Time to Reconsider Urban Outfitters, Inc. (URBN) After Touching 52-Week High?

April 17, 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.
Magnetar Financial Lc reported 7,445 shares stake. Shelton Cap Mngmt invested 0.02% in Urban Outfitters, Inc. (NASDAQ:URBN). Moreover, Parametric Port Associates Limited Co has 0.01% invested in Urban Outfitters, Inc. (NASDAQ:URBN). 47,000 were accumulated by Numeric Investors Ltd. Arrowstreet Ltd Partnership holds 0.03% or 361,639 shares in its portfolio. Aimz Ltd Co invested 1.63% in Urban Outfitters, Inc. (NASDAQ:URBN). North Star Inv Management holds 0% or 700 shares. Virtus Advisers Incorporated, Connecticut-based fund reported 12,227 shares. Sg Americas Secs Ltd Limited Liability Company accumulated 18,955 shares. Aperio Gp Ltd reported 32,425 shares stake. Highbridge Cap Mngmt Lc stated it has 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Turtle Creek Asset Management Incorporated has 2.16% invested in Urban Outfitters, Inc. (NASDAQ:URBN). Nuveen Asset Management Lc reported 182,331 shares. Guernsey-based Bluecrest Cap Management Ltd has invested 0.02% in Urban Outfitters, Inc. (NASDAQ:URBN). Bridgewater Associate Lp has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN).

Since March 9, 2018, it had 0 buys, and 12 sales for $14.61 million activity. 20,000 Urban Outfitters, Inc. (NASDAQ:URBN) shares with value of $738,060 were sold by LAWSON JOEL S III. The insider Conforti Frank sold $738,593. $2.30 million worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares were sold by STROUSE ROBERT H. BELAIR SCOTT A sold $1.10M worth of stock. 800 shares valued at $31,209 were sold by Hayne Azeez on Monday, April 9. $398,182 worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares were sold by Donnelly Trish.

The stock of Urban Outfitters, Inc. (NASDAQ:URBN) hit a new 52-week high and has $41.98 target or 6.00 % above today’s $39.60 share price. The 5 months bullish chart indicates low risk for the $4.30B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $41.98 price target is reached, the company will be worth $257.88M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.03% or $0.01 during the last trading session, reaching $39.6. About 434,121 shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 55.71% since April 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, 15. They expect $0.28 EPS, up 115.38 % or $0.15 from last year’s $0.13 per share. URBN’s profit will be $30.39 million for 35.36 P/E if the $0.28 EPS becomes a reality. After $0.69 actual EPS reported by Urban Outfitters, Inc. for the previous quarter, Wall Street now forecasts -59.42 % negative EPS growth.

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

Among 16 analysts covering Urban Outfitters (NASDAQ:URBN), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Urban Outfitters had 34 analyst reports since October 23, 2017 according to SRatingsIntel. Robert W. Baird maintained Urban Outfitters, Inc. (NASDAQ:URBN) on Monday, October 30 with “Buy” rating. As per Friday, February 9, the company rating was maintained by RBC Capital Markets. The firm earned “Overweight” rating on Tuesday, April 10 by JP Morgan. As per Wednesday, March 7, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Hold” rating on Tuesday, March 6 by BMO Capital Markets. The firm has “Buy” rating by Wolfe Research given on Wednesday, November 15. Wells Fargo maintained Urban Outfitters, Inc. (NASDAQ:URBN) on Wednesday, March 7 with “Hold” rating. On Wednesday, March 7 the stock rating was maintained by FBR Capital with “Hold”. Wells Fargo maintained the stock with “Hold” rating in Tuesday, November 21 report. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, January 10 report.

Urban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company has market cap of $4.30 billion. It operates through two divisions, Retail and Wholesale. It has a 41.25 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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