Urban Outfitters: Rating Upgrade On Turnaround And Broad Demand Strength

Core Insights - The article provides an update on Urban Outfitters, Inc. (URBN) following a previous upgrade to a hold rating due to solid performance across all core brands [1] Investment Philosophy - The company adopts a fundamentals-based approach to value investing, emphasizing that low multiple stocks are not necessarily cheap [1] - The focus is on identifying companies with long-term durability, steady growth, no cyclicality, and a strong balance sheet [1] - There is an acknowledgment of the risks involved in investing in successful companies, particularly the potential to overpay, highlighting the importance of valuation [1] - The article suggests that in certain situations, the potential for growth may outweigh immediate price concerns [1]