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Urban Outfitters Shares Tank – Zacks Tale of the Tape

Source: http://www.zacks.com/stock/news/16354/Urban+Outfitters+Shares+Tank+-+Zacks+Tale+of+the+Tape
 Posted on Thursday, December 11th, 2008 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

Urban Outfitters Inc’s (URBN) share price took a dive a day after the apparel retailer reported flat same-store sale for November and cautioned of declining comps during the crucial holiday season.

The National Retail Federation forecast the worst holiday season in 6 years, and Urban Outfitters, which has generally been seen as a safe play in the retail segment, does not appear confident in its future performance. The company had reported a 10% rise in same-store sales in October.

Shares Urban fell as much as $14.70 in the early session, before paring some losses to trade down nearly 20% at noon.

“URBN” Free Stock Analysis: Buy? Sell? Hold?
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