Urban Outfitters, Inc. (URBN) Maintains A Strong Buy Rating; Price Target Raised

Analysts Christine Chen and Paula Torch at Needham have maintained a Strong Buy rating for Urban Outfitters, Inc. (NASDAQ: URBN). Analysts have raised the price target for the Urban Outfitters, Inc, stock from $39 to $45.

The price target has been raised after the company reported strong results for the fourth-quarter. The company reported EPS of $0.45 for the quarter, beating the consensus estimate by $0.04, and analysts’ estimate by $0.05. The company registered an increase of 4% in same-store-sales.

The company is currently trading at a multiple of 15x, which is a significant discount to its historical multiple of 27x.