Urban Outfitters Shares Tank - Zacks Tale of the Tape
Zacks Market Commentaries (December 11th, 2008) Writes:
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?Zacks Investment Researchapparel retailer;, National Retail Federation, retail segment, Stocks to Watch, Urban Outfitters Inc, USD, Zacks Market Commentaries


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