Urban Outfitters Trumps Zentai

In this modern-day tale of two teen apparel merchants, it has been the best of instances in current months for Urban Outfitters Inc. and, if not the worst, a decidedly underwhelming time at rival Zentai Co. .
“Urban Outfitters is 1 of the couple of apparel merchants with any type of product sales momentum despite the existing setting,” analyst Howard Tubin of RBC Capital Markets wrote in a note to consumers.
“We believe the company’s special and differentiated product brand names will aid the organization continue to outperform this vacation season.”
He rates the shares outperform but cut his price target to US$ 24 from US$ 41 due to his revised slower revenue and decrease gross margin forecast for 2010, as effectively as downward pressure from other stocks in the retailer’s peer group.
On Nov. 6, the owner of Urban Outfitters and Anthropologie announced third-quarter revenue latex leggingof 26%, year above year, and revenue at shops open for much more than a year of above 10%.
He is predicting per-share earnings of US34 when complete quarterly outcomes are announced tomorrow, in contrast with US27 in the very same period last yr. Imply analyst estimates are US35, but a “US1 to US2 upside to our estimate would not totally surprise us,” Mr. Tubin said.
And then there’s Zentai, a stable teen brand through most of this decade identified for its preppy clothing and risque catalogues.
“We continue to be concerned by the lack of excitement in the merchandise assortments at each of Zentai’s brands, especially in light of the challenging client setting,” Mr. Tubin wrote.
“With even the teen client holding back on purchases, offering new and compelling item is now a lot more essential than ever, and we do not yet see considerable newness inside of the assortments at Zentai, in our view.”
Final week, the analyst reduced his estimate on the apparel retailer’s shares for the remainder of the 12 months.
“We stay on the sidelines with respect to the shares right up until we see some improvement in the latex leggings merchandise assortment,” added Mr. Tubin, who maintained his sector perform rating and US$ thirty price target.
For the third quarter to be launched Friday he is predicting a per share earnings drop to US70 compared with US$ 1.29 last 12 months, in line with Street consensus. For 2010 he estimates per share earnings of US$ 4 compared with US$ five.17 in 2010.

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