Cubic Asset Management Cut Bed Bath & Beyond (BBBY) Stake By $304,400; Urban Outfitters, Inc. (URBN) Covered By 11 Bullish Analysts Last Week

Read article : Cubic Asset Management Cut Bed Bath & Beyond (BBBY) Stake By $304,400; Urban Outfitters, Inc. (URBN) Covered By 11 Bullish Analysts Last Week

August 24, 2017 - By Vivian Currie

Cubic Asset Management Llc decreased Bed Bath & Beyond Inc (BBBY) stake by 22.04% reported in 2016Q4 SEC filing. Cubic Asset Management Llc sold 7,610 shares as Bed Bath & Beyond Inc (BBBY)’s stock declined 14.12%. The Cubic Asset Management Llc holds 26,917 shares with $1.09 million value, down from 34,527 last quarter. Bed Bath & Beyond Inc now has $3.98 billion valuation. The stock increased 0.58% or $0.16 during the last trading session, reaching $27.53. About shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 16.34% since August 24, 2016 and is downtrending. It has underperformed by 33.04% the S&P500.

Among 33 analysts covering Urban Outfitters Inc. (NASDAQ:URBN), 11 have Buy rating, 2 Sell and 20 Hold. Therefore 33% are positive. Urban Outfitters Inc. had 95 analyst reports since July 31, 2015 according to SRatingsIntel. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, November 17 report. The rating was maintained by FBR Capital on Tuesday, March 8 with “Market Perform”. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) has “Sector Perform” rating given on Tuesday, November 17 by RBC Capital Markets. The firm has “Market Perform” rating given on Friday, June 10 by Telsey Advisory Group. The company was maintained on Tuesday, August 8 by BMO Capital Markets. Mizuho maintained the shares of URBN in report on Tuesday, November 17 with “Neutral” rating. The firm earned “Neutral” rating on Wednesday, February 8 by Mizuho. The company was maintained on Wednesday, August 17 by Oppenheimer. The firm earned “Hold” rating on Wednesday, November 23 by Deutsche Bank. The firm earned “Buy” rating on Wednesday, August 16 by Robert W. Baird. See Urban Outfitters, Inc. (NASDAQ:URBN) latest ratings:

16/08/2017 Broker: SunTrust Rating: Buy Maintain
16/08/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $17 New Target: $19 Maintain
16/08/2017 Broker: Bank of America Rating: Buy Old Target: $22 New Target: $24 Maintain
16/08/2017 Broker: Robert W. Baird Rating: Buy New Target: $22.0 Maintain
16/08/2017 Broker: Goldman Sachs Rating: Sell New Target: $18.0
16/08/2017 Broker: Jefferies Rating: Buy New Target: $25.0 Maintain
16/08/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $26.0
15/08/2017 Broker: Oppenheimer Rating: Hold Maintain
15/08/2017 Broker: FBR Capital Rating: Neutral Old Target: $24 New Target: $16 Maintain
08/08/2017 Broker: BMO Capital Markets Rating: Hold New Target: $20.0000 Maintain

Investors sentiment increased to 0.77 in Q4 2016. Its up 0.03, from 0.74 in 2016Q3. It increased, as 59 investors sold BBBY shares while 178 reduced holdings. 48 funds opened positions while 135 raised stakes. 138.22 million shares or 0.25% less from 138.56 million shares in 2016Q3 were reported. Panagora Asset Inc invested in 188,517 shares. Aviva Public Ltd Co reported 100,862 shares. Thompson Investment Mngmt invested in 0.77% or 96,751 shares. Boyar Asset Management stated it has 1.04% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Pitcairn invested in 0.12% or 23,196 shares. Moreover, Breithorn Cap Management has 0.33% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Klingenstein Fields And Ltd Liability Corp has 0.01% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Tci Wealth holds 0% or 200 shares in its portfolio. Sei reported 231,115 shares. Amica Mutual Insurance Commerce reported 0.06% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Teachers Retirement Systems Of The State Of Kentucky reported 0.01% stake. Shufro Rose And Com Lc, a New York-based fund reported 49,745 shares. Ontario Teachers Pension Plan Board holds 0.05% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 124,044 shares. Old Mutual Customised Solutions (Proprietary) Ltd invested 0.05% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Gam Ag holds 0.25% or 356,052 shares in its portfolio.

