Oppenheimer Reiterates an 'Outperform' on Urban Outfitters (URBN); Remains a Top 2H Pick
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Price: $41.84 -1.09%
Rating Summary:
13 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
13 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade URBN Now!
Oppenheimer reiterates an 'Outperform' on Urban Outfitters, Inc. (NASDAQ: URBN) price target of $35.00.
Analyst, Pamela Quintiliano, said, "QTD retail segment comps (including DTC) are trending LSD positive vs. negative LSDs in last year's update (issued 6/8/11)...We view these results favorably and believe that the Urban division continues to significantly outpace Anthropologie (we estimate 5% Urban vs. slightly negative/flattish Anthropologie), although both are improving. We see this as evidence that merchandising and inventory controls are continuing to gain momentum. URBN remains a top back-half pick. We see downside risk as limited with catalysts in place to ensure a 2H recovery."
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 $27.13 yesterday, with a 52 week range of $21.47-$33.90.
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Analyst, Pamela Quintiliano, said, "QTD retail segment comps (including DTC) are trending LSD positive vs. negative LSDs in last year's update (issued 6/8/11)...We view these results favorably and believe that the Urban division continues to significantly outpace Anthropologie (we estimate 5% Urban vs. slightly negative/flattish Anthropologie), although both are improving. We see this as evidence that merchandising and inventory controls are continuing to gain momentum. URBN remains a top back-half pick. We see downside risk as limited with catalysts in place to ensure a 2H recovery."
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 $27.13 yesterday, with a 52 week range of $21.47-$33.90.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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