Canaccord Genuity Maintains a 'Hold' on Urban Outfitters (URBN); Cutting Estimates & Price Target on Weak Sales
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Price: $74.35 +2.34%
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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Canaccord Genuity maintains a 'Hold' on Urban Outfitters, Inc. (NASDAQ: URBN) price target lowered $1 to $26.
Analyst, Laura Champine, said, "URBN reported Q1 EPS of $0.23, $0.03 ahead of our forecast and consensus. Comparable retail sales, which include DTC sales, increased 2% on top of -1%, falling 200bps short of our estimate...We are reducing our Q2 EPS estimate by $0.07 to $0.31...Our FY13 EPS estimate moves $0.05 lower to $1.43 as weakness persists in women apparel, especially at Anthropologie...We believe URBN shares are fairly valued trading at 18x our 2012 EPS estimate."
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 $26.16 yesterday.
Analyst, Laura Champine, said, "URBN reported Q1 EPS of $0.23, $0.03 ahead of our forecast and consensus. Comparable retail sales, which include DTC sales, increased 2% on top of -1%, falling 200bps short of our estimate...We are reducing our Q2 EPS estimate by $0.07 to $0.31...Our FY13 EPS estimate moves $0.05 lower to $1.43 as weakness persists in women apparel, especially at Anthropologie...We believe URBN shares are fairly valued trading at 18x our 2012 EPS estimate."
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 $26.16 yesterday.
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