Janney Montgomery Scott maintains a 'Neutral' on Urban Outfitters (URBN); Lowering EPS; Ongoing Margin Pressure & Inventory Expected Higher Than Sales

Janney Montgomery Scott maintains a 'Neutral' on Urban Outfitters, Inc. (NASDAQ: URBN) price target of $25.00.

JMS analyst says, "Lowering EPS estimates due to continued margin pressure and pushing evidence of the turn to 1H12 from 2H11; lowering fair value to $25 from $26. As a result of continuing margin pressure, we are lowering our 3Q11 EPS estimate to $0.31 from $0.33 (the Street is at $0.34); our 4Q11 EPS to $0.44 from $0.47 (the Street is at $0.48); and our FY11 estimate goes to $1.33 from $1.38 (the Street is at $1.40). We are also lowering our FY12 EPS estimate to $1.68 from $1.74 (the Street is at $1.74)."

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 $26.34 yesterday.

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