Needham & Company reiterates a 'Strong Buy' on Urban Outfitters (URBN) After 10-Q Showing Signs of Stabilization at Retail
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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
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Needham & Company reiterates a 'Strong Buy' on Urban Outfitters, Inc. (NASDAQ: URBN), PT
Needham analyst says, "URBN is one of the best growth stories in the specialty retail space and should be a core holding for retail investors. Despite near term merchandise issues due to the fashion shift, we believe adjustments can be made by F2H given short lead times that should result in improved sales momentum. At ~13.5x our FY12 EPS estimate of $2.11, URBN is trading in-line with the sector average of ~15x, though at a significant discount to its average 5 year historical P/E of 27x, and long term organic growth rate of 20% to 25%. We believe that the stock deserves to trade at a premium to the industry and at least in-line with the mid-point of its growth rate of 20% to 25% (~23x) or $48 per share."
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 $28.49 yesterday.
Needham analyst says, "URBN is one of the best growth stories in the specialty retail space and should be a core holding for retail investors. Despite near term merchandise issues due to the fashion shift, we believe adjustments can be made by F2H given short lead times that should result in improved sales momentum. At ~13.5x our FY12 EPS estimate of $2.11, URBN is trading in-line with the sector average of ~15x, though at a significant discount to its average 5 year historical P/E of 27x, and long term organic growth rate of 20% to 25%. We believe that the stock deserves to trade at a premium to the industry and at least in-line with the mid-point of its growth rate of 20% to 25% (~23x) or $48 per share."
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 $28.49 yesterday.
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