URBN stock forecast: is Urban Outfitter a good stock to buy?
A look at URBN stock predictions and forecasts for the rest of 2021
Shares in Urban Outfitters soared from $12 to almost $40 earlier this year – but after record Q2 profits, the US retailer’s stock dropped below $35 in late August. What does this mean for Urban Outfitters' price prediction?
The Philadelphia-based lifestyle retailer, founded in 1970, with a portfolio of global consumer brands comprising Anthropologie, Free People, BHLDN, Terrain, Menus & Venues and Nuuly, has been through several failed breakouts during the year.
The first attempt occurred in March, then in June and July, each time retracing from the $40 resistance level.
At the end of August, the stock again failed the $40 test, when immediately after its record Q2 2021 results the company announced on the platform Tmall that it was about to leave the Chinese market.
So can URBN stock break the $40 level or will it fall back once again?
In late August, the company, still thriving despite the pandemic, unveiled its Nuuly Thrift platform, a resale marketplace community aimed at gaining market share in the growing online resale market and expected to launch in autumn 2021. In the light of the latest news, what is the Urban Outfitters price prediction for this year?
If you are wondering if Urban Outfitters is a good investment in 2021 or whether the stock will expand the bullish spiral over the longer term, you're in the right place. Let's look at URBN stock predictions and forecasts for the rest of 2021.
|Oct 12, 2021||29.66||0.97||3.38%||28.69||29.75||28.65|
|Oct 11, 2021||28.54||-1.30||-4.36%||29.84||30.15||28.46|
|Oct 8, 2021||29.58||0.06||0.20%||29.52||30.70||29.43|
|Oct 7, 2021||29.60||0.21||0.71%||29.39||30.22||29.39|
|Oct 6, 2021||29.22||-0.12||-0.41%||29.34||30.01||28.70|
|Oct 5, 2021||29.79||-0.44||-1.46%||30.23||31.01||29.76|
|Oct 4, 2021||30.48||0.93||3.15%||29.55||30.85||29.55|
|Oct 1, 2021||30.31||0.65||2.19%||29.66||30.61||29.27|
|Sep 30, 2021||29.58||-0.83||-2.73%||30.41||30.96||29.45|
|Sep 29, 2021||31.24||-0.29||-0.92%||31.53||32.23||31.12|
|Sep 28, 2021||31.51||-0.23||-0.72%||31.74||31.90||31.33|
|Sep 27, 2021||31.72||-0.17||-0.53%||31.89||32.53||31.64|
|Sep 24, 2021||31.79||-0.40||-1.24%||32.19||32.48||31.77|
|Sep 23, 2021||32.77||0.21||0.64%||32.56||33.82||32.56|
|Sep 22, 2021||32.49||0.74||2.33%||31.75||32.89||31.75|
|Sep 21, 2021||31.88||-0.18||-0.56%||32.06||32.50||31.42|
|Sep 20, 2021||32.04||0.59||1.88%||31.45||32.43||30.94|
|Sep 17, 2021||32.39||-0.52||-1.58%||32.91||33.44||32.12|
|Sep 16, 2021||32.68||-0.01||-0.03%||32.69||33.39||32.63|
|Sep 15, 2021||32.53||1.05||3.34%||31.48||32.71||31.42|
The story so far
URBN began trading as a penny stock company in the 1980s and 1990s. However, Urban Outfitters' share price greeted the new millennium at roughly $30 and fluctuated around that level for the next two decades. The company’s stock price rarely succeeded in breaking the $40 resistance.
In 2020, hit by poor retail stores sales during the COVID pandemic, the URBN stock price witnessed the second lowest record in its history at around $12. A year later, in March 2021, the URBN stock price met its first $40-level test when the company posted a positive Q4 despite continuing shop closures as a result of ongoing COVID restrictions.
Nevertheless, the pandemic shifted customer shopping preferences to digital channels and the company improved its e-commerce presence, posting “exceptionally strong", triple-digital online sales increases last April – offsetting the loss of store sales.
