|Bid||26.00 x 800|
|Ask||27.13 x 2200|
|Day's Range||26.54 - 27.78|
|52 Week Range||12.28 - 32.86|
|Beta (5Y Monthly)||1.62|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 01, 2021 - Mar 05, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.53|
J.P. Morgan analyst Matthew Boss downgraded shares of specialty-apparel retailer Urban Outfitters to Underweight. He’s concerned about sales going forward.
Urban Outfitters (URBN) posts dismal sales data for the holiday period. Gross margin is likely to deleverage by several hundred basis points in the fourth quarter of fiscal 2021.
The apparel retailer’s same-store sales were down about 9% in November and December compared to the year before. Analysts had estimated sales would be flat.