Urban Outfitters (URBN) August volatility at 105 into Q2 and outlook

Nomura Securities Raises Price Target on Urban Outfitters (URBN) to $33

August 17, 2016 10:15 AM EDT

Nomura 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 EDT

Wedbush 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 EDT

Stifel 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 EDT

Cowen 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 EDT

Mizuho 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 EDT

FBR & 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... More

Urban Outfitters (URBN) Tops Q2 EPS by 10c

August 16, 2016 4:13 PM EDT

Urban 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