Thursday, 27 April, 2017

Urban Outfitters, First Solar, Frontier Communications booted from S&P 500

Analysts Rating Stocks Watch List: Urban Outfitters, Inc. (NASDAQ:URBN) & Zions Bancorp (NASDAQ:ZION) Traders Secrets on Yelp Inc. (YELP), Urban Outfitters, Inc. (URBN)
Mae Harvey | 13 March, 2017, 01:24

Apparel retailer Urban Outfitters (URBN), communications company Frontier Communications (FTR) and solar-energy firm First Solar (FSLR) will be removed from the S&P 500 index as of March 20, S&P Dow Jones Indices said on Friday.

03/06/2017 - Urban Outfitters, Inc. had its "hold" rating reiterated by analysts at Wunderlich. Vetr raised shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating and set a $35.50 target price on the stock in a report on Monday, December 19th.

27 analysts projected Price Targets for Urban Outfitters Inc.

Returns and Valuations for Urban Outfitters, Inc. The firm has a 50 day moving average price of $26.42 and a 200 day moving average price of $31.76. They now have a United States dollars 34 price target on the stock. The company's stock had a trading volume of 4,500,770 shares. The median one-year price target of 28 analysts covering the company is $30.50, which suggests the stock could still rise over 19 percent. Stock has got OUTPERFORM rating from 2 analysts of Thomson Reuters, 21 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.04 billion. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 12.86. While in the same Quarter Previous year, the Actual EPS was $0.25. The correct version of this article can be read at https://sportsperspectives.com/2017/03/11/q2-2018-earnings-estimate-for-urban-outfitters-inc-urbn-issued-by-keycorp.html. The firm's quarterly revenue was up 1.7% compared to the same quarter past year. If you are accessing this news story on another website, it was stolen and republished in violation of United States and global copyright and trademark laws. The analysts believe that the company stock price could grow as high as $35.

Disney To Start Shooting Of "Aladdin" Movie From July 2017
Quelling any fears of whitewashing-at least for now-the notice explains that the characters are of Middle Eastern descent. The 1992 film was set in the fictional Arabian sultanate of Agrabah, moved from the original location of Baghdad, Iraq.

Wolverines win Big Ten Tournament
The top 10 senior athletes with the highest grade points from each league school who have lettered in two sports are honored. MI shot 53.8% from three-point range (7 of 13) and 59.1% overall (13 of 22) and led by only one point at the break.

At Least 40 Killed in Twin Bombings against Pilgrims in Damascus
These include the Islamic State jihadist group, which Iraq is battling at home, but which also holds significant ground in Syria. The cemetery is one of the capital's most ancient and is where several prominent religious figures are buried.

"Urban Outfitters' (URBN) Hold Rating Reiterated at Credit Suisse Group AG" was published by Chaffey Breeze and is the property of of Chaffey Breeze. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Urban Outfitters during the fourth quarter valued at $69,571,000. Exxonmobil Investment Management Inc. Shaker Investments LLC OH bought a new stake in shares of Urban Outfitters during the third quarter worth approximately $204,000. The stock appeared $43.41 above its 52-week highs and is up 1.12% for the last five trades. Finally, BRYN MAWR TRUST Co acquired a new position in shares of Urban Outfitters during the third quarter valued at approximately $222,000. TX now owns 22,731 shares of the apparel retailer's stock worth $785,000 after buying an additional 297 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Urban Outfitters by 86.6% in the second quarter.

The moves came after S&P Dow Jones Indices raised the S&P 500 index market-cap guidelines to $6.1 billion or more, up from $5.3 billion or more.

The companies will be replaced on the S&P 500 by Advanced Micro Devices Inc., Raymond James Financial Inc., and Alexandria Real Estate Equities Inc., S&P said. Institutional investors own 78.05% of the company's stock. The Company operates through two business 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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