Urban Outfitters (URBN) is a “Great Operator,” Says Jim Cramer

We recently published 8 Stocks on Jim Cramer’s Radar.  Urban Outfitters Inc. (NASDAQ:URBN) is one of the stocks on Jim Cramer’s radar.

Urban Outfitters Inc. (NASDAQ:URBN)’s shares are up by 35% year-to-date, primarily on the back of a stellar run since late November. Since November 24th, the stock is up by 23.8%. The run started after Urban Outfitters Inc. (NASDAQ:URBN)’s third quarter earnings report that saw the firm post $1.53 billion in revenue and $1.28 in earnings per share. Both of these beat analyst estimates of $1.49 billion and $1.19. On November 26th, UBS raised Urban Outfitters Inc. (NASDAQ:URBN)’s share price target to $80 from $70 and kept a Neutral rating on the shares. The financial firm cited the earnings report as the reason behind the raise and added that it expects the five-year EPS compounded annual growth rate to sit at 8%. Along with UBS, Telsey also raised the share price target following the earnings. It bumped the target to $85 from $80 and kept a Market Perform rating. Telsey noted that while Urban Outfitters Inc. (NASDAQ:URBN)’s earnings report was strong, its guidance was slightly weaker than expected. Cramer called the company a consistent operator:

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“Consistently great operator this year is Urban Outfitters! With every single one of the divisions doing well. They’re again, no beat the chest, I’ve tried to get Richard Hayne on since 1912, it’s a Philadelphia company so I thought I’d play that angle, you think he cares?. . .but Urban Outfitters has been spectacular.”

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Disclosure: None. This article is originally published at Insider Monkey.