Valley National Bancorp (VLY) grew with the stock adding 1.6% or $0.19 to close at $12.03 on light trading volume of 1.86M compared its three months average trading volume of 2.4M. The Wayne New Jersey 07470 based company operating under the Regional – Northeast Banks industry has been trending up for the last 52 weeks, with the shares price now 43.27% up for the period and up by 3.35% so far this year. With price target of $12.36 and a 49.04% rebound from 52-week low, Valley National Bancorp has plenty of upside potential, making it a hold with a view buy.
Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.
Urban Outfitters, Inc. (URBN) had a light trading with around 1.85M shares changing hands compared to its three month average trading volume of 2.89M. The stock traded between $26.57 and $27.21 before closing at the price of $26.87 with 0.79% change on the day. The Philadelphia Pennsylvania 19112 based company is currently trading 15.72% above its 52 week low of $23.9 and -34.14% below its 52 week high of $40.8. Both the RSI indicator and target price of and $32.82 respectively, lead us to believe that it could rise over the coming weeks.
Urban Outfitters, Inc., a lifestyle specialty retail company, engages in the retail and wholesale of general consumer products. It operates through two segments, Retail and Wholesale. The company retails women’s and men’s fashion apparel, intimates, footwear, beauty and accessories, home goods, activewear and gear, and electronics, as well as a mix of apartment wares and gifts for young adults aged 18 to 28 under the Urban Outfitters brand; and assortment, including women’s casual apparel and accessories, intimates, shoes, beauty, home furnishings, and various gifts and decorative items for women aged 28 to 45 under the Anthropologie brand. It also offers a collection of heirloom quality wedding gowns, bridesmaid frocks, party dresses, assorted jewelry, headpieces, footwear, lingerie, and decorations under the Bhldn brand; and lifestyle home and garden products, antiques, live plants, flowers, wellness products, and accessories under the Terrain brand, as well as operates Terrain garden centers that offer full service restaurant and coffee bar services. In addition, the company operates Free People retail stores that provide merchandise mix of casual women’s apparel, intimates, shoes, accessories, activewear, home products, and gifts for women aged 25 to 30. It serves its customers directly through retail stores, Websites, mobile applications, catalogs, and customer contact centers. As of March 7, 2016, the company operated 240 Urban Outfitters stores; and 218 Anthropologie Group stores comprising Anthropologie, Bhldn, and Terrain brands in the United States, Canada, and Europe, as well as 114 Free People stores in the United States and Canada. It also engages in the wholesale business under the Free People brand that designs, develops, and markets young women’s contemporary casual apparel and shoes to approximately 1,800 specialty stores and select department stores worldwide. The company was founded in 1970 and is based in Philadelphia, Pennsylvania.
Toll Brothers, Inc. (TOL) saw its value decrease by -0.1% as the stock dropped $-0.03 to finish the day at a closing price of $31.17. The stock was lighter in trading and has fluctuated between $24.32-$33.48 per share for the past year. The shares, which traded within a range of $30.67 to $31.24 during the day, are up by 13.39% in the past three months and up by 11.6% over the past six months. It is currently trading -0.99% below its 20 day moving average and -0.66% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $36.31 a share over the next twelve months. The current relative strength index (RSI) reading is 44.51.The technical indicator lead us to believe there will be no major movement any time soon, hold.
Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets under the Toll Brothers City Living name. In addition, the company develops, owns, and operates golf courses and country clubs that are associated with various master planned communities; develops and sells land to other builders; and develops, operates, and rents apartments. The company serves move-up, empty-nester, active-adult, age-qualified, and second-home buyers in 19 states in the United States. Toll Brothers, Inc. was founded in 1967 and is headquartered in Horsham, Pennsylvania.