BUZZ-Urban Outfitters fall sharply even after EPS, rev beat; tariff impact in focus
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Urban Outfittersshares fell approximately 11% on Thursday, marking the largest one-day percentage drop since April 3. Despite beating Q2 EPS and revenue expectations, the retailer indicated greater margin pressure from tariffs than previously anticipated. Analysts, including Morningstar's David Swartz, described URBN as overvalued but noted its strong performance relative to competitors. The company estimates tariffs will impact its second-half gross margin more significantly than earlier forecasts. Analysts have varied price targets, with JPMorgan raising its target to $89 and Bofa to $93.
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