Urban Outfitters, Inc. (URBN) Will Survive But Choppy Waters are Ahead - Jefferies

Jefferies analyst Janine Stichter reiterated a Buy rating and $20.00 price target on Urban Outfitters, Inc. (NASDAQ: URBN) after the company rebounded smoothly off of the bottom but the near term is likely to be choppy for investors.

The analyst stated "UO saw Search Interest trough in mid-March and is now running up ~20%. UO has executed well in distorting its assortment towards the few categories that seem to be working industry-wide: lounge/sweats (esp. the 'unofficial stay at home uniform' of the Millennial/Gen Z consumer, the tie dye sweat suit), beauty, and home". She went on to state "With a solid balance sheet, ~40% of the business online, and only ~1/3 of the fleet in traditional malls, we view URBN
as one of the better-positioned retailers over the medium term".

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 $15.69 yesterday.

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