Janney Montgomery Scott Maintains a 'Buy' on Urban Outfitters (URBN); Expecting Positive Trends From 10-K

Janney Montgomery Scott maintains a 'Buy' on Urban Outfitters, Inc. (NASDAQ: URBN) price target of $36.00.

JMS analyst says, "On April 2, 2012, after the market close, we believe URBN may file its 2011 10-K. Included in the Management's Discussion and Financial Analysis, the company typically has commentary on the consolidated quarter-to-date comparable retail segment trend. Based on our channel checks and overall rising tide from an early spring and color trends, we believe comps likely turned positive in March."

"We are maintaining our 1Q12 EPS estimate of $0.18 (versus consensus of $0.20), but now expect we are conservative. We are also maintaining our FY12 and FY13 EPS estimates of $1.50 (versus consensus of $1.46) and $1.80 (versus consensus of $1.81), respectively."

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 $29.19 yesterday.

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