November 23, 2016 - By Darrin Black
Urban Outfitters Inc (NASDAQ:URBN)‘s rating was downgraded by expert analysts at Wunderlich from a Buy rating to a Hold rating in a note published on Wednesday, 23 November.
Out of 30 analysts covering Urban Outfitters Inc. (NASDAQ:URBN), 10 rate it a “Buy”, 0 “Sell”, while 20 “Hold”. This means 33% are positive. $53 is the highest target while $20 is the lowest. The $32.48 average target is -7.23% below today’s ($35.01) stock price. Urban Outfitters Inc. has been the topic of 74 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock has “Mkt Perform” rating given by FBR Capital on Tuesday, November 17. The firm earned “Hold” rating on Wednesday, August 17 by Wunderlich. As per Wednesday, August 17, the company rating was maintained by BMO Capital Markets. The rating was maintained by Jefferies with “Buy” on Wednesday, August 17. As per Tuesday, March 8, the company rating was maintained by Stifel Nicolaus. Morgan Stanley downgraded Urban Outfitters, Inc. (NASDAQ:URBN) on Thursday, November 17 to “Equal-Weight” rating. Telsey Advisory Group downgraded Urban Outfitters, Inc. (NASDAQ:URBN) rating on Tuesday, November 17. Telsey Advisory Group has “Market Perform” rating and $23 price target. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, February 18. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, November 17. The rating was maintained by Nomura with “Neutral” on Wednesday, August 17.
About 8.99 million shares traded hands or 261.04% up from the average. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 25.92% since April 21, 2016 and is uptrending. It has outperformed by 20.59% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.12, from 1.07 in 2016Q1. The ratio improved, 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.
Tudor Invest Corp Et Al has 0.01% invested in the company for 10,565 shares. Teachers Advisors accumulated 0.01% or 149,508 shares. Meeder Asset last reported 32,918 shares in the company. The Kansas-based Creative Planning has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Tci Wealth last reported 0% of its portfolio in the stock. Teton Advsrs Incorporated has 0.14% invested in the company for 57,460 shares. Airain accumulated 0.36% or 228,023 shares. Canada Pension Plan Invest Board last reported 357,072 shares in the company. Alliancebernstein Ltd Partnership reported 182,284 shares or 0% of all its holdings. Jefferies Gp Limited Liability Com last reported 10,403 shares in the company. The Ontario – Canada-based Commercial Bank Of Montreal Can has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Principal Group Inc accumulated 145,089 shares or 0.01% of the stock. Retirement Of Alabama last reported 0.01% of its portfolio in the stock. Moreover, Dupont Capital Management has 0.04% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 70,136 shares. Boston Advisors Limited Liability Company accumulated 0.11% or 161,270 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 2 sales for $399,767 net activity. On Tuesday, May 24 Conforti Frank sold $93,159 worth of the stock or 3,300 shares. $250,087 worth of Urban Outfitters, Inc. (NASDAQ:URBN) was sold by Hayne Azeez on Monday, November 14.
Urban Outfitters, Inc. is a lifestyle specialty retail company. The company has a market cap of $4.31 billion. The Firm operates through two divisions: Retail and Wholesale. It has a 18.03 P/E ratio. 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.
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.”
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.
More notable recent Urban Outfitters, Inc. (NASDAQ:URBN) news were published by: Investorplace.com which released: “Urban Outfitters, Inc. (URBN) Shares Plunge on Q3 Earnings Results” on November 23, 2016, also Wsj.com with their article: “Urban Outfitters Rally Has Gone Too Far” published on November 21, 2016, Usatoday.com published: “Navajo Nation, Urban Outfitters settle designs suit” on November 18, 2016. More interesting news about Urban Outfitters, Inc. (NASDAQ:URBN) were released by: Nasdaq.com and their article: “Earnings Reaction History: Urban Outfitters, Inc., 66.7% Follow-Through …” published on November 22, 2016 as well as Nasdaq.com‘s news article titled: “Agree To Purchase Urban Outfitters At $23, Earn 8.3% Using Options” with publication date: November 23, 2016.
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By Darrin Black