Urban Outfitters (NASDAQ:URBN) Receives a Higher Rating From MKM Partners. What’s The Reasoning Behind This Move?

May 16, 2018 - By Darrin Black

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.

Bryn Mawr Tru Co has 0.01% invested in Urban Outfitters, Inc. (NASDAQ:URBN). Jpmorgan Chase holds 0% in Urban Outfitters, Inc. (NASDAQ:URBN) or 514,504 shares. Citigroup stated it has 4,549 shares or 0% of all its holdings. Salem Counselors invested in 0% or 25 shares. Sg Americas Securities Ltd Liability Com has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Fmr Limited Co, Massachusetts-based fund reported 5.36M shares. Stone Ridge Asset Management Limited Liability, a New York-based fund reported 62,345 shares. Zacks Invest Mgmt accumulated 0.02% or 30,715 shares. Employees Retirement System Of Texas invested in 0% or 8,000 shares. Commerzbank Aktiengesellschaft Fi has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Moreover, Bancorp Of Montreal Can has 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 8,929 shares. 200 are owned by Architects Incorporated. Teachers Retirement System Of The State Of Kentucky reported 0.01% stake. Great West Life Assurance Com Can, Manitoba – Canada-based fund reported 45,863 shares. Bridgewater Assocs Limited Partnership owns 27,934 shares.

Since March 9, 2018, it had 0 insider buys, and 16 insider sales for $23.82 million activity. On Wednesday, March 21 the insider Hayne Margaret sold $1.51 million. $1.98 million worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares were sold by McCreight David W.. Shares for $405,331 were sold by Hayne Azeez. $738,593 worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares were sold by Conforti Frank. $762,902 worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares were sold by ANTOIAN EDWARD N. On Tuesday, April 10 STROUSE ROBERT H sold $2.30M worth of Urban Outfitters, Inc. (NASDAQ:URBN) or 60,000 shares.

Urban Outfitters (NASDAQ:URBN) Stock Upgrade

In an analyst note shared with investors on Wednesday, 16 May, equity research analysts at the MKM Partners equities division upgraded shares of Urban Outfitters (NASDAQ:URBN) stock from a “Sell” to a respectable “Neutral” 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 -5.10% below currents $42.15 stock price. Urban Outfitters had 29 analyst reports since November 17, 2017 according to SRatingsIntel. The stock has “Buy” rating by SunTrust on Friday, February 2. The rating was maintained by Buckingham Research on Thursday, March 8 with “Buy”. The firm has “Overweight” rating by JP Morgan given on Tuesday, April 10. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, March 7. As per Tuesday, March 6, the company rating was maintained by RBC Capital Markets. Wells Fargo maintained the stock with “Hold” rating in Wednesday, March 7 report. The stock has “Hold” rating by Wells Fargo on Tuesday, November 21. The rating was upgraded by JP Morgan on Tuesday, November 21 to “Overweight”. As per Wednesday, January 10, the company rating was maintained by Robert W. Baird. KeyBanc Capital Markets maintained it with “Overweight” rating and $35 target in Tuesday, November 21 report.

The stock increased 3.31% or $1.35 during the last trading session, reaching $42.15. About 1.95 million shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 55.71% since May 16, 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 36.34 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 $4.58 billion. It operates through two divisions, Retail and Wholesale. It has a 43.91 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 Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” published on May 16, 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: Nasdaq.com and their article: “3 Red-Hot Retail Stocks to Trade Today!” published on April 23, 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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