Is Buying Urban Outfitters Inc (NASDAQ:URBN), Having Higher Short Interest a Winning Strategy?

June 13, 2018 - By Milton Kimbrough

Urban Outfitters, Inc. (NASDAQ:URBN) Logo

Investors sentiment increased to 1.11 in Q1 2018. Its up 0.13, from 0.98 in 2017Q4. It improved, as 28 investors sold Urban Outfitters, Inc. shares while 86 reduced holdings. 58 funds opened positions while 69 raised stakes. 74.36 million shares or 5.84% less from 78.97 million shares in 2017Q4 were reported.
Bb&T holds 0.04% or 54,498 shares. Credit Suisse Ag has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). Robeco Institutional Asset Bv reported 0.04% in Urban Outfitters, Inc. (NASDAQ:URBN). Mutual Of America Capital Mgmt Ltd Limited Liability Company owns 66,325 shares or 0.04% of their US portfolio. Scopus Asset Management Lp reported 418,870 shares. Bancshares Of Hawaii accumulated 0.03% or 9,745 shares. Liberty Mutual Asset Management Inc holds 0.02% or 15,776 shares in its portfolio. Guggenheim Capital Ltd Com invested in 14,402 shares or 0% of the stock. Ameritas Prns holds 0.04% or 23,839 shares. Neuberger Berman Limited Liability Company has 6,056 shares for 0% of their portfolio. Driehaus Capital Mgmt Lc holds 0.04% or 28,022 shares. American Intll Gru, New York-based fund reported 160,249 shares. Gsa Cap Prns Ltd Liability Partnership holds 0.03% or 17,137 shares in its portfolio. Glenmede Trust Na owns 99 shares. Stratos Wealth Partners Ltd, a Ohio-based fund reported 75 shares.

Since March 9, 2018, it had 0 insider purchases, and 19 sales for $28.08 million activity. Shares for $5.30 million were sold by BELAIR SCOTT A on Tuesday, March 13. LAWSON JOEL S III also sold $460,000 worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares. Hollinger Calvin sold $613,235 worth of Urban Outfitters, Inc. (NASDAQ:URBN) on Friday, March 9. Hayne Margaret also sold $1.51M worth of Urban Outfitters, Inc. (NASDAQ:URBN) shares. $2.30 million worth of Urban Outfitters, Inc. (NASDAQ:URBN) was sold by STROUSE ROBERT H on Tuesday, April 10. Another trade for 20,941 shares valued at $738,593 was made by Conforti Frank on Friday, March 9.

The stock of Urban Outfitters Inc (NASDAQ:URBN) registered an increase of 6.83% in short interest. URBN’s total short interest was 8.20 million shares in June as published by FINRA. Its up 6.83% from 7.68 million shares, reported previously. With 1.86M shares average volume, it will take short sellers 4 days to cover their URBN’s short positions. The short interest to Urban Outfitters Inc’s float is 10.56%.

The stock decreased 1.48% or $0.71 during the last trading session, reaching $47.19. About 524,204 shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has risen 124.18% since June 13, 2017 and is uptrending. It has outperformed by 111.61% the S&P500.

Urban Outfitters, Inc. engages in the retail and wholesale of general consumer products. The company has market cap of $5.13 billion. It operates through two divisions, Retail and Wholesale. It has a 49.16 P/E ratio. The firm retails women??s and men??s fashion apparel, intimates, footwear, beauty and accessories, home goods, activewear, and electronics for young adults aged 18 to 28 under the Urban Outfitters brand; and assortment, including women??s casual apparel and accessories, intimates, shoes, beauty, home furnishings, and various gifts and decorative items for women aged 28 to 45 under the Anthropologie brand.

Urban Outfitters, Inc. (NASDAQ:URBN) Ratings Coverage

Among 17 analysts covering Urban Outfitters (NASDAQ:URBN), 7 have Buy rating, 1 Sell and 9 Hold. Therefore 41% are positive. Urban Outfitters has $5300 highest and $33 lowest target. $41.87’s average target is -11.27% below currents $47.19 stock price. Urban Outfitters had 27 analyst reports since December 18, 2017 according to SRatingsIntel. The stock has “Neutral” rating by Nomura on Tuesday, June 12. Wells Fargo maintained the shares of URBN in report on Wednesday, May 23 with “Hold” rating. As per Wednesday, January 10, the company rating was maintained by Robert W. Baird. The rating was maintained by RBC Capital Markets with “Hold” on Friday, February 9. The firm has “Neutral” rating by B. Riley & Co given on Tuesday, February 27. Robert W. Baird maintained it with “Buy” rating and $42.0 target in Tuesday, March 6 report. JP Morgan maintained Urban Outfitters, Inc. (NASDAQ:URBN) rating on Wednesday, May 23. JP Morgan has “Overweight” rating and $48 target. The rating was maintained by Deutsche Bank on Tuesday, June 12 with “Sell”. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, March 6 report. Morgan Stanley maintained the shares of URBN in report on Wednesday, March 7 with “Equal-Weight” rating.

More notable recent Urban Outfitters, Inc. (NASDAQ:URBN) news were published by: Benzinga.com which released: “7 Stocks Moving In Monday’s After-Hours Session” on June 12, 2018, also Seekingalpha.com with their article: “Spotlight On Gambling Reset And Banking Bill” published on May 19, 2018, Nasdaq.com published: “Urban Outfitters, Inc. Q1 Earnings More Than Double, Stock Dips” on May 23, 2018. More interesting news about Urban Outfitters, Inc. (NASDAQ:URBN) were released by: Nasdaq.com and their article: “URBN EPS Jumps 280%” published on May 22, 2018 as well as Investorplace.com‘s news article titled: “5 Stocks to Snap Up on Explosive Relative Price Strength” with publication date: June 11, 2018.

Urban Outfitters, Inc. (NASDAQ:URBN) Institutional Positions Chart

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