In a report released yesterday, Anna Andreeva from Oppenheimer reiterated a Hold rating on Urban Outfitters (NASDAQ: URBN). The company’s shares closed yesterday at $20.46, close to its 52-week low of $20.24.
Andreeva commented:
“URBN’s historically differentiated portfolio/category mix that’s far from over-stored (~200 North America stores at each UO/Anthro) remains challenged, given product misses in apparel continue (four quarters of negative comps at Anthro, so far one at UO), exacerbated by mix shift online (ecomm record highs at 1/3 of sales). Markdown pressure is accelerating into 2Q17 (modeling gross margins down ~400 bps, worse than 1Q17’s -280 bps) given the need to work through apparel at now both Anthro (dresses still underperforming, inventories not ideal) and Urban (women’s dresses & tops); company is now rethinking the five-year model, with bigger emphasis on wholesale/international/new brands and potential door closures down the road.”
According to TipRanks.com, Andreeva is a 3-star analyst with an average return of 1.7% and a 43.9% success rate. Andreeva covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Children’s Place.
Currently, the analyst consensus on Urban Outfitters is Hold and the average price target is $25.91, representing a 26.6% upside.
In a report issued on May 15, RBC Capital also reiterated a Hold rating on the stock with a $21 price target.
Urban Outfitters’ market cap is currently $2.38B and has a P/E ratio of 11. The company has a book value ratio of 1.8111.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Urban Outfitters, Inc. engages in the operation of retail clothing stores. It operates through the following segments: Retail and Wholesale. The Retail segment offers merchandise directly through stores, catalogues, call centers, & websites, and consists of the brands Urban Outfitters, Anthropologie, Free People, Terrain, and Bhldn. The Wholesale segment designs, develops, and distributes women’s casual wear under the Free People brand. The company was founded by Richard A. Hayne and Scott A. Belair in 1970 and is headquartered at Philadelphia, PA.