Urban Outfitters (URBN) August volatility at 105 into Q2 and outlook
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Nomura Securities Raises Price Target on Urban Outfitters (URBN) to $33
August 17, 2016 10:15 AM EDTNomura Securities reiterated a Neutral rating on Urban Outfitters, Inc. (NASDAQ: URBN), and raised the price target to $33.00 (from $30.00), following the company's 2Q earnings report.
Nomura commented, "With brands & department stores across the channel talking about normalizing their inventory and distribution, URBN's comp and margin beat were... More
Wedbush Raises Price Target on Urban Outfitters (URBN) to $34; Reiterates Neutral
August 17, 2016 9:32 AM EDTWedbush reiterated a Neutral rating on Urban Outfitters, Inc. (NASDAQ: URBN), and raised the price target to $34.00 (from $29.00), following the company's 2Q earnings report. Top-line growth at Urban Outfitters benefited from a significant shift to exclusive/proprietary product. Customers responded to exclusive styles from adidas,... More
Stifel Reiterates Buy on Urban Outfitters (URBN) Following 2Q
August 17, 2016 8:23 AM EDTStifel reiterated a Buy rating on Urban Outfitters, Inc. (NASDAQ: URBN), and raised the price target to $40.00 (from $35.00), following the company's 2Q earnings report. URBN reported an $0.11 EPS beat. Stifel believes that URBN is a particularly well-positioned business for the retail environment of today.... More
Cowen Raises Price Target on Urban Outfitters (URBN) Following 2Q EPS Beat
August 17, 2016 8:13 AM EDTCowen reiterated a Market Perform rating on Urban Outfitters, Inc. (NASDAQ: URBN), and raised the price target to $37.00 (from $28.00), following the company's 2Q earnings report. EPS results came in ahead of the Street at $0.66 vs. Consensus estimates of $0.55.
Analyst Oliver Chen commented, "We like... More
Mizuho Securities Raises Price Target on Urban Outfitters (URBN) to $32 Following 2Q Beat
August 17, 2016 6:55 AM EDTMizuho Securities reiterated a Neutral rating on Urban Outfitters, Inc. (NASDAQ: URBN), and raised the price target to $32.00 (from $28.00), following the company's 2Q earnings report. URBN reported EPS of $0.66, above consensus $0.55 estimates. Notes suggest September was best LY, followed by August and then October.... More
FBR Affirms Urban Outfitters (URBN) at 'Market Perform'; Q2 Retail Markdowns Notable, but Wholesale Strong
August 17, 2016 6:20 AM EDTFBR & Co. affirms Urban Outfitters (Nasdaq: URBN) at Market Perform with a price target of $31 following Q2 results on Tuesday night.
The firm noted the following key points:
3Q/2016 guidance. Management expects UO and Anthro to drive 3Q16 GM leverage (likely ~100 bps), partially offset by FP. It guided SG&A dollars to increase +LDD in... MoreUrban Outfitters (URBN) Tops Q2 EPS by 10c
August 16, 2016 4:13 PM EDTUrban Outfitters (NASDAQ: URBN) reported Q2 EPS of $0.66, $0.10 better than the analyst estimate of $0.56. Revenue for the quarter came in at $890.6 million versus the consensus estimate of $886.84 million.
"Comparable Retail segment net sales, which include our comparable direct-to-consumer channel, increased 1%. Comparable Retail segment... More
