Brean Murray Carret & Co. Upgrades Urban Outfitters, Inc. (URBN) to Hold; Better-Than-Expected Qtr

August 21, 2012 7:03 AM EDT
Get Alerts URBN Hot Sheet
Price: $26.14 -3.11%

Rating Summary:
    14 Buy, 30 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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Brean Murray Carret & Co. upgraded Urban Outfitters, Inc. (NASDAQ: URBN) from Sell to Hold.

Brean analyst said, "the company registered solid 2Q margin upside and demonstrated that, while we still have issues on top line results, that they are in charge in terms of driving margin upside for the rest of the fiscal year (at least). Given that the company is facing the easiest comp comparisons of the year (by far) in 3Q and margin gains in 2H should be easier, driven by cheaper cotton and less price cuts, it would be somewhat suicidal to remain in the Sell camp. As such, we are slinking away to lick our wounds and look for the next turning point in the URBN saga."

FY13 EPS estimate raised from $1.35 to $1.59 and FY14 from $1.70 to $1.87.

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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