Somewhat Positive News Coverage Somewhat Unlikely to Impact Urban Outfitters (URBN) Share Price
Headlines about Urban Outfitters (NASDAQ:URBN) have been trending somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Urban Outfitters earned a news impact score of 0.12 on Accern’s scale. Accern also assigned press coverage about the apparel retailer an impact score of 47.1755980076015 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s analysis:
- $1.08 Billion in Sales Expected for Urban Outfitters, Inc. (URBN) This Quarter (americanbankingnews.com)
- Urban Outfitters (URBN) Stock Surges on Robust Q4 Sales (zacks.com)
- Brokers Issue Forecasts for Urban Outfitters, Inc.’s Q2 2019 Earnings (URBN) (americanbankingnews.com)
- SunTrust Banks Comments on Urban Outfitters, Inc.’s Q1 2019 Earnings (URBN) (americanbankingnews.com)
- Urban Outfitters, Inc. to Post FY2018 Earnings of $1.58 Per Share, William Blair Forecasts (URBN) (americanbankingnews.com)
Urban Outfitters (NASDAQ URBN) traded up $0.44 during mid-day trading on Tuesday, reaching $34.14. 1,470,000 shares of the company’s stock were exchanged, compared to its average volume of 2,590,000. Urban Outfitters has a 12 month low of $16.19 and a 12 month high of $36.10. The stock has a market cap of $3,700.00, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 1.48 and a beta of 0.62.
A number of analysts recently weighed in on the stock. Telsey Advisory Group raised their target price on shares of Urban Outfitters from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, January 2nd. Zacks Investment Research cut shares of Urban Outfitters from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Robert W. Baird set a $39.00 target price on shares of Urban Outfitters and gave the stock a “buy” rating in a report on Friday, December 22nd. BidaskClub cut shares of Urban Outfitters from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Finally, Royal Bank of Canada set a $37.00 target price on shares of Urban Outfitters and gave the stock a “hold” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.62.
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About Urban Outfitters
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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