Analysts await Bed Bath & Beyond Inc. (NASDAQ:BBBY) to report earnings on September, 19 after the close. They expect $0.95 earnings per share, down 14.41% or $0.16 from last year’s $1.11 per share. BBBY’s profit will be $137.34 million for 7.24 P/E if the $0.95 EPS becomes a reality. After $0.58 actual earnings per share reported by Bed Bath & Beyond Inc. for the previous quarter, Wall Street now forecasts 63.79% EPS growth.

Cubic Asset Management Llc increased Fedex Corporation (NYSE:FDX) stake by 3,060 shares to 30,885 valued at $5.75M in 2016Q4. It also upped Itt Inc stake by 31,540 shares and now owns 43,997 shares. Cisco Systems Inc (NASDAQ:CSCO) was raised too.

Among 28 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 have Buy rating, 7 Sell and 19 Hold. Therefore 7% are positive. Bed Bath & Beyond had 54 analyst reports since September 21, 2015 according to SRatingsIntel. Citigroup maintained the shares of BBBY in report on Thursday, September 22 with “Sell” rating. The company was maintained on Friday, January 8 by Telsey Advisory Group. The firm earned “Hold” rating on Monday, June 19 by Robert W. Baird. Telsey Advisory Group maintained the shares of BBBY in report on Thursday, June 23 with “Market Perform” rating. The company was maintained on Friday, January 8 by Argus Research. The firm has “Buy” rating by Cantor Fitzgerald given on Friday, September 25. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Neutral” rating by Robert W. Baird on Friday, January 8. Morgan Stanley maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Friday, June 23 with “Sell” rating. The firm earned “Sector Perform” rating on Friday, February 12 by Oppenheimer. The firm has “Sell” rating by Topeka Capital Markets given on Tuesday, May 24.

Since May 5, 2017, it had 0 insider purchases, and 1 insider sale for $3.59 million activity. Shares for $3.59 million were sold by TEMARES STEVEN H.

Urban Outfitters, Inc. is a lifestyle specialty retail company. The company has market cap of $2.26 billion. The Firm operates through two divisions: Retail and Wholesale. It has a 13.08 P/E ratio. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its clients through retail stores, Websites, mobile applications, catalogs and customer contact centers.

Investors sentiment decreased to 1.09 in Q4 2016. Its down 0.10, from 1.19 in 2016Q3. It is negative, as 48 investors sold Urban Outfitters, Inc. shares while 89 reduced holdings. 47 funds opened positions while 102 raised stakes. 85.37 million shares or 1.17% less from 86.38 million shares in 2016Q3 were reported. Manufacturers Life Insur The stated it has 97,468 shares. Invesco holds 0.02% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN) for 2.02M shares. Gateway Invest Advisers Limited Liability Corp reported 0% of its portfolio in Urban Outfitters, Inc. (NASDAQ:URBN). Geode Capital Lc reported 0.01% stake. Canada Pension Plan Inv Board accumulated 0.02% or 182,762 shares. New York-based Armistice Ltd Co has invested 2.02% in Urban Outfitters, Inc. (NASDAQ:URBN). 16,591 were reported by Amalgamated Bankshares. 27,541 are held by Capstone Asset Mngmt. Citadel Advsr Limited Liability Corp accumulated 644,758 shares. Meeder Asset accumulated 0.08% or 28,345 shares. 13,400 were accumulated by Pacad Investment Ltd. Nuveen Asset Mgmt Ltd Liability Co reported 501,258 shares or 0.07% of all its holdings. State Treasurer State Of Michigan reported 0.01% stake. Tudor Inv Et Al owns 0.01% invested in Urban Outfitters, Inc. (NASDAQ:URBN) for 11,800 shares. 2.57M were accumulated by Blackrock Institutional Trust Company Na.

The stock increased 0.46% or $0.09 during the last trading session, reaching $19.55. About 200 shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has declined 30.56% since August 24, 2016 and is downtrending. It has underperformed by 47.26% the S&P500.

By Vivian Currie

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