Telsey Advisory analyst Dana Telsey maintains $Urban Outfitters (URBN.US)$ with a hold rating, and adjusts the target price from $44 to $46.
According to TipRanks data, the analyst has a success rate of 40.3% and a total average return of -0.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Urban Outfitters (URBN.US)$'s main analysts recently are as follows:
The outperformance observed at Anthropologie, Free People, and Nuuly has helped offset challenges at the Urban Outfitters banner. The strong performance of Anthro and FP positions them as leading apparel brands in the market. Additionally, Nuuly is seen as a promising growth opportunity, while there are expectations for the Urban Outfitters flagship to establish a basis for renewed growth.
Urban Outfitters' recent earnings report indicated a stronger than anticipated rise in both top-line figures and margin-driven EPS, surpassing expectations. Despite acknowledging these positive results, the prospect of a re-evaluation of the company's stock multiple is deemed unlikely, even with what is described as an attractive valuation and potential for a positive rate of change.
Urban Outfitters reported a Q3 that surpassed expectations in terms of total sales, gross margin, and earnings. The opportunity for investors lies in the brand's turnaround.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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