Urban Outfitters (URBN) Target Up, Estimates Trimmed at Canaccord Genuity
Canaccord Genuity analyst Laura Champine reiterated a Buy rating and bumped her price target on Urban Outfitters, Inc. (NASDAQ: URBN) from $48 to $49 following fourth quarter results.
Ms. Champine said, "We are maintaining our bullish stance driven by sustained fashion improvements and performance at the Anthropologie brand (41% of total C2013 sales)." She added "Q4 SSS increased 10% on top of +7%, and the brand's level of markdowns was 20% lower yr./yr. despite the highly promotional environment that persisted in the quarter."
The analyst lowered her 2015 and 2016 Annual EPS estimates to $2.05 and $2.38, respectively. Ms. Champine also lowered her 2015 and 2016 Annual Revenue estimates to $3,359M and $3,682M, 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 $37.51 yesterday, with a 52 week range of $35.00-$44.96.
Ms. Champine said, "We are maintaining our bullish stance driven by sustained fashion improvements and performance at the Anthropologie brand (41% of total C2013 sales)." She added "Q4 SSS increased 10% on top of +7%, and the brand's level of markdowns was 20% lower yr./yr. despite the highly promotional environment that persisted in the quarter."
The analyst lowered her 2015 and 2016 Annual EPS estimates to $2.05 and $2.38, respectively. Ms. Champine also lowered her 2015 and 2016 Annual Revenue estimates to $3,359M and $3,682M, 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 $37.51 yesterday, with a 52 week range of $35.00-$44.96.