Urban Outfitters - URBN . NASDAQ
Purchase Notes - March 2019
Urban Outfitters is a leading apparel retailer, operating under 3 different banners: Urban Outfitters, Anthropologie and Free People. They operate a network of more than 600 stores spread across the US and Canada and are currently growing their footprint in Europe. With their blend of apparel, accessories and "apartment wares" they appeal to a broad spectrum of young adults. Like many retailers they have been struggling to meet the rising challenge of online competition and a saturated retail marketplace. They have been more successful at this than many of their peers and have made impressive strides in building out their "omnichannel" strategy, reaching customers where and how they want to be reached. Profits were down in fiscal 2018 on the back of higher costs associated with developing their online delivery capabilities but have rebounded impressively in the year ended Jan 31, 2019. Their outlook is a little guarded going into 2020 but at the current price of $28.61, the company offers investors a trailing p:e ratio of 10.4 which looks like a good value for a profitable, well-run retailer with a strong balance sheet and room to grow.
What's changed since I made my first purchase of this stock? Follow the ongoing story in the posts below...