Urban Outfitters Inc. URBN saw a big move last session, as the company’s shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for URBN, as the stock is down nearly 28% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the Retail company has seen 19 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
URBN currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock in the Retail- Apparel/Shoe sector is Abercrombie & Fitch Co. ANF, which currently carries a Zacks Rank #1 (Strong Buy).
Is URBN going up? Or down? Predict to see what others think: Up or Down
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