KeyBanc Upgrades Urban Outfitters to Overweight

Brokerage firm KeyBanc Upgrades its rating on Urban Outfitters(URBN). The shares have been rated Overweight. Previously, the analysts had a Sector Weight rating on the shares. The rating by the stock financial advisor at KeyBanc was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 8, 2017, William Blair said it Downgrades its rating on Urban Outfitters. The shares have been rated ‘Market Perform’ by the firm. On Mar 6, 2017, Wunderlich said it Reiterates its rating on Urban Outfitters. According to the research note, Wunderlich Lowers the price target to $26 per share from a prior target of $32. The shares have been rated ‘Hold’ by the firm. On Feb 27, 2017, MKM Partners said it Downgrades its rating on Urban Outfitters. The shares have been rated ‘Sell’ by the firm. On Feb 2, 2017, Goldman Sachs said it Downgrades its rating on Urban Outfitters. The shares have been rated ‘Sell’ by the firm.

Urban Outfitters (URBN) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.26% at a volume of 24,38,151. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.97. The peak price level was also seen at $22.97 while the days lowest was $22.64. Finally the shares closed at $22.94. The 52-week high of the shares is $40.8 while the 52-week low is $22.055. According to the latest information available, the market cap of the company is $2,666 M.

Urban Outfitters(URBN) last announced its earnings results on Mar 7, 2017 for Fiscal Year 2017 and Q4.Company reported revenue of $1.030B. Analysts had an estimated revenue of $1.040B. Earnings per share were $0.55. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On Nov 16, 2016, Azeez Hayne (General Counsel and Secretary) sold 6,260 shares at $39.95 per share price.Also, On Aug 23, 2016, Frank Conforti (Chief Financial Officer) sold 4,000 shares at $37.42 per share price.On Apr 6, 2016, Robert H Strouse (director) sold 30,000 shares at $33.92 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s Urban Outfitters Anthropologie Group Free People and Terrain brands whose merchandise is sold directly to the Company’s 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 women’s contemporary casual apparel.

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