was maintained by Buckingham Research with “Buy”. The firm earned “Market Perform” rating on Tuesday, November 21 by BMO Capital Markets. The firm has “Buy” rating given on Thursday, December 21 by Robert W. Baird. The firm earned “Hold” rating on Tuesday, November 21 by Wells Fargo.

The stock increased 3.73% or $1.52 during the last trading session, reaching $42.32. About 3.10 million shares traded or 37.95% up from the average. Urban Outfitters, Inc. (NASDAQ: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 $31.48M 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: Seekingalpha.com which released: “Macy’s steps in as mall hero” on May 16, 2018, also Streetinsider.com with their article: “Notable Call Buying Urban Outfitters (URBN) into 1Q Earnings on 5/22, Targets 4.5% Upside in Shares by June …” published on May 14, 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: Streetinsider.com and their article: “Einhorn’s Greenlight Capital Enters Office Depot (ODP), Abercrombie & Fitch (ANF) (more…) – 13F” published on May 15, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” with publication date: May 16, 2018.

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

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