Barclays Adjusts Price Target & Estimates on Urban Outfitters (URBN); Sees Higher Op Margins in Direct Business

Barclays maintains an 'Overweight' on Urban Outfitters, Inc. (NASDAQ: URBN) price target raised from $31 to $35.

Analyst, Stacy Pak, noted URBN reported Q4 EPS of $0.27, which was in-line with Barclays, but $0.02 below consensus. Pak feels that the company's investment into its direct business is worth noting and she is a big believer that operating margins will significantly increase and URBN will eventually have a powerful divisional model. Pak thinks Feb comps are up over January and both businesses (direct and stores) improved sequentially. Pak maintains Q1 EPS estimate at $0.19, but lowers FY12 from $1.65 to $1.57.

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 $29.51 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Berenberg Upgrades Accelleron Industries AG (ACLN:SW) to Buy
• Investec Double Upgrades Alkem Laboratories Ltd (ALKEM:IN) to Buy
• ICICI Securities Downgrades Manappuram Finance Ltd (MGFL:IN) to Hold (3)