Analyst Rating Update on Urban Outfitters (URBN)

Urban Outfitters (NASDAQ:URBN) has an average broker rating of 2.35, which is interpreted as a Buy, as rated by 23 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 15 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Urban Outfitters (NASDAQ:URBN) : 19 Wall Street analysts covering Urban Outfitters (NASDAQ:URBN) believe that the average level the stock could reach for the short term is $31.47. The maximum price target given is $40 and the minimum target for short term is around $26, hence the standard deviation is calculated at $3.95.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, upgrades their rating on the shares of Urban Outfitters (NASDAQ:URBN). Morgan Stanley has a Overweight rating on the shares. Previously, the analysts had a Equal-weight rating on the shares. As per the latest report, the brokerage house maintains the price target to $32 per share. The rating by the firm was issued on May 20, 2016.

Urban Outfitters (NASDAQ:URBN): stock turned positive on Tuesday. Though the stock opened at $25.92, the bulls momentum made the stock top out at $26.53 level for the day. The stock recorded a low of $25.92 and closed the trading day at $26.16, in the green by 1.71%. The total traded volume for the day was 2,129,039. The stock had closed at $25.72 in the previous days trading.

In an insider trading activity,The officer (Chief Financial Officer) of Urban Outfitters Inc, Conforti Frank sold 3,300 shares at $28.23 on May 24, 2016. The Insider selling transaction had a total value worth of $93,159. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Urban Outfitters, Inc. (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Companys Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Companys customers through retail stores, Websites, mobile applications, catalogs and customer contact centers. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative, outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs, develops and markets young womens contemporary casual apparel.

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