1354 ET - Urban Outfitters reported a 4Q beat, but sales for its namesake brand continued to trend negatively. The potential recovery of Urban Outfitters' namesake brand that its parent company is forecasting for the current year isn't clear yet, Jefferies analysts say in a research note. "We remain cautious on the name, as it is too early to declare the Urban Outfitters [brand] turnaround a success," the analysts say. Urban Outfitters' core brands have been beneficiaries of a recent emerging fashion cycle, but we the stock could be hit by negative comparable sales across its namesake brand, promotional headwinds and increased competition, analysts add. Jefferies raises its target price to $42 a share from $40 a share previously. Shares rise 9.1% to $57.67. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 27, 2025 13:54 ET (18:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.