Is Urban Outfitters (NASDAQ:URBN) a Buy or a Sell? What Does Wedbush Think?

July 13, 2018 - By Eula Gilbert

Urban Outfitters, Inc. (NASDAQ:URBN) Logo

Investors sentiment increased to 1.11 in Q1 2018. Its up 0.13, from 0.98 in 2017Q4. It is positive, as 28 investors sold Urban Outfitters, Inc. shares while 86 reduced holdings. 58 funds opened positions while 69 raised stakes. 74.36 million shares or 5.84% less from 78.97 million shares in 2017Q4 were reported.

Signaturefd Ltd Limited Liability Company has 141 shares for 0% of their portfolio. Thompson Inv Management, Wisconsin-based fund reported 107,209 shares. Landscape Cap Management Lc stated it has 0.71% in Urban Outfitters, Inc. (NASDAQ:URBN). Point72 Asia (Hong Kong) reported 1,059 shares stake. Liberty Mutual Gp Asset Mgmt stated it has 0.02% in Urban Outfitters, Inc. (NASDAQ:URBN). 37 were reported by Hays Advisory Limited Liability Company. Price T Rowe Associates Inc Md stated it has 23,628 shares. Whittier Trust Of Nevada holds 85 shares. 14,200 are owned by Macquarie Grp Limited. State Of Wisconsin Inv Board has 0.01% invested in Urban Outfitters, Inc. (NASDAQ:URBN). Soros Fund Management Limited Liability Co, New York-based fund reported 569,339 shares. Amalgamated Bankshares holds 0.02% or 16,043 shares. 11,929 were accumulated by Walleye Trading Ltd. Cubist Systematic Strategies Ltd Liability Corporation holds 0.06% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 27,019 shares. Moreover, Legal And General Gp Public Limited has 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN).

Since March 9, 2018, it had 0 insider purchases, and 21 insider sales for $28.89 million activity. LAWSON JOEL S III sold $460,000 worth of Urban Outfitters, Inc. (NASDAQ:URBN) on Tuesday, June 5. Shares for $1.98M were sold by McCreight David W.. Hollinger Calvin also sold $613,235 worth of Urban Outfitters, Inc. (NASDAQ:URBN) on Friday, March 9. On Wednesday, March 28 BELAIR SCOTT A sold $1.10M worth of Urban Outfitters, Inc. (NASDAQ:URBN) or 30,000 shares. STROUSE ROBERT H had sold 80,000 shares worth $3.38M. Shares for $762,902 were sold by ANTOIAN EDWARD N on Wednesday, April 11.

Why Has Wedbush Given Urban Outfitters (NASDAQ:URBN) a $50 Price Target

Wedbush has just issued a Neutral rating for Urban Outfitters (NASDAQ:URBN) shares. The firm began coverage on shares of URBN in analysts report revealed on Friday, 13 July. This PT indicates upside of 11.79 % from the last stock close of Urban Outfitters (NASDAQ:URBN).

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

Among 18 analysts covering Urban Outfitters (NASDAQ:URBN), 6 have Buy rating, 1 Sell and 11 Hold. Therefore 33% are positive. Urban Outfitters has $5300 highest and $33 lowest target. $42.25’s average target is -5.53% below currents $44.725 stock price. Urban Outfitters had 26 analyst reports since February 2, 2018 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Friday, February 9. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) has “Sell” rating given on Tuesday, June 12 by Deutsche Bank. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, March 6. The firm has “Buy” rating given on Tuesday, March 6 by Robert W. Baird. The firm earned “Sector Weight” rating on Tuesday, July 10 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained the shares of URBN in report on Wednesday, March 7 with “Overweight” rating. The rating was maintained by FBR Capital with “Hold” on Wednesday, March 7. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) earned “Hold” rating by Oppenheimer on Tuesday, March 6. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) has “Equal-Weight” rating given on Wednesday, March 7 by Morgan Stanley. The firm has “Hold” rating given on Tuesday, March 6 by BMO Capital Markets.

The stock increased 0.98% or $0.435 during the last trading session, reaching $44.725. About 804,105 shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 124.18% since July 13, 2017 and is uptrending. It has outperformed by 111.61% the S&P500.

Analysts await Urban Outfitters, Inc. (NASDAQ:URBN) to report earnings on August, 21. They expect $0.76 earnings per share, up 72.73 % or $0.32 from last year’s $0.44 per share. URBN’s profit will be $82.70 million for 14.71 P/E if the $0.76 EPS becomes a reality. After $0.38 actual earnings per share reported by Urban Outfitters, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Urban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company has market cap of $4.87 billion. It operates through two divisions, Retail and Wholesale. It has a 46.59 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 news for Urban Outfitters, Inc. (NASDAQ:URBN) were recently published by: Seekingalpha.com, which released: “American Software: A Secular SaaS Growth Story” on July 05, 2018. Nasdaq.com‘s article titled: “Don’t Waste Your Money on Bitcoin, When These 3 Stocks Are Better Buys” and published on July 11, 2018 is yet another important article.

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

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