Urban Outfitters Tops Q4 Estimates, But Analyst Stays Neutral Amid Weather-Driven Demand Shifts

J.P. Morgan analyst Matthew R. Boss reiterated a Neutral rating on the shares of Urban Outfitters Inc URBN and raised the price target from $54.00 to $56.00.URBN reported adjusted EPS of $1.04 for fourth-quarter, surpassing analysts’ expectations of $0.95. This was driven by a 16.8% year-over-year increase in gross profit, exceeding the 14% anticipated growth, supported by a 5.1% increase in same-store sales, said the analyst.Additionally, adjusted gross margin expanded by 200 basis points to 32.3%, surpass ...