Urban Outfitters: Rare Retail Winner Ahead of Earnings (URBN)
March 1, 2008 by Douglas A. McIntyreOn Thursday morning we’ll get to see earnings out of Urban Outfitters Inc. (NASDAQ: URBN). The estimates for the specialty retail company from First Call are $462.28 million in revenues. Next quarter estimates are $383.06 million in revenues. Estimates for fiscal Jan-2009 are $1.82 billion in revenues. Because of EPS revisions, we’ll give more formal EPS targets as the news event is closer.
Analysts have an average price target north of $31.00 and Urban Outfitters’ 52-week trading range is $19.20 to $31.32. This one has over 20.7 million shares in the short interest upon last look.
Despite the stock being within about 10% of its 52-week highs at $28.78, it still seems like many had mostly forgotten about Urban Outfitters as a stock for quite some time after that exponential rise came to maturity in 2005. What is interesting is that it is also toward the higher-end of its trading range highs from back in 2005. Stay tuned for this one, because it is fairly hard to find a retail stock that has done this well over the last six months.
Jon C. Ogg
March 1, 2008
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