Wedbush Says Its Time To Neutral Urban Outfitters (URBN). Will Stock Hit Their Target of $50.0?

July 13, 2018 - By Sheila Anderson

Urban Outfitters, Inc. (NASDAQ:URBN) Logo

Investors sentiment increased to 1.11 in 2018 Q1. 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.

Bb&T reported 0.04% in Urban Outfitters, Inc. (NASDAQ:URBN). The Germany-based Commerzbank Aktiengesellschaft Fi has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). 5,490 were reported by Virtu Fin Limited Liability. Secor Advsrs L P reported 228,022 shares stake. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 21,598 shares or 0.01% of its portfolio. Royal Bancshares Of Canada owns 22,552 shares for 0% of their portfolio. Zacks Mgmt stated it has 0.03% in Urban Outfitters, Inc. (NASDAQ:URBN). Great West Life Assurance Can has invested 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). 103,598 are owned by Retirement Of Alabama. Nuveen Asset Mngmt Limited accumulated 399,788 shares or 0.1% of the stock. Regions Fin Corporation holds 390 shares or 0% of its portfolio. Swiss Fincl Bank, Switzerland-based fund reported 131,873 shares. Moreover, Usa Financial Portformulas Corporation has 0.28% invested in Urban Outfitters, Inc. (NASDAQ:URBN). Meeder Asset Management accumulated 3,833 shares or 0.01% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) owns 5,094 shares.

Since March 9, 2018, it had 0 buys, and 21 selling transactions for $28.89 million activity. Hayne Azeez sold 7,777 shares worth $359,917. 17,397 shares valued at $613,235 were sold by Hollinger Calvin on Friday, March 9. On Monday, July 9 the insider LAWSON JOEL S III sold $456,640. 20,000 shares valued at $781,900 were sold by CHERKEN HARRY S JR on Thursday, April 12. 147,319 Urban Outfitters, Inc. (NASDAQ:URBN) shares with value of $5.68 million were sold by McCreight David W.. ANTOIAN EDWARD N sold 20,000 shares worth $762,902.

Why Has Wedbush Given Urban Outfitters (URBN) a $50.0 Price Target

EU: Urban Outfitters (URBN) coverage was started with a key ‘Neutral’ rating as well as a $50.0 target price per share at Wedbush. The price target by Wedbush indicates upside of 12.89 % from the last stock price.

The stock increased 0.48% or $0.212 during the last trading session, reaching $44.502. About 1.26 million shares traded. Urban Outfitters, Inc. (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 $82.71 million for 14.64 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 $4.84 billion. It operates through two divisions, Retail and Wholesale. It has a 46.36 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 recent Urban Outfitters, Inc. (NASDAQ:URBN) news were published by: Nasdaq.com which released: “Why Amazon.com, Inc. Might Buy Ulta Beauty Inc As It Eyes Cosmetics” on June 17, 2018. Also Seekingalpha.com published the news titled: “American Software: A Secular SaaS Growth Story” on July 05, 2018. Nasdaq.com‘s news article titled: “Don’t Waste Your Money on Bitcoin, When These 3 Stocks Are Better Buys” with publication date: July 11, 2018 was also an interesting one.

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

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