UBS Raises PT and Estimates on Urban Outfitters (URBN) After Strong Q2; Is This a Tipping Point?

August 21, 2012 12:42 PM EDT
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Price: $26.95 -0.37%

Rating Summary:
    14 Buy, 30 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 9
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UBS maintains a 'Neutral' on Urban Outfitters, Inc. (NASDAQ: URBN) price target of $37.00 (from $28.00).

Analyst, Roxanne Meyer, said, "Greater confidence in margin recovery, still looking for topline inflection...There's a lot to like into 2H as inventories are planned conservatively, gross margin is already benefiting from lower markdowns, and sales have stabilized, while compares get much easier in 2H. However, the real power of the model (EPS, multiple) should come from sales acceleration, particularly as URBN invests ahead of growth. Longer-term, we view URBN as a best-in-class retailer and a trailblazer in DTC. When merchandise resonates, URBN’s growth profile should once again be amongst the most powerful retailers; we continue to look for inflection."

FY13 EPS estimate from $1.47 to $1.63 and FY14 raised from $1.77 to $1.96.

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 $31.28 yesterday.

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