MKM Partners Has Just Given Urban Outfitters (NASDAQ:URBN) a Higher Rating. The Target Price per Share is $41.0000

May 17, 2018 - By Adrian Mccoy

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 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.

Geode Capital Mgmt Ltd Liability Corporation holds 764,123 shares or 0.01% of its portfolio. Osborne Prtn Cap Mgmt Ltd Liability holds 163,075 shares. World Asset Management has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Winfield Associate holds 80 shares or 0% of its portfolio. Glenmede Trust Na has 99 shares. Moreover, Engineers Gate Manager L P has 0.24% invested in Urban Outfitters, Inc. (NASDAQ:URBN). Schwab Charles Mgmt owns 357,895 shares. Orrstown Financial holds 170 shares. Mutual Of America Mngmt Ltd Liability Corporation holds 65,809 shares or 0.04% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 5,094 shares. Magnetar Limited Liability Company owns 0.01% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 7,445 shares. Global X Ltd Com has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Whittier Trust Com Of Nevada Incorporated accumulated 0% or 85 shares. Blair William And Il reported 0.01% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). Soros Fund Management Ltd Llc, a New York-based fund reported 1.02 million shares.

Since March 9, 2018, it had 0 insider buys, and 16 sales for $23.82 million activity. LAWSON JOEL S III sold 20,000 shares worth $714,156. On Wednesday, April 11 the insider ANTOIAN EDWARD N sold $762,902. The insider Hayne Margaret sold 41,100 shares worth $1.51 million. 20,000 shares were sold by CHERKEN HARRY S JR, worth $781,900 on Thursday, April 12. Hayne Azeez had sold 11,421 shares worth $405,331 on Friday, March 9. McCreight David W. sold $5.68M worth of Urban Outfitters, Inc. (NASDAQ:URBN) on Thursday, April 12.

Urban Outfitters (NASDAQ:URBN) Stock Upgrade

Trading for shares of Urban Outfitters (NASDAQ:URBN) will be watched closely today, as MKM Partners upped the stock to a solid rating of a “Hold”. In addition to their ratings upgrade, MKM Partners set a target price of $41.0000 which was -3.12 % higher.

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 Wednesday, March 7 by Jefferies. The firm has “Buy” rating given on Monday, December 11 by SunTrust. The firm earned “Equal-Weight” rating on Wednesday, March 7 by Morgan Stanley. The firm has “Market Perform” rating given on Tuesday, November 21 by BMO Capital Markets. The stock has “Overweight” rating by JP Morgan on Tuesday, November 21. On Monday, November 20 the stock rating was maintained by Oppenheimer with “Hold”. FBR Capital maintained Urban Outfitters, Inc. (NASDAQ:URBN) rating on Tuesday, November 21. FBR Capital has “Hold” rating and $24.0 target. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, March 6. On Tuesday, April 10 the stock rating was maintained by JP Morgan with “Overweight”. The rating was maintained by Buckingham Research on Thursday, March 8 with “Buy”.

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. (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 EPS, 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 EPS 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: Streetinsider.com which released: “Notable Call Buying Urban Outfitters (URBN) into 1Q Earnings on 5/22, Targets 4.5% Upside in Shares by June …” on May 14, 2018, also Nasdaq.com with their article: “3 Red-Hot Retail Stocks to Trade Today!” published on April 23, 2018, Streetinsider.com published: “Einhorn’s Greenlight Capital Enters Office Depot (ODP), Abercrombie & Fitch (ANF) (more…) – 13F” on May 15, 2018. More interesting news about Urban Outfitters, Inc. (NASDAQ:URBN) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Macy’s steps in as mall hero” with publication date: May 16, 2018.

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

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