Could Urban Outfitters, Inc. (URBN) Go Down After Making 52-Week High?

April 17, 2018 - By Louis Casey

Urban Outfitters, Inc. (NASDAQ:URBN) Logo

Investors sentiment increased to 0.98 in Q4 2017. Its up 0.38, from 0.6 in 2017Q3. It improved, as 33 investors sold Urban Outfitters, Inc. shares while 87 reduced holdings. 75 funds opened positions while 42 raised stakes. 78.97 million shares or 12.40% less from 90.14 million shares in 2017Q3 were reported.
Legal General Gru Plc reported 124,813 shares or 0% of all its holdings. Qs Invsts Ltd invested 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). 19,095 are owned by Cipher Capital Lp. Bridgewater Associates Lp owns 27,934 shares for 0.01% of their portfolio. 1,097 are owned by Point72 Asia (Hong Kong) Limited. Maverick Cap Limited holds 0.11% or 243,140 shares. Cubist Systematic Strategies Llc invested 0.03% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). State Board Of Administration Of Florida Retirement Systems stated it has 0.01% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). Victory Mgmt, a Ohio-based fund reported 5,680 shares. Wellington Grp Ltd Liability Partnership reported 112,364 shares or 0% of all its holdings. Bluecrest Cap Mngmt invested 0.02% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). 9,722 were reported by Hbk Sorce Advisory Lc. Massachusetts Svcs Company Ma stated it has 0.15% in Urban Outfitters, Inc. (NASDAQ:URBN). California-based Assetmark has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Mason Street Advsrs Lc holds 0.03% or 39,464 shares.

Since March 9, 2018, it had 0 insider purchases, and 12 selling transactions for $14.61 million activity. 20,000 Urban Outfitters, Inc. (NASDAQ:URBN) shares with value of $738,060 were sold by LAWSON JOEL S III. Shares for $1.51M were sold by Hayne Margaret. BELAIR SCOTT A sold $5.30 million worth of stock. Another trade for 20,941 shares valued at $738,593 was made by Conforti Frank on Friday, March 9. Hayne Azeez sold $31,209 worth of stock or 800 shares. Donnelly Trish also sold $398,182 worth of Urban Outfitters, Inc. (NASDAQ:URBN) on Tuesday, April 10.

The stock of Urban Outfitters, Inc. (NASDAQ:URBN) hit a new 52-week high and has $41.98 target or 6.00 % above today’s $39.60 share price. The 5 months bullish chart indicates low risk for the $4.30B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $41.98 price target is reached, the company will be worth $257.88M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.03% or $0.01 during the last trading session, reaching $39.6. About 434,121 shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 55.71% since April 17, 2017 and is uptrending. It has outperformed by 44.16% the S&P500.

Analysts await Urban Outfitters, Inc. (NASDAQ:URBN) to report earnings on May, 15. They expect $0.28 EPS, up 115.38 % or $0.15 from last year’s $0.13 per share. URBN’s profit will be $30.39 million for 35.36 P/E if the $0.28 EPS becomes a reality. After $0.69 actual EPS reported by Urban Outfitters, Inc. for the previous quarter, Wall Street now forecasts -59.42 % negative EPS growth.

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

Among 16 analysts covering Urban Outfitters (NASDAQ:URBN), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Urban Outfitters had 34 analyst reports since October 23, 2017 according to SRatingsIntel. The firm has “Hold” rating by Wells Fargo given on Wednesday, March 7. The firm has “Buy” rating by J.P. Morgan given on Tuesday, November 21. FBR Capital maintained the stock with “Hold” rating in Wednesday, March 7 report. The firm has “Hold” rating given on Monday, November 20 by Oppenheimer. B. Riley & Co maintained Urban Outfitters, Inc. (NASDAQ:URBN) rating on Tuesday, February 27. B. Riley & Co has “Neutral” rating and $37 target. The rating was maintained by SunTrust with “Buy” on Monday, December 11. On Wednesday, November 15 the stock rating was upgraded by Wolfe Research to “Buy”. RBC Capital Markets maintained it with “Hold” rating and $30.0 target in Tuesday, November 21 report. The rating was maintained by RBC Capital Markets on Friday, February 9 with “Hold”. Robert W. Baird maintained the stock with “Buy” rating in Monday, October 30 report.

Urban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company has market cap of $4.30 billion. It operates through two divisions, Retail and Wholesale. It has a 41.25 P/E ratio. The firm retails womenÂ’s and menÂ’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 womenÂ’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.

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

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