Summary
- Urban Outfitters has been hammered in recent months.
- The Q1 report showed record revenue, but margins are a concern.
- The stock is as cheap as it has ever been and is a strong buy.
A tough 12 months
Urban Outfitters (NASDAQ:URBN) has had a really rough go of it in the past year or so. The stock was on fire this time last year, knocking on the door to $50 as the company’s results were impressing investors. Fast forward to now, and even a record-setting revenue performance for the first quarter wasn’t enough to keep the stock out of the clearance bin. However, even though I see growth concerns for Urban Outfitters as legitimate, the stock is so cheap at this point that anyone that wants to own it should jump at the chance that is being presented. In short, Urban Outfitters is, I believe, as cheap as it has ever been.
