Jefferies Reiterates an 'Underperform' on Urban Outfitters, Inc. (URBN); Very Overvalued
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Price: $74.24 +2.19%
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies reiterates an 'Underperform' on Urban Outfitters, Inc. (NASDAQ: URBN) price target of $17.00.
Analyst, Randal J. Konik, said, "We love the specialty retail sector but URBN is the only stock we dislike because of slowing growth, returns eroding and trends unlikely to snap back anytime soon. Additionally mgmt shuffling has added uncertainty and valuation is still very high."
"URBN currently trades at 24x FY'13 EPS and 11x EV/EBITDA, which we believe is very high given that mgmt is still trying to fix the core biz, growth concepts have (at least temporarily) moved down the priority list, fundamentals are uneven and returns are eroding. We see risk/reward as very unfavorable at these levels."
Konik cuts FY12 EPS estimate from $1.25 to $1.21 and FY13 from $1.25 to $1.20.
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 $29.50 yesterday.
Analyst, Randal J. Konik, said, "We love the specialty retail sector but URBN is the only stock we dislike because of slowing growth, returns eroding and trends unlikely to snap back anytime soon. Additionally mgmt shuffling has added uncertainty and valuation is still very high."
"URBN currently trades at 24x FY'13 EPS and 11x EV/EBITDA, which we believe is very high given that mgmt is still trying to fix the core biz, growth concepts have (at least temporarily) moved down the priority list, fundamentals are uneven and returns are eroding. We see risk/reward as very unfavorable at these levels."
Konik cuts FY12 EPS estimate from $1.25 to $1.21 and FY13 from $1.25 to $1.20.
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 $29.50 yesterday.
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