Stifel Reiterates Buy on Urban Outfitters (URBN) Following 2Q

August 17, 2016 8:23 AM EDT
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Price: $26.98 --0%

Rating Summary:
    14 Buy, 30 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Stifel reiterated a Buy rating on Urban Outfitters, Inc. (NASDAQ: URBN), and raised the price target to $40.00 (from $35.00), following the company's 2Q earnings report. URBN reported an $0.11 EPS beat. Stifel believes that URBN is a particularly well-positioned business for the retail environment of today.

Analyst Richard Jaffe commented, "URBN reported 2Q EPS of $0.66, $0.11 above consensus and our estimate. The beat vs. our estimate was driven by better than expected sales and gross margin. EPS increased an impressive 27% vs. LY as solid execution drove positive comps and substantial merchandise margin improvement."

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 $31.24 yesterday.

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