But the ecologic partnership with the recycling and reuse service FABSCRAP announced a few days later in the wake of the climate-change debate did not help the bullish momentum, and again the stock failed the $40 test.
Helped by influencers ads on social networks, the company navigated the pandemic strongly. In June and July, the URBN share price seemed to be set to break the $40 resistance again. Nevertheless, it barely maintained the $39 level for a few days before retracing to $35 and fluctuating around that level.
At the end of August, the stock once again failed the $40 level test, as immediately after announcing record sales in its Q2 2021 results, the company made the announcement about leaving the Chinese market in September. Tmall was, in fact, the only platform used by the company in China, and as a consequence URBN lost its 1.1m followers and potential customers in that market.
What’s next? The pandemic impact on Urban Outfitters
The significant impact of COVID-19 on the URBN business is still causing numerous problems and cost pressures in many areas of the business. Logistics, sourcing, fulfilment and the overall labour market remain constant areas of focus right now for the company.
Richard A. Hayne, Uban Outfitters' chief executive, said: “Our biggest concern right now is actually getting the inventory, not when it’s going to come in or how much it's going to cost.
“We are just doing whatever we can to get it in whenever we can, bringing a lot of or most of our product now by air to try to offset the port congestions and the shipping charges on the ocean and the lack of containers. So that’s all going to impact margins, but we believe that bringing the inventory in as quickly as we can is the most prudent thing to do right now”, he added.
Moreover, the pandemic is reshaping the competitive retail landscape, generating new challenges and forcing retailers to deliver an excellent e-commerce experience to cope with their competitors.
One of the most popular examples is US retailer Gap (GAP), one of URBN's main competitors along with Guess (GES). In 2020 Gap posted online purchases amounting to $6bn, with e-commerce representing almost half of all sales in Q4 2020, while stores sales declined, bringing about some closures. In July 2021 Gap announced it was closing all its UK and Ireland stores.
Urban Outfitters stock forecast for 2021
The full picture sees URBN's price-to-book ratio, which compares the tangible accounting value of a firm to the market value, at around 2.0 through 2021, while the Gap price-to-book ratio has been fluctuating during the year at around the 3.5 level.
As for the URBN stock forecasts for 2021, they vary. On Friday 27 August, 15 analysts on CNN forecast the URBN 12-month stock price as having a median target of $44, with a high estimate of $53 and a low estimate of $35. Meanwhile 12 out of 18 analysts recommended holding it, with four making it a 'buy'.
Gov.capital's URBN stock forecasts see the target price at around $33 at the end of 2021, or moving in the $28-$38 range, while WalletInvestor puts its at $35, with a $26 support and a $43 resistance for December 2021.
The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
Urban Outfitters stock forecast, URBN price prediction: Buy or sell Urban Outfitters, Inc. shares?
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Urban Outfitters Inc Stock Predictions
Urban Outfitters Inc (URBN) is a Sell
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Urban Outfitters Inc Stock Forecast
- Over the next 52 weeks, Urban Outfitters Inc has on average historically risen by 21.5% based on the past 27 years of stock performance.
- Urban Outfitters Inc has risen higher in 15 of those 27 years over the subsequent 52 week period, corresponding to a historical accuracy of 55.56%
- Is Urban Outfitters Inc Stock Undervalued?
The current Urban Outfitters Inc [URBN] share price is $29.78. The Score for URBN is 44, which is 12% below its historic median score of 50, and infers higher risk than normal.
- URBN is currently trading in the 40-50% percentile range relative to its historical Stock Score levels.
Will Urban Outfitters Inc Stock Go Up Next Year?
Over the next 52 weeks, Urban Outfitters Inc has on average historically risen by 21.5% based on the past 27 years of stock performance.
Is Urban Outfitters Inc Stock Overpriced?
Is Urban Outfitters Inc stock overvalued?
