Urban Outfitters (URBN) 'One Of The Best Names To Own For 2013' - FBR

December 6, 2012 7:48 AM EST
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Price: $26.26 +0.27%

Rating Summary:
    14 Buy, 30 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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FBR Capital maintained an Outperform rating on Urban Outfitters, Inc. (NASDAQ: URBN) with a price target of $42.00, calling it "one of the best names to own for 2013".

The stock has been a laggard recently, with shares down 10 percent from September highs, in part because of concerns about promotional activity over the holiday season.

"We believe the company had a strong Black Friday weekend, especially at Urban Outfitters, with a similar to last year's extra 50% off clearance promotion, with duration and breadth of the promotion less than last year,” said analyst Anna Andreeva.

Mall traffic slowed post-Black Friday, but purchasing behavior should pickup later in the season.

Andreeva sees women's and men's apparel comping mid singles or better in 4Q1, and is positive on the company's overall metrics.

FBR maintained 4Q12/2012/2013EPS estimates of $0.53/$1.58/$1.85.

Anreeva thinks $2.00 in EPS for 2013 is "realistic".

For an analyst ratings summary and ratings history on Urban Outfitters, Inc. (NASDAQ: URBN) click here. For more ratings news on Urban Outfitters, Inc. click here.

Shares of Urban Outfitters, Inc. closed at $36.35 yesterday.

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