Urban Outfitters (NASDAQ:URBN) has tumbled 1.29% during the past week and has dropped 8.78% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.11%. Urban Outfitters (NASDAQ:URBN) has underperformed the index by 9.61% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Urban Outfitters (NASDAQ:URBN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.57 and $25.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.98, notching a gain of 1.68% for the day. The total traded volume was 3,022,122 . The stock had closed at $25.55 on the previous day.
The company shares have dropped -25.94% 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 $27.90 and the 200 Day Moving Average price is recorded at $26.85.
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.
Many analysts have stated their opinion 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. Currently the company Insiders own 24.3% of Urban Outfitters shares according to the proxy statements. Institutional Investors own 68.25% of Urban Outfitters shares.
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.