Urban Outfitters Inc stock is rated a Sell
- Urban Outfitters Inc has risen higher in 15 of those 27 years over the subsequent 52 week period, corresponding to a historical accuracy of 55.56%
- Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and URBN is experiencing buying pressure, which is a positive indicator for future bullish movement.
- Exchange: S&P500
- Country Name: United States
- Industry: Apparel Retail
- Sector: Consumer Cyclical
- Type: STOCK
52 Week Data
- 52 Week High: 42.10000
- 52 Week Low: 21.98000
- Market Cap: 2.9B
- Price: USD 29.78
- Share Volume: 1.3M
- Beta: 1.17
- 50 Day Mov. Avg.: 33.83
- 100-Day Mov. Avg.: 35.99
- 200 Day Mov. Avg.: 34.89
- 52 Week Change: 26.51%
- Is Urban Outfitters Inc stock public?
Yes, Urban Outfitters Inc is a publicly traded company.
- What is the Urban Outfitters Inc stock quote today?
The Urban Outfitters Inc stock price is 29.78 USD today.
- How to buy Urban Outfitters Inc stock online?
14 Day Historical Data
Urban Outfitters Stock Forecast, "URBN" Share Price Prediction Charts
Stock forecast outfitters urban
Urban Outfitters Inc (NASDAQ:URBN)
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Urban Outfitters Stock Forecast NASDAQ:URBN
Stronger technical forecast for Urban Outfitters stock price after Tuesday trading.
(Updated on Oct 12, 2021)
Hold candidate since 2021-10-12 PDF
The Urban Outfitters stock price gained 3.98% on the last trading day (Tuesday, 12th Oct 2021), rising from $28.64 to $29.78. During the day the stock fluctuated 3.86% from a day low at $28.75 to a day high of $29.86. The price has fallen in 6 of the last 10 days and is down by -5.91% for this period. Volume fell on the last day by -128 thousand shares and in total, 1 million shares were bought and sold for approximately $37.74 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $28.49 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -21.05% during the next 3 months and, with a 90% probability hold a price between $22.49 and $28.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Signals & Forecast
There are mixed signals in the stock today. The Urban Outfitters stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $32.17. On a fall, the stock will find some support from the short-term average at $29.67. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Monday, October 11, 2021, and so far it has risen 3.98%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss
Urban Outfitters finds support from accumulated volume at $29.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.11 between high and low, or 3.86%. For the last week, the stock has had a daily average volatility of 4.35%.
Our recommended stop-loss: $28.49 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 days ago.)
Is Urban Outfitters stock A Buy?
Urban Outfitters holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.944
Predicted Opening Price for Urban Outfitters of Wednesday, October 13, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price October 13, 2021||Current price|
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On Aug 26, 2021 "Morgan Stanley" gave "$44.00 - $45.00" rating for URBN. The price target was changed from $35.90 to 2.6%.
Overall Risk: Very HighHighMediumLowVery Low
Daily Average Volatility
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NASDAQ: URBNUrban Outfitters Inc Stock Forecast, Predictions & Price Target
(NASDAQ: URBN) Urban Outfitters's forecast annual revenue growth rate of 5.44% is not forecast to beat the US Apparel Retail industry's average forecast revenue growth rate of 7.26%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 12.12%.
Urban Outfitters's revenue in 2021 is $4,143,140,000.On average, 7 Wall Street analysts forecast URBN's revenue for 2022 to be $440,740,431,921, with the lowest URBN revenue forecast at $437,908,044,515, and the highest URBN revenue forecast at $446,571,933,480. On average, 7 Wall Street analysts forecast URBN's revenue for 2023 to be $461,754,887,399, with the lowest URBN revenue forecast at $436,499,474,011, and the highest URBN revenue forecast at $489,852,032,760.
In 2024, URBN is forecast to generate $470,730,097,987 in revenue, with the lowest revenue forecast at $470,730,097,987 and the highest revenue forecast at $470,730,097,987.