Stifel says that Urban Outfitters' multiple has fallen due to "fears of prolonged merchandise misses at the company's Anthropologie division." The firm thinks that the sales of dresses at Anthropologie continue to underperform, but it is hopeful that the unit's dress sales can rebound in Q3. It views the decline in the stock's multiple as overdone, creating a buying opportunity
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here