Morgan Stanley analyst Alexandra Straton maintains $Urban Outfitters (URBN.US)$ with a hold rating, and adjusts the target price from $38 to $41.
According to TipRanks data, the analyst has a success rate of 64.1% and a total average return of 7.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Urban Outfitters (URBN.US)$'s main analysts recently are as follows:
Outperformance at Anthropologie, Free People, and Nuuly compensated for declines at the namesake Urban banner. Anthropologie and Free People are considered among the top-performing apparel brands in the market. Nuuly is seen as a significant growth opportunity, while Urban Outfitters flagship is believed to be setting the stage for future growth.
Urban Outfitters' recent performance exceeded expectations with significant top-line growth and margin-driven EPS gains surprising to the upside. However, despite the recognized affordable valuation and potential for positive change, the possibility of a re-evaluation of the company's stock value is still viewed as unlikely.
Urban Outfitters reported a third quarter that exceeded expectations in total sales, gross margins, and earnings. The opportunity for investors is apparent in the turnaround of the Urban Outfitters brand.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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