Morgan Stanley Has Just Reaffirmed $40 Target Price Per Share on Urban Outfitters (NASDAQ:URBN) stock, While They’ve Also Reiterated Their “Equal-Weight” Rating

May 24, 2018 - By Marguerite Chambers

Urban Outfitters, Inc. (NASDAQ:URBN) Logo

Investors sentiment increased to 0.98 in 2017 Q4. 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.

Vident Invest Advisory Limited Liability Com holds 0.24% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 149,492 shares. Rafferty Asset Mngmt Limited Liability Com holds 0.01% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 9,423 shares. Wedge Cap Mngmt L L P Nc holds 0.01% or 20,717 shares in its portfolio. Howe & Rusling Incorporated reported 438 shares. The Ohio-based Stratos Wealth Prtnrs Ltd has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Whittier Tru Of Nevada reported 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Moreover, Employees Retirement Sys Of Texas has 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN). 165,766 were reported by Int Group. Northern Trust holds 0.01% or 672,091 shares. Ubs Asset Mngmt Americas Inc holds 0% in Urban Outfitters, Inc. (NASDAQ:URBN) or 85,243 shares. Qs Ltd Liability Corporation holds 0% or 12 shares in its portfolio. Aqr Capital Mngmt Llc has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Assetmark has invested 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). Victory Mgmt holds 5,680 shares or 0% of its portfolio. Raymond James And Associates holds 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 20,708 shares.

Since March 9, 2018, it had 0 buys, and 16 sales for $23.82 million activity. $398,182 worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares were sold by Donnelly Trish. Hayne Margaret had sold 41,100 shares worth $1.51 million on Wednesday, March 21. Shares for $5.30M were sold by BELAIR SCOTT A on Tuesday, March 13. Hayne Azeez sold $405,331 worth of Urban Outfitters, Inc. (NASDAQ:URBN) on Friday, March 9. 147,319 Urban Outfitters, Inc. (NASDAQ:URBN) shares with value of $5.68M were sold by McCreight David W.. The insider LAWSON JOEL S III sold $714,156.

Urban Outfitters (NASDAQ:URBN) Rating Reaffirmed

In an analyst note issued to clients and investors on Thursday, 24 May, The “Equal-Weight” rating of Urban Outfitters (NASDAQ:URBN) shares was restate by Analysts at Morgan Stanley, who now has a $40 target price on the stock. Morgan Stanley’s target price suggests a possible downside of -4.97 % from the stock close price of the company.

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

Among 15 analysts covering Urban Outfitters (NASDAQ:URBN), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Urban Outfitters has $48 highest and $33 lowest target. $40.85’s average target is -2.95% below currents $42.09 stock price. Urban Outfitters had 23 analyst reports since December 11, 2017 according to SRatingsIntel. Wells Fargo maintained Urban Outfitters, Inc. (NASDAQ:URBN) rating on Wednesday, March 7. Wells Fargo has “Hold” rating and $39.0 target. The rating was maintained by Morgan Stanley on Wednesday, March 7 with “Equal-Weight”. M Partners upgraded the stock to “Neutral” rating in Wednesday, May 16 report. KeyBanc Capital Markets maintained Urban Outfitters, Inc. (NASDAQ:URBN) rating on Wednesday, March 7. KeyBanc Capital Markets has “Overweight” rating and $45 target. The rating was maintained by JP Morgan on Tuesday, April 10 with “Overweight”. Robert W. Baird maintained it with “Buy” rating and $42.0 target in Tuesday, March 6 report. The firm earned “Buy” rating on Wednesday, January 10 by Robert W. Baird. As per Wednesday, May 23, the company rating was maintained by JP Morgan. The firm earned “Hold” rating on Tuesday, March 6 by Oppenheimer. The firm has “Hold” rating by FBR Capital given on Wednesday, March 7.

The stock increased 3.16% or $1.29 during the last trading session, reaching $42.09. About 2.46 million shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 55.71% since May 24, 2017 and is uptrending. It has outperformed by 44.16% the S&P500.

Urban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company has market cap of $4.57 billion. It operates through two divisions, Retail and Wholesale. It has a 43.84 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 notable recent Urban Outfitters, Inc. (NASDAQ:URBN) news were published by: Streetinsider.com which released: “After-Hours Stock Movers 05/22: (ARCO) (HEAR) (MET) Higher; (RRGB) (TCS) (URBN) Lower (more…)” on May 22, 2018, also Seekingalpha.com with their article: “Thomson Reuters Retail And Restaurant Aggregate Estimates And Revisions Q1 2018 | May 23” published on May 24, 2018, Schaeffersresearch.com published: “Stock Futures Drop as Trump Reignites China Trade Concerns” on May 23, 2018. More interesting news about Urban Outfitters, Inc. (NASDAQ:URBN) were released by: Forbes.com and their article: “Online Sales Growth To Drive Improvement For Urban Outfitters In The First Quarter” published on May 18, 2018 as well as 247Wallst.com‘s news article titled: “Urban Outfitters Sees Muted Reaction Despite Record Q1 Revenues” with publication date: May 23, 2018.

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

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