Session Recap: Viewing Unusual Volume for Urban Outfitters, Inc. (NASDAQ:URBN)

What Happened in the Stock Market Today

Urban Outfitters, Inc. (URBN): Are There Still Some Reasons For Optimism?

(NASDAQ:URBN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The brokerage presently has a "sell" rating on the apparel retailer's stock. The stock grabbed 31 new institutional investments totaling 2,915,690 shares while 65 institutional investors sold out their entire positions totaling 7,067,092 shares. Robecosam AG raised its position in Urban Outfitters by 22.0% in the first quarter. Same-store sales gained 1.3%, smashing targets of 0.3% growth. Miles Capital Inc. now owns 8,470 shares of the apparel retailer's stock worth $201,000 after buying an additional 70 shares in the last quarter. Sun Life Financial INC bought a new stake in Urban Outfitters during the second quarter worth $151,000.

A number of large investors have recently made changes to their positions in URBN. The stock touched 52-week High of $40.80 on 11/14/16 and 52-week Low of $16.19 on 06/08/17. Urban Outfitters, Inc. The stock has a market cap of $2.04 billion, a P/E ratio of 10.31 and a beta of 0.66.

In taking a look at technical levels, shares are trading -9.112% away from the 20-days simple moving average and -32.07% away from the 200-days simple moving average.

The company declined -0.17% and closed its last trading session at $17.76. In the latest earnings report the EPS was $1.71 and is estimated to be $1.39 for the current year with 115,790,000 shares now outstanding. (NASDAQ:URBN) news were published by: Bloomberg.com which released: "Urban Outfitters Gains After Smaller Chains Prop Up Results" on August 15, 2017, also Globenewswire.com with their article: "URBN Reports Q2 Results" published on August 15, 2017, Fool.com published: "Why Urban Outfitters, Inc".

Beat revenues estimates. The company saw revenues of $873 million, topping our consensus estimate of $863.87 million but declining 2% year-over-year. Urban Outfitters said it earned $50 million, or 44 cents a share, in the quarter, compared with $77 million, or 66 cents a share, in the year-ago period. The company's revenue was down.2% compared to the same quarter previous year. On average, equities research analysts expect that Urban Outfitters, Inc. will post $1.37 EPS for the current fiscal year.

WARNING: "Louisiana State Employees Retirement System Purchases 800 Shares of Urban Outfitters, Inc". (NASDAQ:URBN) has "Hold" rating given on Monday, August 31 by TheStreet. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & global trademark & copyright law. The correct version of this piece can be read at https://rinconhillneighbors.org/2017/08/16/bank-of-america-corporation-reaffirms-buy-rating-for-urban-outfitters-inc-urbn.html. The other 9, though not evenly; between analysts who think you should buy Urban Outfitters, Inc. versus those who think you should sell it.

Earnings Beat Has Urban Outfitters Surging Urban Outfitters stock is up 24% to trade at $20.89, after reporting second-quarter earnings and sales figures that topped analyst expectations. Morgan Stanley restated an "equal weight" rating and set a $19.00 price target (down previously from $27.00) on shares of Urban Outfitters in a research note on Friday, May 19th. BidaskClub raised shares of Urban Outfitters from a "strong sell" rating to a "sell" rating in a research report on Monday, July 31st. Finally, Nomura set a $21.00 price objective on Urban Outfitters and gave the stock a "hold" rating in a research report on Tuesday, May 16th. KeyCorp set a $26.00 price target on Urban Outfitters and gave the company a "buy" rating in a research report on Wednesday. The company has a consensus rating of "Hold" and an average target price of $24.92. Comparable retail segment net sales fell 4.9%, which the company attributed to "negative retail store sales", offset in part by continued sales growth in direct-to-consumer sales.

Want to see what other hedge funds are holding URBN?

Latest News