S&P Capital IQ Remains Positive on Urban Outfitters

In a report published Wednesday, S&P Capital IQ analyst Tuna N. Amobi reiterated a Buy rating on Urban Outfitters URBN. In the report, S&P Capital IQ noted, “We think this specialty apparel retailer has some key building blocks to sustain further progress in FY 15 (Jan.), despite slightly mixed Jan-Q results that concluded an otherwise remarkable year. Amid a generally challenging retail environment, we are encouraged by URBN's 6% gain in FY 14 same-store sales (despite some Jan-Q deceleration), with relatively heady gains from the Anthropologie and Free People brands. We think FY 15 could see some easing of lingering challenges of the namesake business, and further margin expansion could accrue from easing promotional markdowns.” Urban Outfitters closed on Tuesday at $35.91.