Wedbush Starts Urban Outfitters, Inc. (URBN) at Outperform
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Price: $80.85 -0.3%
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 11 | New: 25
Rating Summary:
15 Buy, 26 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 11 | New: 25
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Wedbush initiated coverage on Urban Outfitters, Inc. (NASDAQ: URBN) with an Outperform rating and price target of $46.00.
Analyst Morry Brown said, "We believe specialty retailers will be increasingly challenged in the coming years by (1) the ongoing migration of sales online and associated slowing of mall traffic, and (2) the continued growth of fast fashion retailers. We believe these two challenges play to URBN’s strengths, as its 25% online penetration is tops within our coverage and the company's fashion execution and nimble supply chain have been two of its key competitive advantages since inception. We believe URBN’s sales base, margin profile and returns on capital are in a more defensible position than most peers. In short, the company is playing offense while many peers are on the defensive."
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 $37.90 yesterday.
Analyst Morry Brown said, "We believe specialty retailers will be increasingly challenged in the coming years by (1) the ongoing migration of sales online and associated slowing of mall traffic, and (2) the continued growth of fast fashion retailers. We believe these two challenges play to URBN’s strengths, as its 25% online penetration is tops within our coverage and the company's fashion execution and nimble supply chain have been two of its key competitive advantages since inception. We believe URBN’s sales base, margin profile and returns on capital are in a more defensible position than most peers. In short, the company is playing offense while many peers are on the defensive."
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 $37.90 yesterday.
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