Nomura Securities Maintains a 'Neutral' on Urban Outfitters (URBN); Staying Sidelined Despite Positive Q1 Surprises
Tweet
Share
E-mailGet Alerts URBN Hot Sheet
Price: $39.36 +2.07%
Rating Summary:
11 Buy, 27 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
11 Buy, 27 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Join SI Premium – FREE
Nomura Securities maintains a 'Neutral' on Urban Outfitters, Inc. (NASDAQ: URBN) price target raised $1 to $29.
Analyst, Paul Lejuez, said, "1Q had some positive surprises: 1) EPS didn’t decrease YoY for the first time in the past four quarters; 2) Anthro comps didn’t miss our forecasts and 3) GM and SG&A were better than our expectations. Despite these positives, implied 2Q guidance is light and we believe the company’s GM beat in 1Q in part was the result of not taking markdowns to be clean on inventory – markdowns that will now hit 2Q. That keeps us on the sidelines. We believe the risk/reward skews slightly favorably, but not favorably enough to justify a Buy rating. F12E EPS from $1.43 to $1.47 and our F12E EPS of $1.71 to $1.78."
For an analyst ratings summary and ratings history on Urban Outfitters, Inc. click here. For more ratings news on Urban Outfitters, Inc. click here.
Shares of Urban Outfitters, Inc. closed at $26.16 yesterday.
Analyst, Paul Lejuez, said, "1Q had some positive surprises: 1) EPS didn’t decrease YoY for the first time in the past four quarters; 2) Anthro comps didn’t miss our forecasts and 3) GM and SG&A were better than our expectations. Despite these positives, implied 2Q guidance is light and we believe the company’s GM beat in 1Q in part was the result of not taking markdowns to be clean on inventory – markdowns that will now hit 2Q. That keeps us on the sidelines. We believe the risk/reward skews slightly favorably, but not favorably enough to justify a Buy rating. F12E EPS from $1.43 to $1.47 and our F12E EPS of $1.71 to $1.78."
For an analyst ratings summary and ratings history on Urban Outfitters, Inc. click here. For more ratings news on Urban Outfitters, Inc. click here.
Shares of Urban Outfitters, Inc. closed at $26.16 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FI) PT Raised to $175 at TD Cowen
- AGNC Investment Corp (AGNC) PT Lowered to $10.25 at Jones Trading
- Fiserv (FI) PT Raised to $200 at Evercore ISI
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
