B. Riley FBR Raises their Rating for Shares of Urban Outfitters (NASDAQ:URBN). Are Other Analysts Next?

October 2, 2018 - By Hazel Jackson

Urban Outfitters, Inc. (NASDAQ:URBN) Logo

Investors sentiment increased to 1.62 in Q2 2018. Its up 0.51, from 1.11 in 2018Q1. It is positive, as 29 investors sold Urban Outfitters, Inc. shares while 72 reduced holdings. 63 funds opened positions while 101 raised stakes. 81.50 million shares or 9.61% more from 74.36 million shares in 2018Q1 were reported.

Manufacturers Life Ins The holds 0.01% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 128,698 shares. Parametric Port Assoc Ltd Liability Corp holds 0.02% or 387,730 shares in its portfolio. North Star Investment Mgmt has 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 700 shares. New York State Common Retirement Fund holds 0.01% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 220,978 shares. Tudor Inv Et Al has 0.16% invested in Urban Outfitters, Inc. (NASDAQ:URBN). 18,323 were accumulated by Thrivent For Lutherans. The Pennsylvania-based Bryn Mawr Trust has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Gam Holdings Ag owns 22,888 shares. Moreover, Legal And General Gru Public Ltd Liability Company has 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 114,336 shares. Teachers Retirement Systems Of The State Of Kentucky holds 18,436 shares. Snow Capital Mgmt Limited Partnership holds 0.08% in Urban Outfitters, Inc. (NASDAQ:URBN) or 37,709 shares. Fincl Bank Of America Corporation De reported 1.88 million shares. 11,317 are held by M&T Bank. Orrstown Financial Inc has 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN). Geode Cap Ltd Limited Liability Company stated it has 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN).

Since April 9, 2018, it had 0 insider buys, and 14 insider sales for $18.68 million activity. McCreight David W. had sold 147,319 shares worth $5.68M. Hayne Azeez had sold 800 shares worth $31,209. Another trade for 20,000 shares valued at $762,902 was sold by ANTOIAN EDWARD N. 80,000 shares valued at $3.38M were sold by STROUSE ROBERT H on Friday, May 25. $891,205 worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares were sold by Donnelly Trish. $781,900 worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares were sold by CHERKEN HARRY S JR.

Urban Outfitters (NASDAQ:URBN) Stock Upgrade

Shares of Urban Outfitters (NASDAQ:URBN) were upgraded by equity research analysts from B. Riley FBR from a Neutral rating to a much more attractive Buy rating in a note sent to investors on 2 October. B. Riley FBR after the upgrade has a $52 target price per share on shares, and their target price per share suggests a possible upside of 29.87 %.

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

Among 12 analysts covering Urban Outfitters (NASDAQ:URBN), 1 have Buy rating, 1 Sell and 10 Hold. Therefore 8% are positive. Urban Outfitters has $5300 highest and $35 lowest target. $45.30’s average target is 13.14% above currents $40.04 stock price. Urban Outfitters had 18 analyst reports since April 10, 2018 according to SRatingsIntel. JP Morgan maintained the stock with “Overweight” rating in Tuesday, April 10 report. As per Thursday, May 24, the company rating was maintained by FBR Capital. On Wednesday, August 22 the stock rating was maintained by Nomura with “Neutral”. The firm has “Sector Weight” rating given on Tuesday, July 10 by KeyBanc Capital Markets. Robert W. Baird downgraded Urban Outfitters, Inc. (NASDAQ:URBN) on Tuesday, August 14 to “Neutral” rating. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, June 12. Oppenheimer maintained the stock with “Hold” rating in Tuesday, May 22 report. Deutsche Bank maintained the shares of URBN in report on Tuesday, June 12 with “Sell” rating. The firm earned “Market Perform” rating on Wednesday, August 22 by Wells Fargo. FBR Capital maintained it with “Neutral” rating and $52 target in Wednesday, August 22 report.

The stock decreased 2.10% or $0.86 during the last trading session, reaching $40.04. About 2.63 million shares traded or 18.01% up from the average. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 97.02% since October 2, 2017 and is uptrending. It has outperformed by 81.40% the S&P500.

Analysts await Urban Outfitters, Inc. (NASDAQ:URBN) to report earnings on November, 19. They expect $0.63 earnings per share, up 53.66 % or $0.22 from last year’s $0.41 per share. URBN’s profit will be $68.76M for 15.89 P/E if the $0.63 EPS becomes a reality. After $0.84 actual earnings per share reported by Urban Outfitters, Inc. for the previous quarter, Wall Street now forecasts -25.00 % negative EPS growth.

Urban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company has market cap of $4.37 billion. It operates through two divisions, Retail and Wholesale. It has a 24.43 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 recent Urban Outfitters, Inc. (NASDAQ:URBN) news were published by: Nasdaq.com which released: “This Trendy Retailer Could Make Us A Big Gain” on September 19, 2018. Also Seekingalpha.com published the news titled: “Online fashion player Revolve files for IPO” on October 01, 2018. Nasdaq.com‘s news article titled: “URBN Provides Sales Update Prior to Goldman Sachs Conference” with publication date: September 06, 2018 was also an interesting one.

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

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