Could Urban Outfitters, Inc. (URBN) Gain Strenght After Forming Double Bottom?

September 17, 2017 - By Marguerite Chambers

Investors sentiment decreased to 1.09 in Q4 2016. Its down 0.10, from 1.19 in 2016Q3. It is negative, as 48 investors sold Urban Outfitters, Inc. shares while 89 reduced holdings. 47 funds opened positions while 102 raised stakes. 85.37 million shares or 1.17% less from 86.38 million shares in 2016Q3 were reported.
Citadel Ltd Liability owns 644,758 shares or 0.02% of their US portfolio. United Automobile Association reported 234,289 shares or 0.02% of all its holdings. Proshare Advsrs Limited, Maryland-based fund reported 15,867 shares. Thompson Investment Mgmt Inc reported 92,468 shares. Legal & General Gp Public Limited Com invested in 0% or 84,385 shares. Glenmede Trust Na owns 4,224 shares. Nationwide Fund Advsr stated it has 502,725 shares. State Of Tennessee Treasury Department invested in 0% or 27,519 shares. Btim Corp reported 240,848 shares stake. Tudor Inv Et Al stated it has 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Wells Fargo Mn invested in 973,158 shares or 0.01% of the stock. Virtus Invest Advisers stated it has 14,108 shares. Jane Street Ltd Com invested in 0% or 13,890 shares. Horizon Kinetics Ltd holds 14,707 shares. Massachusetts-based Acadian Asset Mgmt has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN).

The chart of Urban Outfitters, Inc. (URBN) shows a double bottom with $21.39 target or 6.00 % below today’s $22.76 share price. The 9 months chart pattern indicates high risk for the $2.50B company. It was reported on Sep, 17 by Finviz.com. If the $21.39 price target is reached, the company will be worth $150.00M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.04% or $0.01 on September 15, reaching $22.76. About 3.43 million shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has declined 30.56% since September 17, 2016 and is downtrending. It has underperformed by 47.26% the S&P500.

Analysts await Urban Outfitters, Inc. (NASDAQ:URBN) to report earnings on November, 28. They expect $0.33 earnings per share, down 17.50 % or $0.07 from last year’s $0.4 per share. URBN’s profit will be $36.25 million for 17.24 P/E if the $0.33 EPS becomes a reality. After $0.44 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. (NASDAQ:URBN) Ratings Coverage

Among 33 analysts covering Urban Outfitters Inc. (NASDAQ:URBN), 11 have Buy rating, 2 Sell and 20 Hold. Therefore 33% are positive. Urban Outfitters Inc. had 97 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, April 1 by Goldman Sachs. Jefferies maintained the shares of URBN in report on Wednesday, August 16 with “Buy” rating. The company was maintained on Tuesday, November 17 by UBS. As per Tuesday, November 17, the company rating was maintained by FBR Capital. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, August 22. The firm has “Neutral” rating by M Partners given on Thursday, September 17. As per Wednesday, October 7, the company rating was initiated by Citigroup. As per Tuesday, April 4, the company rating was downgraded by Citigroup. The rating was downgraded by M Partners on Monday, February 27 to “Sell”. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, November 17.

More notable recent Urban Outfitters, Inc. (NASDAQ:URBN) news were published by: Nasdaq.com which released: “Osmium Partners, LLC Buys Urban Outfitters Inc, Franklin Covey Co, Travelzoo …” on August 18, 2017, also Seekingalpha.com with their article: “Urban Outfitters’ Issues May Be Worse Than You Think” published on September 01, 2017, Nasdaq.com published: “Urban Outfitters Reaches Analyst Target Price” on September 14, 2017. More interesting news about Urban Outfitters, Inc. (NASDAQ:URBN) were released by: Fool.com and their article: “Why Urban Outfitters, Pure Storage, and Adamas Pharmaceuticals Jumped Today” published on August 25, 2017 as well as Fool.com‘s news article titled: “Apparel Retailers Are Struggling, and Urban Outfitters’ Pain Is Relative” with publication date: September 03, 2017.

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