Urban Outfitters Highlights from Citi Conference

Citi is providing a few highlights on Urban Outfitters URBN. “URBN's stance was cautious in discussing the ‘turn' in the business and traction on the women's apparel side,” Citi writes. “The company seemed less optimistic about a 2H inflection than they have in the recent past; management now seems to be targeting 4Q versus 3Q, though that remains in question as well, in our view. “The management changes at the divisional level, CEO Glen Senk at the Urban division and Johanna Uurasjarvi's from Leifsdottir (prior to that Anthro) at Anthro will likely not be seen before late 3Q/4Q.” Urban Outfitters closed Tuesday at $30.97.