Urban Outfitters, Inc. (NASDAQ:URBN) is 0.85 points higher today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has climbed by nearly 3.64% to $24.23 from its previous close of $23.38. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 829324 contracts so far this session. URBN shares had a relatively better volume day versus average trading capacity of 3.02 million shares, but with a 58.95 million float and a 1.83% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for URBN stock indicates that the average analyst price target is $31.88 per share. This means the stock has a potential increase of 31.57% from where the URBN share price has been trading recently which is between $22.96 and $23.52. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $26.
The shorts are running away from Urban Outfitters, Inc. (URBN) stock. The latest set of short interest data was released on 28 June 2019, and the numbers show a drop in short interest in URBN shares. While short interest still represents only 19.38% of URBN’s float, the number of shares shorted have fallen by -1681033. The number of shares shorted fell to 9831461 shares, down from 11512494 shares during the preceding fortnight. With average daily trading volumes at 2686481 shares, days to cover decreased to about 4.079987 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Will Abercrombie & Fitch’s "Buy Now, Pay Later" Plan Lock in Gen Z Shoppers?” and dated July 10, 2019.
During the recent trading session for Urban Outfitters, Inc. (NASDAQ:URBN), the company witnessed their stock rise $0.58 over a week and surge $1.02 from the price 20 days ago. When compared to their established 52-week high of $52.5, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 08/22/18. The recent low of $22.19 stood for a -53.85% since 05/31/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.75 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Urban Outfitters, Inc., the two-week RSI stands at 54.44. This figure suggests that URBN stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current URBN readings is similarly very revealing as it has a stochastic reading of 63.76% at this stage. This figure means that URBN share price today is being neutral.
Technical chart claims that Urban Outfitters, Inc. (URBN) would settle between $23.61/share to $23.85/share level. However, if the stock price goes below the $23.05 mark, then the market for Urban Outfitters, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $22.73 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.23. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Telsey Advisory Group lifted target price for shares of URBN but were stick to Market Perform recommendation for the stock in their opinion released on May 22. The price target has been raised from $33 to $29. DA Davidson analysts bumped their rating on Urban Outfitters, Inc. (NASDAQ:URBN) stock from Neutral to Buy in a separate flash note issued to investors on April 03. Analysts at Telsey Advisory Group are sticking to their Market Perform stance. However, on March 06, they lifted price target for these shares to $33 from $35.
URBN equity has an average rating of 2.43, with the figure leaning towards a bullish end. 21 analysts who tracked the company were contacted by Reuters. Amongst them, 14 rated the stock as a hold while the remaining 7 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 7 analysts rated Urban Outfitters, Inc. (NASDAQ:URBN) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, URBN stock price is currently trading at 8.66X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.72 while for the average stock in the same group, the multiple is 2.3. Urban Outfitters, Inc. current P/E ratio of 15.47 means it is trading at a discount against its industry’s 34.75. In the past 5 years, this ratio for the stock has been fluctuating between 12.84 and 26.45.
Urban Outfitters, Inc. (URBN)’s current-quarter revenues are projected to climb by nearly -0.49% to hit $987550, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 1.84% from $3.95 billion to a noteworthy $4.02 billion. At the other end of the current quarter income statement, Urban Outfitters, Inc. is expected to see its adjusted earnings surge by roughly -28.57% to hit $0.6 per share. For the fiscal year, URBN’s earnings are projected to climb by roughly -11.64% to hit $2.43 per share.