Needham & Company Maintains a 'Strong Buy' on Urban Outfitters (URBN) After F3Q EPS \Beats Our Estimate & Consensus
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Price: $76.64 -1.5%
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Needham & Company maintains a 'Strong Buy' on Urban Outfitters, Inc. (NASDAQ: URBN) price target of $48.00.
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 fashion has improved at UO while key categories at Anthro remain challenged, but could improve by F1H12, due to short lead times. At ~15x our lowered FY12 EPS estimate of $1.82, URBN is trading slightly above the sector average of ~14x, though at a significant discount to its average 5 year historical P/E of 27x, and long term organic growth rate of 25% to 27%. 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 25% to 27%."
"We are reducing our F4Q & FY11 EPS estimates to $0.38 & $1.29, respectively, from $0.43 & $1.33...We are reducing our F4Q, & FY12 EPS estimates to $0.60 & $1.82, respectively, from $0.62 & $1.84."
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 $26.83 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 fashion has improved at UO while key categories at Anthro remain challenged, but could improve by F1H12, due to short lead times. At ~15x our lowered FY12 EPS estimate of $1.82, URBN is trading slightly above the sector average of ~14x, though at a significant discount to its average 5 year historical P/E of 27x, and long term organic growth rate of 25% to 27%. 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 25% to 27%."
"We are reducing our F4Q & FY11 EPS estimates to $0.38 & $1.29, respectively, from $0.43 & $1.33...We are reducing our F4Q, & FY12 EPS estimates to $0.60 & $1.82, respectively, from $0.62 & $1.84."
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 $26.83 yesterday.
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