Urban Outfitters (URBN): Path To 5% Margin Improvement - Jefferies
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Jefferies analyst, Randall Konik, reiterated his Buy rating on shares of Urban Outfitters, Inc. (NASDAQ: URBN) since UO and Anthro margins are well off highs (and historical avgs), and he believes that they can improve by ~500 bps over the next few years driven by: 1) Better reg priced selling, 2) higher IMUs, and 3) SG&A leverage, supporting EPS upside going forward.
No change to the $45 PT.
Shares of Urban Outfitters, Inc. closed at $33.58 yesterday.
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