Economy

The Latest Analyst Coverage For Netflix, Inc. (NFLX), Urban Outfitters, Inc. (URBN)

Is Urban Outfitters, Inc. (NASDAQ:URBN). The circumstantial evidence specially high/lower types of ownership has a vital gauge for investing research process and it should be done carefully, as rather than offering help in finding value; it can sometimes give false signals and lead an investor astray. The institutional investor purchased 16,588 shares of the apparel retailer's stock, valued at approximately $573,000.

A number of other hedge funds also recently made changes to their positions in URBN.

Alliancebernstein L.P. decreased its stake in Urban Outfitters, Inc. State Treasurer State of MI now owns 30,119 shares of the apparel retailer's stock valued at $828,000 after buying an additional 200 shares in the last quarter.

According to Zacks, "Urban Outfitter shares have taken a sharp U-turn following better-than-expected second-quarter fiscal 2018 results for the first time in trailing four quarters". IBM Retirement Fund now owns 9,019 shares of the apparel retailer's stock valued at $248,000 after buying an additional 299 shares in the last quarter. ING Groep NV purchased a new position in shares of Urban Outfitters in the second quarter worth about $206,000. LS Investment Advisors LLC increased its stake in shares of Urban Outfitters by 12.5% in the second quarter. California Employees Retirement System holds 0.01% of its portfolio in Urban Outfitters, Inc. About 1.01M shares traded. URBN 's 20-day moving average now sits below its 100-day moving average. The company has market cap of $1.73 billion.

Urban Outfitters, Inc. (URBN) knifed -0.21 percent lower and now trades for $23.72. Urban Outfitters, Inc. (URBN) has declined 30.56% since October 19, 2016 and is downtrending. They expect $0.33 earnings per share, down 17.50% or $0.07 from last year's $0.4 per share. The firm had revenue of $890.57 million for the quarter, compared to the consensus estimate of $886.39 million. Return on equity was booked as 13.30% while return on assets was 9.10%. Urban Outfitters's revenue for the quarter was down 2.0% compared to the same quarter previous year.

The consensus recommendation - averaging the work of 26 analysts - of 2.7 for Urban Outfitters, Inc. Bofl Holding Inc had 14 analyst reports since August 5, 2015 according to SRatingsIntel. Wolfe Research upgraded shares of Urban Outfitters from a "peer perform" rating to an "outperform" rating and increased their price target for the stock from $36.00 to $43.00 in a research report on Wednesday, September 7th. Finally, BMO Capital Markets set a $20.00 price objective on Urban Outfitters and gave the company a hold rating in a report on Tuesday, August 8th. Finally, Pacer Advisors Inc. increased its stake in shares of Urban Outfitters by 6.4% in the second quarter. The average 1-year price target for (URBN) reveals an average price target of $21.62 per share. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company's stock. The rating was downgraded by Wunderlich to "Hold" on Wednesday, November 23. The firm owned 104,738 shares of the apparel retailer's stock after selling 5,637 shares during the period.

Urban Outfitters announced that its board has approved a stock buyback plan on Thursday, August 24th that permits the company to repurchase $20.00 million in shares. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. On Monday, February 27 the stock rating was downgraded by M Partners to "Sell". The stock presently has an average rating of "Hold" and an average price target of $22.39. The disclosure for this sale can be found here. Insider ownership during the a year ago has decreased by a net of 98664 shares.

Urban Outfitters, Inc (Urban Outfitters) is a lifestyle retail company. The Firm operates through two divisions: natural gas activities and construction services, which includes the activities of the Company's subsidiary, Centuri Construction Group, Inc. The Retail segment consists of the Company's Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company's customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.



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