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Urban Outfitters (URBN) reported mixed Q2 results, with adjusted earnings missing estimates and sales exceeding expectations. Stock decreased by 4.6%.
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BMO Capital analyst Kelly Crago initiates coverage on Urban Outfitters (NASDAQ:URBN) with a Market Perform rating and announces Price Target of $80.
Urban Outfitters' Retail segment drove growth with 8% revenue increase to $1.39B and 6.2% comparable sales growth in Q2 fiscal 2027. FP Group led brand performance with 10% comp gains, while Urban Outfitters and Anthropologie also showed positive momentum. Management forecasts mid-single-digit comparable growth for Q3, supported by fall demand and regular-price selling.
Barclays analyst Adrienne Yih maintains Urban Outfitters (NASDAQ:URBN) with a Overweight and raises the price target from $100 to $102.