Urban Outfitters, Inc. (URBN) - Bull of the Day

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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.
 
URBAN OUTFITTER (URBN): Free Stock Analysis Report
 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

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