Urban Outfitters Impresses Investors With Encouraging Sales Growth Commentary

Urban Outfitters stated in its 10-K release that "thus far" during the first quarter, comparable retail segment net sales are in the low single-digits.

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The company noted that it total company comparable retail segment net sales increase in fiscal 2016 comprised of increases of 9.0 percent, 1.4 percent and 0.4 percent at Free People, Urban Outfitters and Anthropologie Group, respectively.

Meanwhile, analysts at Goldman Sachs on Friday maintained a Buy rating on Urban Outfitters with a price target boosted to $35 from a previous $33.