Urban Outfitters (URBN): Anthropologie Finding Its Way - Jefferies

November 23, 2016 8:47 AM EST
Get Alerts URBN Hot Sheet
Price: $26.19 -2.93%

Rating Summary:
    14 Buy, 30 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Jefferies analyst, Randal Konik, reiterated his Buy rating on shares of Urban Outfitters, Inc. (NASDAQ: URBN) after the 3Q miss was largely driven by weakness in apparel at Anthropologie. He remains encouraged by the momentum at UO, bucking the industry trend, with higher store traffic.

The analyst sees Anthro finding its way over the next several quarters as the customer adopts to the fashion shift (with mgmt already pointing to a slight QTD acceleration in comps) and views URBN as a key beneficiary of a stronger fashion cycle.

No change to the price target of $45.

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 $39.01 yesterday.

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