FBR Capital Maintains a 'Market Perform' on Urban Outfitters (URBN); Misses As It Boldly Goes Where Customers Have Yet to Follow
Tweet
Share
E-mailGet Alerts URBN Hot Sheet
Price: $77.81 +2.11%
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
FBR Capital maintains a 'Market Perform' on Urban Outfitters, Inc. (NASDAQ: URBN), PT $28.
FBR analyst says, "Urban Outfitters had a difficult quarter punctuated by weaker-than-expected sales and a sharp gross margin decline. The gross margin decline was greater than we anticipated and we did not hear anything from management that led us to believe the fashion fix was near at hand. We were also a little surprised that the company had a deceleration in its direct-to-consumer business, which management called a disappointment...Lack of conviction in current fashion keeps us on the sidelines. We will wait until a fashion fix looks to be underway before becoming more constructive."
"We are revising our 2Q11 EPS estimate from $0.36 to $0.39. We also revised
our CY11 EPS to $1.55 from $1.62. We are also revising our CY12 EPS to $1.89 from $1.93."
For more ratings news on Urban Outfitters, Inc. click here and for the rating history of Urban Outfitters, Inc. click here.
Shares of Urban Outfitters, Inc. closed at $32.29 yesterday.
FBR analyst says, "Urban Outfitters had a difficult quarter punctuated by weaker-than-expected sales and a sharp gross margin decline. The gross margin decline was greater than we anticipated and we did not hear anything from management that led us to believe the fashion fix was near at hand. We were also a little surprised that the company had a deceleration in its direct-to-consumer business, which management called a disappointment...Lack of conviction in current fashion keeps us on the sidelines. We will wait until a fashion fix looks to be underway before becoming more constructive."
"We are revising our 2Q11 EPS estimate from $0.36 to $0.39. We also revised
our CY11 EPS to $1.55 from $1.62. We are also revising our CY12 EPS to $1.89 from $1.93."
For more ratings news on Urban Outfitters, Inc. click here and for the rating history of Urban Outfitters, Inc. click here.
Shares of Urban Outfitters, Inc. closed at $32.29 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Increasing unusual put option volume: DOCS URBN AQST GFI WOLF EIX CIA CRSR FIGR HTZ NXE
- BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
