From Nasdaq: 2025-01-04 17:13:29

Urban Outfitters (NASDAQ: URBN) saw its share price rise almost 13% in December, driven by a strong showing during the important retail period and an analyst price target lift. The retailer performed well during Black Friday, outperforming in the sector according to researcher BMO. Urban Outfitters and Anthropologie delivered strong sales and brisk inventory turnover, while Ulta Beauty also saw strong performance. However, some retailers like Tapestry and Michael Kors underperformed. Baird analyst Mark Altschwager raised Urban Outfitters’ price target to $55 per share, citing positive factors. Fourth-quarter results will reveal more about the company’s performance during the holiday season.



Read more at Nasdaq: Why Urban Outfitters Stock Blasted Higher in December