2013 Could be Good Year for Urban Outfitters (URBN) as Talent Shines - Analyst
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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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Analysts at Oppenheimer believe current trends at Urban Outfitters (NASDAQ: URBN) are in line with plan and will show ongoing year-over-year improvements on controlled inventories and improved pricing.
"The true opportunity comes in 2013 as the impact of new talent becomes fully evident," said analyst Pamela Quintiliano. "Traffic is not an issue, and customers are responding to improved product."
Oppenheimer thinks Urban Outfitters can grow direct-to-consumer to 50% of revenues in five years (from 20%).
"This appears to be increasingly more feasible given: improved web design; effective domestic interface between web and store; benefits from recent Reno DC; and launch of more country/region specific websites in Europe and Asia," said Quintiliano.
Oppenheimer has Outperform Urban Outfitters, Inc. (NASDAQ: URBN) and a price target of $45.00.
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 $37.46 yesterday.
"The true opportunity comes in 2013 as the impact of new talent becomes fully evident," said analyst Pamela Quintiliano. "Traffic is not an issue, and customers are responding to improved product."
Oppenheimer thinks Urban Outfitters can grow direct-to-consumer to 50% of revenues in five years (from 20%).
"This appears to be increasingly more feasible given: improved web design; effective domestic interface between web and store; benefits from recent Reno DC; and launch of more country/region specific websites in Europe and Asia," said Quintiliano.
Oppenheimer has Outperform Urban Outfitters, Inc. (NASDAQ: URBN) and a price target of $45.00.
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 $37.46 yesterday.
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