Stock Analysis:Urban Outfitters Inc (NASDAQ:URBN) Stock Target Has Been Increased
In a very recent research note revealed to investors and clients by Wedbush on 10 December, Urban Outfitters Inc (NASDAQ:URBN) had its target price raised to $24.00. The firm right now has a solid “Neutral” rating on shares.
From a total of 31 analysts covering Urban Outfitters Inc. (NASDAQ:URBN) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 21 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is $38 while the lowest target price is $18. The mean of all analyst targets is $26.61 with a 27.12% above today’s ($22.53) stock price. Urban Outfitters Inc. was the topic of 42 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 17 with “Neutral” rating. Mizuho maintained shares with “Neutral” rating and $20 target share price in a report from a November 17. Stifel Nicolaus maintained URBN stock in a recent report from November 17 with “Buy” rating. Wunderlich maintained the rating on November 17. Wunderlich has a “Hold” rating and a $22 price target on shares. Finally, RBC Capital Markets downgraded the stock to “Sector Perform” rating in a report issued on a November 17.
Approximately 836,785 shares of stock traded hands. Urban Outfitters, Inc. (NASDAQ:URBN) has declined 45.18% since May 7, 2015 and is downtrending. It has underperformed by 43.25% the S&P500.
The overall sentiment of institutions has increased to 1.05 in Q2 2015. Its up 0.19, from 0.86 in 2015Q2. The ratio increased, as 45 institutions have sold all the shares of Urban Outfitters, Inc. that they owned while 100 funds have taken shares off the table. 46 funds have purchased shares for the first time while 106 added to their positions. These institutions now hold 82.46 million shares or 11.13% less than the 92.79 million shares they owned in 2015Q2.
The Fund Sib Llc currently is holding shares equating to 3.85% of its total portfolio in Urban Outfitters, Inc. representing a total of 161,038 shares. Another fund,Fourpoints Investment Managers S.A.S., is holding a total of 213,000 shares equating to 2.53% of their holdings. Additionally, Caerus Global Investors Llc has a 28,324 share stake in Urban Outfitters, Inc. which represents 2.27% of their total portfolio. The Fund, Aimz Investment Advisors Llc, based out of California, has also built up a stake in the stock, which represents a total of 2.24% of their total portfolio. Finally Fort Pitt Capital Group Inc, a fund which is based in the state of Pennsylvania reported a total holdings of 546,902 shares.
Urban Outfitters, Inc. is a lifestyle retail company. The company has a market cap of $2.66 billion. The Firm operates through two business divisions: Retail and Wholesale. It has 12.59 P/E ratio. 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 clients through retail stores, Websites, mobile applications, catalogs and customer contact centers.
According to Zacks Investment Research, “Urban Outfitters, Inc. operates two business segments consisting of a lifestyle-oriented general merchandise retailing segment and a wholesale apparel business. The retailing segment operates through retail stores and direct response, including a catalog and two web sites. The company’s wholesale business designs and markets young women’s casual wear which it provides to the company’s retail operations and sells to specialty retailers worldwide.” Get a free copy of the Zacks research report on Urban Outfitters, Inc. (URBN).