|Avg Daily Volume: 2,938,017 Market Cap: 2.79B |
Sector: Services Short Interest: 13.85
ESTIMATED EPS: .25/share REV: 855.65/M
EPS: .80/share ESTIMATED: .79/share (BEAT)
NEXT QTR: EPS: .80/share REV: 1,001/M
FY19: EPS: 2.62/share REV: 4,060/M
*These are the base metrics we will be watching against the actual release numbers
4.9, 6.14, 9.97
Links To Latest News and Headlines
J.P. Morgan analyst Matthew Boss downgraded shares of specialty-apparel retailer Urban Outfitters to Underweight. He’s concerned about sales going forward.
Urban Outfitters (URBN) posts dismal sales data for the holiday period. Gross margin is likely to deleverage by several hundred basis points in the fourth quarter of fiscal 2021.
The apparel retailer’s same-store sales were down about 9% in November and December compared to the year before. Analysts had estimated sales would be flat.
Urban Outfitters reported soft holiday sales and a new management team with CEO Trish Donnelly stepping down at the end of the month.
Current CEO Trish Donnelly will exit at the end of the month to pursue other opportunities.
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StockJumpers trajectory analysis reveals a negative overall market reaction to the news release. They are trading at near annual lows and we were looking for a beat and news that would propel the stock higher, but we are not seeing it. There was some data about a miss on some of the metrics (perhaps same store sales) but its ambiguous. We are biased short on this one
We are SHORT on the event
STOP LOSS: 5%
TAKE PROFIT: 10%
UPDATE: We remain biased short – even though it looks oversold and trading at annual lows.
POST RELEASE ACTION: They beat on the main metrics, but the key for the main move in the am will be in the guidance. We revised our take profit from break-even to 6% and will revisit in the AM.
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NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.