Urban Outfitters, Inc. (URBN)
by Zacks Equity Research
September 07, 2012 | Comments :
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Urban Outfitters, Inc.'s (
URBN) second-quarter 2013 earnings of $0.42 per share beat the Zacks Consensus Estimate of $0.33, and rose 20% from the year-ago quarter. Management now expects that fourth quarter will present considerable opportunity for gross margin improvement than the third quarter.
The company is now trying to optimize inventory level, and focusing on increasing customer count through store expansion, online and mobile marketing endeavors and expansion of direct-to-consumer business. Further, the company's debt-free balance sheet also augurs well for future growth.
Consequently, we upgrade our recommendation on the stock to Outperform. Our target price of $42.00, 26.6X 2013 EPS, reflects this view.
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This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
The company is now trying to optimize inventory level, and focusing on increasing customer count through store expansion, online and mobile marketing endeavors and expansion of direct-to-consumer business. Further, the company's debt-free balance sheet also augurs well for future growth.
Consequently, we upgrade our recommendation on the stock to Outperform. Our target price of $42.00, 26.6X 2013 EPS, reflects this view.
Read the full Analyst Reporton URBN