Loop Capital analyst Laura Champine lowered her price target on Urban Outfitters to $25 after its Q2 results saw a comps decline of 3% and its outlook for Q3 anticipated continued sharp compression in gross margins. The analyst also notes that the company's Q2 earnings beat was driven mostly by the lower share count due to its "more aggressive" buyback activity. Champine is keeping her Buy rating on Urban Outfitters, saying that she still sees an opportunity for sentiment on the stock to improve ahead of easier comps in the coming quarters and its same-store-sales trend remaining "strong" when tracked on a two-year basis.