Oppenheimer Says Urban Outfitters (URBN) Remains Top Pick
Following the company's earnings report, Oppenheimer maintained an Outperform rating on Urban Outfitters, Inc. (NASDAQ: URBN) with a price target of $45.00.
Commenting on EPS results that missed estimates by a penny, analyst Pamela Quintiliano pointed to slightly weak gross margins.
"We're very encouraged by results, which speak to ongoing improvements/execution across divisions (both online and DTC). Obviously 4Q represents significant opportunity given very easy compares, but we believe the turn is still in its early stages and that longer-term growth potential abounds given carefully measured domestic/ international initiatives in place," said Quintiliano.
She thinks URBN remains very compelling at current level and called the stock a top pick.
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 $37.07 yesterday, with a 52 week range of $23.42-$40.65.
Commenting on EPS results that missed estimates by a penny, analyst Pamela Quintiliano pointed to slightly weak gross margins.
"We're very encouraged by results, which speak to ongoing improvements/execution across divisions (both online and DTC). Obviously 4Q represents significant opportunity given very easy compares, but we believe the turn is still in its early stages and that longer-term growth potential abounds given carefully measured domestic/ international initiatives in place," said Quintiliano.
She thinks URBN remains very compelling at current level and called the stock a top pick.
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 $37.07 yesterday, with a 52 week range of $23.42-$40.65.