Urban Outfitters Short Squeeze $URBN Shares Soar 21% After Earnings Beat

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  • #11188
    Super Harley
    Participant

    [article]140[/article]

    #11189
    ThePitBoss
    Participant

    BMO Capital Markets analyst John Morris

    Sys turnaround was still in its early days. Both Anthropologie and Urban Outfitters showed improvement, however

    “we feel that both brands are in the beginning stages of a turnaround and it is too early to signal all clear. We await further evidence that both core divisions have significantly improved operations, rather than relying on one quarter of green-shoots, to become more positive on the shares.”

    #11190
    ThePitBoss
    Participant

    Jefferies analyst Randal Konik

    [ebay][/ebay]xpects Urban Outfitters’ performance to remain “choppy” over the near term, but he sees a long-term opportunity as management improves its execution, realizes cost savings from its store reorganization project, and puts that money to use to boost higher-margin efforts, like its digital business.

    #11224
    ClemSnide
    Participant

    Remarkable turnaround $URBN has been crushed on previous earnings with the retail gloom – that short squeeze must have fed a huge swag of this.

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