Barclays raised the firm’s price target on Urban Outfitters (URBN) to $98 from $89 and keeps an Overweight rating on the shares. The company’s Q3 beat estimates on sales, margin, earnings and consolidated comps, the analyst tells investors in a research note. The firm says Urban saw strength across all major categories and strong regular price selling.
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Read More on URBN:
- Strong Performance and Strategic Growth Propel Urban Outfitters’ Positive Outlook
- Urban Outfitters Achieves Record Q3 Sales and Income
- Closing Bell Movers: Urban Outfitters rallies nearly 20% on earnings beat
- Urban Outfitters reports Q3 EPS $1.28, consensus $1.18
- Urban Outfitters options imply 8.8% move in share price post-earnings