Barclays analyst Adrienne Yih lowered the firm’s price target on Urban Outfitters to $46 from $47 and keeps an Overweight rating on the shares post the Q3 report. The analyst says the company’s inventory productivity metrics combined with merchandise margins continue to improve despite slowing sales trends.
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Read More on URBN:
- Urban Outfitters (NASDAQ:URBN) Sinks, Even As Q3 Results Beat Estimates
- Urban Outfitters price target lowered to $38 from $40 at Citi
- Urban Outfitters says Urban Outfitters brand inventory levels elevated
- URBN Reports Record Sales and a 120% Increase in EPS
- Urban Outfitters reports Q3 EPS 88c, consensus 82c
