Finally Time For Investors to Buy? MKM Partners Upgrades Urban Outfitters (NASDAQ:URBN), With $41.0000 Target

May 17, 2018 - By Hazel Jackson

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 increased, 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.

Citadel Advsr Ltd Limited Liability Company has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Schroder Mngmt Gru owns 265,600 shares. Ls Advisors Limited Liability owns 5,405 shares for 0.01% of their portfolio. Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Moreover, Matarin Mngmt Limited Liability Corp has 0.04% invested in Urban Outfitters, Inc. (NASDAQ:URBN). Sun Life invested in 0.02% or 5,660 shares. Parametric Portfolio Assocs Limited Company has 260,576 shares for 0.01% of their portfolio. Credit Suisse Ag has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Orrstown Finance Inc holds 170 shares. Paloma Prns Management stated it has 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). Whittier Comm holds 64 shares or 0% of its portfolio. 9,423 are owned by Rafferty Asset Management Ltd Liability Com. Magnetar Finance Ltd Company holds 0.01% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 7,445 shares. Art Advisors Ltd Limited Liability Company owns 112,100 shares or 0.17% of their US portfolio. 1492 Cap Mngmt holds 0.6% or 22,077 shares.

Since March 9, 2018, it had 0 insider purchases, and 16 insider sales for $23.82 million activity. 800 shares were sold by Hayne Azeez, worth $31,209 on Monday, April 9. Donnelly Trish sold $398,182 worth of stock or 10,311 shares. $1.51M worth of Urban Outfitters, Inc. (NASDAQ:URBN) was sold by Hayne Margaret. STROUSE ROBERT H sold $2.30 million worth of Urban Outfitters, Inc. (NASDAQ:URBN) on Tuesday, April 10. Another trade for 20,000 shares valued at $714,156 was sold by LAWSON JOEL S III. The insider BELAIR SCOTT A sold $1.10 million.

Urban Outfitters (NASDAQ:URBN) Stock Upgrade

The stock rating of Urban Outfitters (NASDAQ:URBN) shares was upgraded by expert analysts at MKM Partners to a respectable Hold. They currently have a TP of $41.0000 on URBN. MKM Partners’s TP indicates a possible downside of -3.12 % from the stock close price of the company.

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. Robert W. Baird maintained the shares of URBN in report on Friday, November 17 with “Buy” rating. On Wednesday, January 10 the stock rating was maintained by Robert W. Baird with “Buy”. RBC Capital Markets maintained it with “Hold” rating and $30.0 target in Tuesday, November 21 report. RBC Capital Markets maintained the shares of URBN in report on Tuesday, March 6 with “Hold” rating. The rating was upgraded by J.P. Morgan to “Buy” on Tuesday, November 21. Oppenheimer maintained the stock with “Hold” rating in Monday, November 20 report. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Wednesday, March 7. The stock has “Hold” rating by RBC Capital Markets on Friday, February 9. Morgan Stanley maintained Urban Outfitters, Inc. (NASDAQ:URBN) on Wednesday, March 7 with “Equal-Weight” rating. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) has “Buy” rating given on Thursday, December 21 by Robert W. Baird.

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 earnings per share, up 123.08 % or $0.16 from last year’s $0.13 per share. URBN’s profit will be $31.48 million 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: Nasdaq.com which released: “3 Red-Hot Retail Stocks to Trade Today!” on April 23, 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, Seekingalpha.com published: “Macy’s steps in as mall hero” on May 16, 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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