Time to Buy Urban Outfitters, Inc. (URBN) After The Completion of This Wedge Up Chart Pattern?

May 25, 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.
Millrace Asset Group has invested 0.88% in Urban Outfitters, Inc. (NASDAQ:URBN). Asset Mgmt reported 0.01% stake. State Treasurer State Of Michigan reported 0.01% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). Gotham Asset Management Ltd Com reported 71,060 shares or 0.04% of all its holdings. Hsbc Hldg Public Limited Liability Corp invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Bluecrest Cap Mgmt accumulated 18,379 shares. Of Vermont holds 3,150 shares. Qs Investors Limited Liability Corp has 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 12 shares. Blackrock Inc holds 0.02% or 9.25M shares. Magnetar Fincl Limited Liability Corporation, Illinois-based fund reported 7,445 shares. The North Carolina-based Comml Bank Of America De has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Royal Bancorporation Of Canada has 20,932 shares for 0% of their portfolio. Voya Invest Management Lc has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Profund Advisors Ltd Llc accumulated 9,445 shares or 0.01% of the stock. Orrstown Svcs Incorporated has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN).

Since March 9, 2018, it had 0 insider buys, and 16 insider sales for $23.82 million activity. The insider BELAIR SCOTT A sold 30,000 shares worth $1.10 million. On Monday, March 12 the insider LAWSON JOEL S III sold $714,156. $2.30M worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares were sold by STROUSE ROBERT H. Shares for $5.68 million were sold by McCreight David W.. 20,000 shares valued at $781,900 were sold by CHERKEN HARRY S JR on Thursday, April 12. $31,209 worth of Urban Outfitters, Inc. (NASDAQ:URBN) was sold by Hayne Azeez on Monday, April 9.

The stock of Urban Outfitters, Inc. (URBN) formed an up wedge with $44.85 target or 6.00 % above today’s $42.31 share price. The 8 months wedge indicates low risk for the $4.59B company. If the $44.85 price target is reached, the company will be worth $275.58M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.28% or $0.12 during the last trading session, reaching $42.31. About 607,554 shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 55.71% since May 25, 2017 and is uptrending. It has outperformed by 44.16% the S&P500.

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

Among 15 analysts covering Urban Outfitters (NASDAQ:URBN), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Urban Outfitters had 25 analyst reports since December 11, 2017 according to SRatingsIntel. Wells Fargo maintained Urban Outfitters, Inc. (NASDAQ:URBN) rating on Wednesday, March 7. Wells Fargo has “Hold” rating and $39.0 target. Oppenheimer maintained Urban Outfitters, Inc. (NASDAQ:URBN) on Tuesday, May 22 with “Hold” rating. Oppenheimer maintained Urban Outfitters, Inc. (NASDAQ:URBN) on Tuesday, March 6 with “Hold” rating. SunTrust maintained the stock with “Buy” rating in Friday, February 2 report. SunTrust maintained the stock with “Buy” rating in Monday, December 11 report. On Wednesday, March 7 the stock rating was maintained by FBR Capital with “Hold”. RBC Capital Markets maintained Urban Outfitters, Inc. (NASDAQ:URBN) rating on Tuesday, March 6. RBC Capital Markets has “Hold” rating and $40.0 target. The rating was maintained by Buckingham Research on Thursday, March 8 with “Buy”. The firm has “Buy” rating given on Wednesday, March 7 by SunTrust. As per Wednesday, January 10, the company rating was maintained by Robert W. Baird.

More news for Urban Outfitters, Inc. (NASDAQ:URBN) were recently published by: 247Wallst.com, which released: “Urban Outfitters Sees Muted Reaction Despite Record Q1 Revenues” on May 23, 2018. Streetinsider.com‘s article titled: “After-Hours Stock Movers 05/22: (ARCO) (HEAR) (MET) Higher; (RRGB) (TCS) (URBN) Lower (more…)” and published on May 22, 2018 is yet another important article.

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 44.07 P/E ratio. The firm retails womenÂ’s and menÂ’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 womenÂ’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.

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

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