Deutsche Bank Comments On Urban Outfitters 1Q Earnings (URBN)

In a recent report by Deutsche Bank, Although Urban Outfitters URBN 1Q earnings report were disappointing for the company standards, the numbers were in line with investor expectations and can look positive moving forward. After reviewing the 1Q earnings, Deutsche Bank has maintained a Buy rating and $36.00 price target on URBN. In the report, Deutsche Bank said, " In terms of positives, we note three. First, 1Q EPS results likely met investor expectations. Second, while Invty. growth again outpaced sales growth by 10 percentage points, given negative comps, we believe that this spread probably came in better than expected. Third, we would characterize CEO Glen Senk's overall sentiment on the call as cautious, but positive." Urban Outfitters closed yesterday at $32.29.