Urban Outfitters, Inc. (URBN) Investment Increased by Shapiro Capital Management LLC

UK E Retailer Ups Stakes In US Market Despite Amazon's Prowess

UK E Retailer Ups Stakes In US Market Despite Amazon's Prowess

(NASDAQ:URBN) traded up 3.32% during midday trading on Friday, reaching $17.76. LS Investment Advisors LLC now owns 9,488 shares of the apparel retailer's stock worth $176,000 after buying an additional 1,052 shares in the last quarter. (NASDAQ:URBN)'s short data and trying to figure out market sentiment on which way the market thinks the stock is moving.

Several other brokerages have also recently issued reports on URBN. As of the end of the quarter Quantitative Investment Management, LLC had acquired a total of 193,200 shares growing its holdings by 556.8%. It is now trading at $17.79 which is marginally lower than the 50 day moving average which is $18.40 and which is well below the 200 day moving average of $21.90. Morgan Stanley reissued an "equal weight" rating and set a $17.00 price objective (down previously from $19.00) on shares of Urban Outfitters in a report on Monday, June 12th. 3,649,982 shares of the company traded hands. On average, equities research analysts predict that Urban Outfitters, Inc. will post $1.39 earnings per share for the current fiscal year.

The P/E ratio is now 10.324 and market capitalization is 2.05B. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have assigned a buy rating to the company's stock. Peregrine Capital Management LLC now owns 283,772 shares of the apparel retailer's stock worth $5,261,000 after buying an additional 5,664 shares in the last quarter. Wolfe Research lowered shares of Urban Outfitters from an outperform rating to a peer perform rating in a report on Tuesday, May 9th.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Tuesday, May 16th. Urban Outfitters presently has a consensus rating of Hold and a consensus price target of $25.53. Urban Outfitters, Inc. has a 12-month low of $16.19 and a 12-month high of $40.80. Bank of America Corporation reaffirmed a "buy" rating and set a $25.00 price target (down from $30.00) on shares of Urban Outfitters in a report on Wednesday, May 17th.

State Treasurer State of MI increased its position in shares of Urban Outfitters, Inc. The apparel retailer reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.03. Capstone Asset Management Co. now owns 15,738 shares of the apparel retailer's stock worth $292,000 after buying an additional 380 shares during the period. Texas Permanent School Fund now owns 64,527 shares of the apparel retailer's stock worth $1,196,000 after buying an additional 570 shares in the last quarter.

The consensus analysts recommendation at this point stands at 2.70 on Urban Outfitters, Inc. The company had revenue of $761.20 million for the quarter, compared to analyst estimates of $768.95 million. The company has 2.278 value in price to sale ratio while price to book ratio was recorded as 1.080. Parkwood LLC bought a new position in Urban Outfitters during the first quarter valued at about $268,000.

For a total return analysis, there is the 16.60% return on equity and the 15.60% return on assets to consider. During the same quarter in the previous year, the firm posted $0.25 earnings per share.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & global trademark & copyright law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/11/urban-outfitters-inc-nasdaqurbn-stake-cut-by-amalgamated-bank-updated-updated-updated.html. The company was maintained on Monday, July 17 by RBC Capital Markets. Shapiro Capital Management LLC increased its stake in shares of Urban Outfitters by 586.5% in the second quarter. Finally, Royal Bank Of Canada set a $22.00 target price on Urban Outfitters and gave the company a "hold" rating in a research note on Monday, May 15th. It dropped, as 48 investors sold URBN shares while 89 reduced holdings.

Among 30 analysts covering Urban Outfitters Inc. The Company operates through two segments: Retail and Wholesale. Hedge funds and other institutional investors own 82.82% of the company's stock. The Company's Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its clients through retail stores, Websites, mobile applications, catalogs and customer contact centers.

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