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.
Other Equity analysts have also commented on the company shares. Morgan Stanley upgrades its rating on Urban Outfitters (NASDAQ:URBN). The global brokerage major maintains a current price target of $32 per share. Analysts at the Morgan Stanley have a current rating of Overweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on May 20, 2016.
Urban Outfitters (NASDAQ:URBN): On Thursdays trading session , Opening price of the stock was $27.08 with an intraday high of $27.325. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $26.805. However, the stock managed to close at $26.9, a loss of 0.26% for the day. On the previous day, the stock had closed at $26.97. The total traded volume of the day was 1,835,717 shares.
The company shares have dropped -23.75% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $36.99 and the one year low was seen on Nov 17, 2015. The 50-Day Moving Average price is $27.51 and the 200 Day Moving Average price is recorded at $27.02. On the companys insider trading activities,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.